Robert Wood Johnson Foundation Seeking New CIO

By David G. Barry

The Robert Wood Johnson Foundation (RWJF) is seeking a new chief investment officer – a role that has been filled for nearly 20 years by Brian S. O’Neil.

Neither O’Neil nor the Princeton, N.J. foundation’s media relations’ team immediately returned messages from Markets Group. Created in 1972, RWJF is the largest philanthropy in America dedicated solely to health.

O’Neil joined RWJF in January 2002 and has been responsible for the now-$11.4 billion investment portfolio.

He previously spent 22 years with the Equitable Life Assurance Society (now AXA Equitable). He spent time as CIO, overseeing Equitable $40 billion general account investment portfolio, and also served as global head of asset/liability management, CIO of AXA Investment Managers Paris and head of Equitable’s variable life and annuity funds management business.

According to the ad posted on the foundation’s website, RWJF is seeking a candidate with “exceptional investment acumen and integrity” who has extensive experience across investment management, strategy, asset classes, manager selection and investment relationships. RWJF’s “preference” is for “experience in managing a diversity of asset classes as well as all aspects of the investment processes for an endowment, foundation, or comparable institutional investment structure.”

The starting base salary range is $725,000 to $750,000. The CIO, according to the ad, also participates in a bonus pay program based on investment performance outcomes. Korn Ferry is handling the search.