Policy Number: 4.11. Kenneth Miranda, director of the International Monetary Fund's (IMF) investment office, has been selected as Cornell's chief investment officer, Provost and Acting President Michael Kotlikoff announced today. He is the third CIO to resign in the last six years. If you have a disability and are having trouble accessing information on this website or need materials in an alternate format, contactweb-accessibility@cornell.edufor assistance. endstream endobj 475 0 obj <>/Metadata 33 0 R/Outlines 54 0 R/PageLayout/OneColumn/Pages 472 0 R/StructTreeRoot 69 0 R/Type/Catalog>> endobj 476 0 obj <>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 477 0 obj <>stream Weill Cornell Medicine is conducting a national search for the second administrative position: executive vice provost and chief operating officer. Locally, Ms. DeStefano serves as a member on the Cayuga Medical Center (CMC) board of directors and executive committees and previously served as the chair of CMCs patient and quality safety committee and as the chair for the Cornell 2008 United Way campaign. Joanne DeStefano is the Executive Vice President (EVP) and Chief Financial Officer (CFO) for Cornell University. Puccino has served as assistant vice provost for financial planning and institutional reporting for the past decade, and has held numerous leadership positions in budget and finance over his 30-year career at Weill Cornell Medicine. His high-level expertise in long-term investments means he is poised to meet Cornells unique needs, goals and risk tolerance. hb``` r@(JQ(*rwA Current-Year Long-Term Investment Pool Rates; Prior-Year Long-Term Investment Pool Rates; Investing in the Long-Term Investment Pool; Investment Glossary; Year-End. This authority is ultimately delegated to designated purchasing agents and contracting officers. Get Cornell news delivered right to your inbox. He will seek to increase Weill Cornell Medicines clinical footprint throughout New York City, invest in the institutions biomedical research activities with the goal of increasing sponsored research opportunities, and oversee the financial planning for a new student residence. 1 0 obj Get Cornell news delivered right to your inbox. CORNELL UNIVERSITY POLICY LIBRARY POLICY 4.6 Volume: 4, Governance/Legal Chapter: 6, Standards of Ethical Conduct Responsible Executive: President Responsible Offices: Provosts/Executive Vice President and Chief Financial Officer Originally Issued: October 1996 Last Updated: February 8, 2021 Standards of Ethical Conduct POLICY STATEMENT Executive Vice President and CFO - Cornell University Im familiar with the culture and have always envisioned myself working in higher education.. I am looking forward to collaborating with the solid staff in the Office of University Investments who have a valuable, proven skill set, Miranda said. The core team of professionals in the university's investment office is already working effectively with the investment committee of the Cornell Board of Trustees to implement a smooth transition and ensure that the university meets its investment targets. The university recognizes the need for personal telephone use, but expects individuals to pay directly for personal long-distance telephone calls. Vice President for University Communications Tommy Bruce issued the following statement May 2: Michael Abbott stepped down from his position as chief investment officer at Cornell University May 1. Puccino was also instrumental in conceptualizing and implementing the institutions expanded scholarship program that provides debt-free education to medical students in financial need. Units of the university that have activities that generate unrelated business income will be charged all applicable income taxes. The University Board of Trustees is responsible for strategic management of all investable funds, and implements policy through the Investment Committee of the Board. Under Walsh's tenure, Cornell's endowment successfully avoided many of the liquidity problems that affected those of its peers last year. bR{5C=q]Vl !2Ul 0rTafZ"g\"Z;^"/=n]r=|:1.6O&ZcuThcerL..l5.&79b9PnjF/&O9+P+& ~O)ovQ3 Asset Allocation October 7, 2022 Yale Endowment Gains 0.8%, Duke, Cornell Post Small Losses in 2022. Leadership | Board of Trustees | Office of the President | Office of the Provost | Senior Administration. Edwards to step down. %%EOF Newswise ITHACA, N.Y. - Kenneth Miranda, director of the International Monetary Fund's (IMF) investment office, has been . At the same time Im very focused on managing the risk and the downside protection of the portfolio through quantitative techniques.. We are immensely proud to have Ken leading our investment team. 2iTm P8 This policy is being revised and is unavailable at this time. Scott Puccino Appointed Chief Financial Officer of Weill Cornell Cornell University allows the use of approved video surveillance systems through a transparent process, subject to rules governing equipment installation and employment, and use of the resulting recorded material. endobj A university device must be authorized by a dean or vice president, and must be purchased and serviced under the. The review process will begin immediately upon receipt of materials. 7qNa6z)( Walsh has been responsible for managing the university's investments since 2006 and directing an office that grew to 25 people from 17 during his tenure. It had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations. Interim Provost for Medical Affairs; Interim Dean of Weill Cornell Medicine, Deputy Provost and Presidential Advisor for Diversity and Equity, Chair, Vice President for Facilities and Campus Services, Vice President and Chief Global Information Officer, Chief of Staff and Special Counsel to the President, Executive Vice President and Chief Financial Officer, Vice President for Student and Campus Life, Vice President and Chief Human Resources Officer, Vice President for Alumni Affairs and Development, Vice President for Research and Innovation, Joseph Silbert Dean of the College of Engineering, Dean of the Ann S. Bowers College of Computing and Information Science, Dean of the Jeb E. Brooks School of Public Policy, Dean of the Graduate School and Vice Provost for Graduate Education, Kenneth F. Kahn Dean of the School of Industrial and Labor Relations, Rebecca Q. and James C. Morgan Dean of the College of Human Ecology, Ronald P. Lynch Dean of the College of Agriculture and Life Sciences, Harold Tanner Dean of the College of Arts and Sciences and Hans A. Bethe Professor, Charles Field Knight Dean of the Cornell SC Johnson College of Business, Dean of the School of Continuing Education, Jack and Rilla Neafsey Dean and Vice Provost of Cornell Tech, Anne and Elmer Lindseth Dean of the Samuel Curtis Johnson Graduate School of Management, Dean of the Peter and Stephanie Nolan School of Hotel Administration and E. M. Statler Professor of Hotel Administration, Austin O. Hooey Dean of the College of Veterinary Medicine, Gale and Ira Drukier Dean of the College of Architecture, Art, and Planning, Dean of the Charles H. Dyson School of Applied Economics and Management, Vice Provost for Engagement and Land-Grant Affairs, Dean, Weill Cornell Medical College-Qatar, Dean, Weill Cornell Graduate School of Medical Sciences, Executive Vice Provost, Administration and Finance, Associate Vice President, Deputy General Counsel, and Secretary of the Medical College, President and CEO, Physician Organization, Senior Associate Dean, Innovation and Initiatives, Senior Associate Dean, International Affairs and Affiliations. This is an amazing trajectorywere firing on all cylindersand we want to keep up the momentum so that we dont plateau, he said. Back Submit. March 18, 2011. Benjarong Suwankiri - Chief Strategy Officer (Senior Executive Vice He will also work closely with Joanne DeStefano, chief financial officer of Cornell University. Given his experience in global investing, Miranda said he expects to globalize the return streams of the endowment. Our institution is uniquely positioned for further transformation, and we have an amazing dean at the helm. The president is elected by the Board of Trustees and, once elected, sits as an ex officio member of the board and of all its standing committees except the Audit Committee. He is a chartered financial analyst. Individuals engaged in developing and maintaining university policies must follow the requirements outlined in this document for drafting, approving,. . Cornell University recharge entities recover some or all of the cost of their products and services through user fees, subject to the requirements outlined in this document. In terms of approach, I tend to look at big changes, big themes, to identify market inefficiencies, growth bottlenecks and forced selling pressure that tend to generate the environment for outsized returns, he said. In this section: Search Committee ( see below) *Y1M/O[5hi%H S`nm_,FWs ?=&^Vjz*TNs`a'4 ],*s:S^,L+\cuSF{pr_SyaBsKMbe[x\RXX+dEx-aeI>nXW*TV Executive Staff Assistant. Miranda succeeds A.J. Funds must be invested for a minimum of five years. Cornell University is a private research university that provides an exceptional education for undergraduates and graduate and professional students. Yale CIO sees 'challenging times ahead' due to rising interest rates, inflation, and geopolitics. Cornell Endowment CIO to Depart | Chief Investment Officer At such times, the university has a prescribed method for evaluation and communication of these changes to university staff, faculty, and students. Cornell University Investment Office - LinkedIn Cornell University requires salary confirmation for individuals paid with sponsored funds, federal appropriations, or committed cost sharing. Executive Vice President and Chief Financial Officer | Cornell Ive also been fortunate to work alongside a number of really talented people at Weill Cornell Medicine, whose unwavering support have made this role possible. 494 0 obj <>/Filter/FlateDecode/ID[<9EECB67782F25A48B33BD3F0C1474532><53F81BFC1FDC244EBA8DD9CBE6B4AE92>]/Index[474 32]/Info 473 0 R/Length 97/Prev 276269/Root 475 0 R/Size 506/Type/XRef/W[1 3 1]>>stream In the year and a half since Kenneth Miranda stepped up to lead Cornell's investment office as chief investment officer, the team has reported strong endowment returns, implemented new investment strategies for 2017, and completed phase one of a move to New York City. favorite_border. This policy establishes these circumstances and the procedures for making such advances. Miranda will manage Cornells $6 billion investment portfolio and lead the Office of University Investments, starting July 1. He also lauded colleagues Assistant Vice Provost for Operations and Support Services Patrick Gallagher; Chief Information Officer Dr. Curtis Cole; Assistant Vice Provost for Capital Planning Dmitri Konon; and Managing Director of Business Systems and Operations Adam Garriga. Jq3oPgK2Gs7(WUg\ A national search firm will lead that effort, and Mary Opperman, vice president for human resources, will coordinate the search and the transition for the university. endobj <> The Executive Vice President and Chief Financial Officer ("EVP" or "EVP/CFO"), reporting to the President, is the most senior non-academic officer for the university. We have a great team, he said. Cornell University expects its units to maintain accurate and complete inventories of their space, through the procedures contained herein. She has over 20 years of administrative experience. He will also work closely with Joanne DeStefano, chief financial officer of Cornell University.