Yale University is mourning the loss of its longtime chief investment officer, David Swensen, who died Wednesday after battling cancer.
In announcing Swensen’s passing, Yale President Peter Salovey described him as an “exceptional colleague, a dear friend, and a beloved mentor to many in our community.”
Swensen earned his Ph.D. at Yale in 1980, then worked for financial institutions including Salomon Brothers and Lehman Brothers. He returned to Yale five years later to lead its investments office.
“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Salovey said.
The university’s endowment grew exponentially during Swensen’s tenure, and now has some $31 billion in assets, according to Yale.
Swensen was also a lecturer at Yale who shared his knowledge of investment strategy with his students, many of whom have gone on to become leaders in the field.
“His approach, which has become known as the ‘Yale Model,’ is now the standard for many university and foundation endowments,” Salovey said.
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Quinnipiac U. names new School of Business dean
Holly J. Raider, photo courtesy Erin Harris @ekhphotography
Holly J. Raider has been appointed dean of the School of Business and professor of management at Quinnipiac University.
Provost Debra Liebowitz said Raider has a record of collaborating with faculty to develop curricula and educate students who are in-demand after graduation.
“She understands how to shape interdisciplinary, future-oriented programs that position students for success in tech and data-savvy environments,” Liebowitz said.
Raider starts her new job on July 1, taking over for Matthew O’Connor, who will return to the finance faculty after serving as dean for 12 years.
Raider comes to Quinnipiac from the Kellogg School of Management at Northwestern University, where she is managing director of executive education and clinical professor of management.
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Citizens names new head of retail banking
Kim Dee
Citizens Bank has promoted Kim Dee to head of retail banking, a role which involves managing 5,000 colleagues and 1,000 retail branch locations.
Dee had most recently served as the bank’s executive vice president, customer transformation director. She will report to Simon Griffiths, the bank’s head of core banking.
Dee has more than two decades of experience in the financial industry, including several executive level positions at Citizens.
During her tenure, she has helped implement changes in the retail branches, including digital migration, streamlining retail operations and enhancing colleague development.
