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. Further, the university expects all members of the university community who are accountable for financial, Cornell University uses its property and facilities, primarily, to further its mission of learning, discovery, and engagement. 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. Investment Committee | Office of University Investments As IMF director, Miranda coordinated a focused team that oversaw the investment of approximately $11.5 billion in assets for the IMFs Staff Retirement Plan and Retired Staff Benefits Investment Account. Edwards has served as senior investment officer since March 2008. 0 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. March 18, 2011. endobj Yale CIO sees 'challenging times ahead' due to rising interest rates, inflation, and geopolitics. Kenneth Miranda, director of the International Monetary Funds (IMF) investment office, has been selected as Cornells chief investment officer, Provost and Acting President Michael Kotlikoff announced today. <> Kenneth Miranda of the IMF Named Cornell's Chief Investment Officer _IyZ2qe7s~PUI k#QVZNm5eceZ)s/imFDAykT9A33vcN\4?Ei^V,;c WS;!cST}j7y17# James Walsh, chief investment officer in Cornell's Investment Office, has announced he will be leaving the university to return to England at the end of this academic year. Note: On occasion, the Office of University Investments or the Office of Trusts, Estates, and Gift. 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. "I look forward to my continued work with them as we prepare Weill Cornell Medicine for what comes next," he added. Miranda earned a doctorate in economics from the University of Chicago in 1986 and a Bachelor of Science in foreign service from Georgetown University in 1981. As the most senior non-academic officer for the university, the EVP and CFO is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. Miranda, who joined the IMF in 1986, held numerous policy roles including deputy division chief for Japan and senior roles in the Asia and Pacific department and the fiscal affairs department. x\Yo~7G(JE v"E&n/#;693\Y(QM-,sjqY]WWZ]^J~_=VoO{|X||juL^'I *VfHH|]h{.oHR$7G$?0L8 Mr. Girish V. Reddy (Chair): Mr. Donald C. Opatrny: Mr. J. Allen Smith (Vice-Chair): President Martha E. Pollack Cornell University: Mr. Douglas Braunstein Hudson . Tag: Cornell University. Contacts . Contact | Office of University Investments She has over 20 years of administrative experience. 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 474 0 obj <> endobj Puccino will help evaluate the institutions real estate investments, ensuring that Weill Cornell Medicines leases for its administrative offices reflect current and future need. Newswise ITHACA, N.Y. - Kenneth Miranda, director of the International Monetary Fund's (IMF) investment office, has been . In his new role, Puccino will financially lead a global health care enterprise embarking on a strategic expansion that will advance the institutions tripartite mission to care, discover and teach. Weill Cornell Medicine is conducting a national search for the second administrative position: executive vice provost and chief operating officer. Cornells endowment is in very good hands, DeStefano said. Policy Number: 4.11. I look forward to my continued work with them as we prepare Weill Cornell Medicine for what comes next, he added. 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. Rafael Cestero, BS PAM '90 . 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. Office Staff | Office of University Investments The university will accommodate those full- and part-time employees with valid business needs for mobile communication devices by issuing university-owned mobile communication devices. 2iTm P8 A recent . Prior to Cornell, Walsh spent 11 years at Hermes Investment Management in London, where he became head of strategy and alternatives, after being the firm's chief economist. bR{5C=q]Vl !2Ul 0rTafZ"g\"Z;^"/=n]r=|:1.6O&ZcuThcerL..l5.&79b9PnjF/&O9+P+& ~O)ovQ3 EVP and CFO Joanne DeStefano is the Executive Vice President (EVP) and Chief Financial Officer (CFO) for Cornell University. Chief Investment Officer. New York, NY 10065 Leadership | Board of Trustees | Office of the President | Office of the Provost | Senior Administration. . Edwards, who stepped down from the post March 31. Chief Executive Officer . 4 0 obj Accordingly . The review process will begin immediately upon receipt of materials. Asset Allocation October 7, 2022 Yale Endowment Gains 0.8%, Duke, Cornell Post Small Losses in 2022. As the most senior non-academic officer for the university, the EVP is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. He has a clear understanding of todays complex and rapidly changing investment environment, said Opatrny. He will succeed these financial responsibilities from Stephen M. Cohen, executive vice provost for administration and finance, who will retire in September and whose role is being divided into two. December 2021 Quarterly Report. This policy does not apply to any advance payment required by a vendor. YLP`-V`af;R$6(5(- endobj PDF Position Specification - president.cornell.edu Miranda will manage Cornell's $6 billion investment portfolio and lead the Office of University Investments, starting July 1. Edwards has spent eight years at the $6 billion endowment, first joining as a senior investment officer. The EVP is the chief financial and administrative officer responsible for directing the services in support of the academic mission. Cornell University Office of Investments There are circumstances in which it may be necessary to transfer expenditures to or from a sponsored account subsequent to the initial recording of the charge in the general ledger, Cornell University provides advances of cash or other resources in limited circumstances to meet the business needs of the institution. Jackie Wandell serves as the Executive Assistant to the Vice President and Chief Risk Officer, Aditya Misra. . Michael Abbott, Cornell's chief investment officer, stepped down on Sunday, according to Vice President for University Communications Tommy Bruce.The reason for Abbott's departure remains . Cornell University funds may be used for ordinary, reasonable, and actual business-related expenses incurred in furtherance of the university's missions. Chief investment officer announces he will leave Cornell %PDF-1.6 % The campaign, launched in June 2021, will enable Weill Cornell Medicine to invest in all three parts of its mission, which includes a precision health enterprise, updated biomedical research space and a new student residence. Cornell Endowment CIO to Depart | Chief Investment Officer Edwards to step down. Chief Investment Officer Michael Abbott steps down | University The EVP is the chief financial and administrative officer responsible for directing theservices in support of the academic mission. Senior Investment Officer: Sean Graham Senior Investment Officer, Operations (Head of Operations) Mihir Meswani Senior Investment Officer: Anthony Thai, CFA Senior Investment Officer: Roger B. Vincent Jr. Senior Investment Officer: Sean Olesen, CFA, CAIA Investment Officer: Andrew Park, CFA, FRM Investment Officer Young Cho, CFA - Chief Financial Officer - Swirlds Labs - LinkedIn It is an honor and privilege to contribute to the role of the endowment in supporting students, faculty research and scholarship at this world-class research institution., Many of his family members have worked in academia, he added. %PDF-1.7 The Investment Office's well-established senior leadership team will manage the office in the interim until a new chief investment officer is named. He will continue to grow Weill Cornell Medicines economic relationship with its clinical partner NewYork-Presbyterian, the bond between them immeasurably stronger amid the COVID-19 pandemic. The minimum investment amount for an FFE is $100,000. Currently, senior investment officers Cody Danks Burke and Roger Vincent are serving as interim co-CIOs. Chief Investment Officer Abruptly Steps Down - The Cornell Daily Sun Cornell University acquires, records, inventories, maintains, and disposes of capital assets. The effectiveness of this effort is dependent on the development of periodic review of comprehensive plans. Miranda will report to trustee Donald Opatrny 74, chair of the Investment Committee, and Joanne DeStefano, Cornells executive vice president and chief financial officer. In the unlikely event that a unit must ask the university to establish and maintain a separate account, the university requires the unit to institute, The university will accommodate those full- and part-time employees with valid business needs for mobile communication devices by issuing university-owned mobile communication devices. Ykf@xPYfXLZwbdcIYFi9}"wi/s1?|Lm:'rvo(VzXjs*EPK .6wi@Zz20T3C|21_geikG; 0d+G{ U*:4xc6J(X=&~E||EsJ}:l:D6hau(?sRZOF_S^ 1300 York AvenueBox 314 *Y1M/O[5hi%H S`nm_,FWs ?=&^Vjz*TNs`a'4 ],*s:S^,L+\cuSF{pr_SyaBsKMbe[x\RXX+dEx-aeI>nXW*TV hbbd```b``SA$S:X$L`x& f`!dVSf7@fU#d$;>f`bd`b``$ > All inquiries and materials will be held in confidence. <> A key component to the institutions long-term growth centers on increasing its clinical footprint in New York. March 2021 Quarterly Report. Report this profile Report Report. Under Walsh's tenure, Cornell's endowment successfully avoided many of the liquidity problems that affected those of its peers last year. Get Cornell news delivered right to your inbox. The Office of University Investments implements policies established by the board of trustees and its Investment Committee. At such times, the university has a prescribed method for evaluation and communication of these changes to university staff, faculty, and students. He currently serves as a member of the Food and Agriculture Organizations advisory committee on investments. Cornell University hiring Executive Vice President and Chief Financial Executive Vice President and CFO - Cornell University Cornell University funds may be used for ordinary, reasonable, and necessary business-related travel expenses incurred in furtherance of the university's missions. Policy Number: 3.24. "Cornell is a wonderful place. l[c.2HK@)'W@]!$xB8K@! Executive Vice President and Chief Financial Officer At the same time Im very focused on managing the risk and the downside protection of the portfolio through quantitative techniques.. hb``` r@(JQ(*rwA He is the third CIO to resign in the last six years. hT[o0+~TuvB Cornell University expects its units to maintain accurate and complete inventories of their space, through the procedures contained herein. The university permits the use of its property and facilities for collaboration with industry or community, where such use is consistent with the universitys mission, Cornell University prohibits any form of retaliation, intimidation, harassment, or adverse employment action against any trustee, officer, employee, former employee, independent contractor, agent, or volunteer of the university for disclosing or threatening to disclose any conduct that they have a, Cost sharing must be proposed, approved, administered, and accounted for in a consistent and prudent manner. A university device must be authorized by a dean or vice president, and must be purchased and serviced under the. CU Foundation Funds Cornell University Archives | Chief Investment Officer Cornell University. =^"-g$#B#\#=K&&_4I|w|\SqR:rKWayH!oyC*YS$ww`%Z.Ds*D PDF Standards of Ethical Conduct and Chief Financial Officer Executive Vice President and Chief Financial Officer The EVP is the chief . Woq\:mx$CWz wB(q30Sg`#_l Of%YeJ{ k `lX}VIIz/R{CmRtb9/|q{jK#^nbSK\eK)1Fzx$s}6#(p$ -Dwt"-c:\Z`$5WYwQp;2*i^,ZfblJw#C:I 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. 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. Here are the highlights: Endowment growth Im thrilled hes joining my senior leadership team and look forward to continuing to work closely with him as we realize our vision for Weill Cornell Medicines long-term growth and success., Im honored to serve Weill Cornell Medicine as its chief financial officer, Puccino said. Executive Vice President and Chief Financial Officer | Cornell A recognized leader in the community development finance industry, Rafael E. Cestero brings more than 30 years of experience in tackling the most pressing housing challenges cities across the nation are facing. Cornell University2023University PrivacyWeb Accessibility Assistance. Kelly E. Cunningham Chief of Staff and Special Counsel to the President Joanne M. DeStefano Executive Vice President and Chief Financial Officer Ryan T. Lombardi Vice President for Student and Campus Life Christine D. Lovely Vice President and Chief Human Resources Officer Joel M. Malina Vice President for University Relations Kenneth M. Miranda Back Submit. Search for Executive Vice President and Chief Financial Officer Choi, the Stephen and Suzanne Weiss Dean of Weill Cornell Medicine. Cornell University Office of Investments About the Investment Office The Investment Office is responsible for implementing policies established by the University Board of Trustees and its Investment Committee. Nationally, she is a member of the National Association of College and University Business Officers (NACUBO), and has held board of director positions with the Kuali Foundation and the Council on Governmental Relations (COGR).