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. https://www.rwjf.org/en/about-rwjf/job-opportunities/chief-investment-officer.html.