Chief Investment Officer to leave Univ
by Rebecca Klein
Editorial assistant
News | 11/18/08
Posted online at 3:05 AM EST on 11/18/08
/ Last updated at 5:30 AM EST on 11/18/08
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Kuenstner started at Brandeis at the beginning of 2007 as chief investment officer, after the "Investment Committee and Administration decided that the size and sophistication of the [University's investment] portfolio called for a dedicated in-house investment team," Executive Vice President and Chief Operating Officer Peter French told the Justice by e-mail.
"Debby joined Brandeis to build our investment office, which she accomplished, hiring an excellent team," French wrote in an e-mail to the Justice.
Wellesley began its search for a new chief investment officer last March after Wellesley's former Chief Investment Officer Jane Mendillo announced that she was leaving the school to head Harvard's endowment, Kuenstner explained.
Kuenstner attended Wellesley College as an undergraduate and said that was part of her motivation for wanting to work there.
"Brandeis is a great place; there is a fabulous investment committee here. I built a great team, but Wellesley is my place-it's my school," she said.
Kuenster said that she is going to continue her duties as chief investment officer at Brandeis until February and will remain available to the Student Union's new Committee on Endowment Ethics and Responsibility if it comes to her with questions.
The purpose of the committee, whose members are currently being selected, is to research and make recommendations to the Board of Trustees with regard to targeted divestment, new investment, changes in investment levels and shareholder resolutions. Committee members were supposed to meet with Kuenstner if they had questions about investment recommendations.
"I made the offer, and it still stands," Kuenstner said.
Student Union President Jason Gray '10 said that CEER was going to continue to move ahead as planned.
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