David McAuliffe was named president and chief investment officer of Berkeley Endowment Management Co., effective Dec. 1, said spokesman Jose Rodriguez in an email.
Mr. McAuliffe replaces John-Austin Saviano, who left BEMCO in the spring to start his own investment advisory firm.
Nicholas Werner, director of investments, has been serving as CIO in the interim.
Previously, Mr. McAuliffe was a senior investment officer at the University of Washington Investment Management Co., which manages the Seattle-based university's approximately $3 billion consolidated endowment fund. Keith Ferguson, chief investment officer, could not immediately be reached for information on a replacement.
Berkeley Endowment Management Co. was formed in 2009 to manage the UC Berkeley Foundation endowment — a portion of the university's total endowment. Mr. Saviano was BEMCO's first president and CIO.
Of the university's $4.3 billion total endowment, $1.8 billion is currently managed by BEMCO. The remaining $2.5 billion is overseen by the University of California Board of Regents, Oakland.
For the fiscal year ended June 30, the portion of the endowment that BEMCO manages returned 13.1%. No further information was provided.
Executive search firm Russell Reynolds Associates assisted with the search.