Rosalind M. Hewsenian was named deputy chief investment officer of the $3 billion Leona M. and Harry B. Helmsley Charitable Trust, New York.
The position is new.
In a telephone interview, Ms. Hewsenian said she joined earlier this month as part of an evolving effort by Linda B. Strumpf, chief investment officer and chairman of the trust's investment committee, to set up an internal investment office.
Ms. Hewsenian said she eventually will take over as CIO, pending final approval by the trustees, and Ms. Strumpf will remain chairman of the investment committee. The timetable for those moves has not been set.
Ms. Hewsenian was CEO of New York-based international equity boutique Clay Finlay, which was closed by parent company Old Mutual Asset Management in July 2009. Prior to that, Ms. Hewsenian served in senior executive capacities with investment consulting firm Wilshire Associates, including as lead consultant to the $213.3 billion California Public Employees' Retirement System, Sacramento.
For the past eight months or so, Ms. Hewsenian joked that she has been engaging in “unbridled frivolity and decadence.”