William Lee was named chief investment officer of NewYork-Presbyterian, effective June 1, the health-care services provider announced Thursday.
Mr. Lee will succeed Gloria Reeg, who will retire at year-end. Ms. Reeg said in an interview that there will be a “period of transition” in which she will work with Mr. Lee to administer the $7 billion in pension, endowment and other long-term capital assets for NewYork-Presbyterian, a provider of hospital, ambulatory care, community care and physician services.
Mr. Lee “has an outstanding track record of fostering financial stability in health care and other fields,” said Steven Corwin, president and CEO of NewYork-Presbyterian, in a news release.
Mr. Lee has been CIO and vice president of foundation and pension fund investments at Kaiser Permanente, Oakland, Calif.
Kaiser Permanente has $71 billion in pension fund and endowment assets, said Marc Brown, a Kaiser Permanente spokesman, in an e-mail.
He added that Mr. Lee’s last day at Kaiser will be May 24. “We will conduct a search for a replacement and have an interim transition plan in place,” he wrote.