Colin Pan was promoted to chief investment officer of Partners Capital Investment Group.
He assumed the role from Stan Miranda, who is relinquishing those duties to concentrate on his other role as CEO, a news release said.
Mr. Pan, a partner, also will retain his duties as head of manager research for the investment outsourcer and won’t be replaced.
"In order to advance our firm's leadership position in the outsourced investment advisory space, we have taken a number of steps to further expand and diversify our senior management team," Mr. Miranda said in the news release. With the separation of the CEO and CEO positions, Mr. Miranda will focus on leading operations and will continue to chair the Partners Capital's investment committee and remain involved in money manager selection.
Partners Capital manages about $17 billion for an institutional client base primarily made endowments and foundations.