Sarah Samuels was named managing director within Wellesley College's investment team, confirmed Wellesley spokeswoman Debra Daigle.
She replaces Kathleen Browne, who is now chief investment officer at Denison University, Granville, Ohio, overseeing its $716 million endowment.
Ms. Samuels will be part of the senior team that manages Wellesley's $1.8 billion endowment. She will report to CIO Debby Kuenstner.
Ms. Samuels was deputy CIO of the $67 billion Massachusetts Pension Reserves Investment Management Board, Boston. She was replaced by David Gurtz, chief operating officer and chief financial officer, according to an internal memo from Michael G. Trotsky, MassPRIM executive director and CIO.
Mr. Gurtz will continue to serve as COO and CFO while the MassPRIM board seeks a permanent replacement for him in these positions.