Brown University, Providence, has reorganized its leadership roles within its investment office, confirmed university spokesman Brian Clark in an email.
Jane Dietze was named vice president and chief investment officer. Effective July 1, she replaced Joseph Dowling III, who was named CEO of the university's investment office, a new position.
The new appointments have been made to follow the approach that many other investment offices take where the CEO develops new investment opportunities while the CIO manages existing investments, said university trustee Robert Goodman, who chairs the investment committee, in a news release.
"The complexity and scope of the requirements of the role of chief investment officer for Brown have continued to grow," Mr. Goodman added. "We recognized an opportunity to separate the core executive and investment functions into two complementary roles, and this will truly optimize the … talent in the investment office."
Mr. Dowling will oversee the development of new partnerships for the investment office, cultivate investment opportunities for Brown and help the university as it makes key strategic projects.
Ms. Dietze is responsible for overseeing the operations of the university's investment office and the investment activities of Brown's $3.7 billion endowment. She will also lead Brown's capital allocation and investment process. She will report to Mr. Dowling.
Ms. Dietze was a managing director within the investment office. Joshua Kennedy, investment director, will become the investment office's managing director.
Mr. Dowling has been Brown's CIO since June 2013. Ms. Dietze joined the investment office as managing director later that year.