Muthu Muthiah was named chief investment officer of the $1.9 billion Group Health Foundation, Seattle, said Nichole June Maher, the foundation's president and CEO.
Mr. Muthiah will be the first CIO for the foundation, which consists of two entities, according to its website. Nearly all of its assets are part of the Group Health Community Foundation, which was funded from the proceeds of Kaiser Permanente's acquisition of non-profit health-care company Group Health Cooperative. The cooperative's existing foundation, Group Health Foundation, founded in 1983, has $16 million in assets. Mr. Muthiah will join the foundation July 8, Ms. Maher said.
Mr. Muthiah was previously managing director at Emory Investment Management, which oversees the $7 billion endowment of Emory University, Atlanta. University spokeswoman Elaine Justice could not immediately provide further information.
