Bruce S. MacDonald was named chief investment officer of VCU Investment Management Co., spokesman Lucas Hall said in an email.
Mr. MacDonald will replace Nancy Everett, who will remain CEO, Mr. Hall said.
Ms. Everett has been both CEO and CIO of the investment management company since its formation in 2015 to manage the assets of Virginia Commonwealth University, Richmond, and its affiliated entities, which includes endowment assets.
As of May 31, the company had $1.9 billion in assets under management, Mr. Hall said.
Mr. MacDonald has been deputy CIO of VCU Investment Management Co. since its inception. Mr. Hall could not be immediately reached for further information on that position.
