Peng Wang has been named chief investment officer of Group Health Foundation, Seattle, effective Dec. 1.
Mr. Wang has served as the foundation's interim chief investment officer since March, when the former CIO, Muthu Muthiah, left to become the CIO of Children's Healthcare of Atlanta, according to a news release Tuesday.
Diana Huynh, a spokeswoman for GHF, said in an email that Mr. Wang also will serve as CIO of GHF's recently formed wholly owned subsidiary, Inatai Investment Management Co., which manages the foundation's $2 billion in assets and plans to offer management services to other organizations.
Mr. Wang also formerly served as the foundation's managing director of investments. However, Ms. Huynh noted that "with Peng stepping into the CIO role officially, we currently do not have a managing director of investments."
“At this time we are still thinking through how to move forward with the managing director role,” the spokeswoman said.
Mr. Wang will report to Nichole June Maher, GHF's president and CEO, the spokeswoman added.
GHF is a 501(c)(4) grant-making organization serving the state of Washington, the release said.
