Amy C. Falls was named vice president and chief investment officer at Northwestern University, confirmed university spokeswoman Kayla Stoner.
Ms. Falls will oversee the Evanston, Ill.-based university's $12.2 billion long-term pool of endowment assets. She will replace William H. McLean, who left the university in October to become president and chief investment officer of Spider Management Co., which oversees the $2.4 billion endowment for the University of Richmond. Mr. McLean joined the Richmond, Va.-based company effective Jan. 1.
Ms. Falls will join the university sometime in the spring. She is currently CIO of The Rockefeller University, New York, where she oversees the money management of its $2.3 billion endowment. She could not be immediately reached for further information.
Northwestern's team of managing directors in its investment office have taken on Mr. McLean's responsibilities on an interim basis. They are Peter A. Belytschko, managing director, absolute return; Tadd H. Chessen managing director, marketable investments; and Harisha Koneru Haigh and Neil Shah, both managing directors, private investments and real assets.
