Paula Volent was named vice president and chief investment officer of The Rockefeller University, New York, where she will oversee the management of its $2.3 billion endowment.
She will join the university on Aug. 15, spokeswoman Katherine Fenz said in an email.
Ms. Volent is currently CIO at Bowdoin College. In February, she announced her intention to leave the Brunswick, Maine-based college on June 30. She has overseen the money management of that college's $1.8 billion endowment since the summer of 2000.
Bowdoin College has named K. Niles Bryant, its director of investments, as her replacement effective July 1.
Amy C. Falls, Rockefeller University's current vice president and CIO, was named on Feb. 19 as the new vice president and CIO at Northwestern University, where she will begin overseeing the Evanston, Ill.-based university's $12.2 billion long-term pool of endowment assets sometime in the spring.
At Northwestern, she will replace William H. McLean, who left Northwestern 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.
Ms. Fenz said Ms. Falls intends to stay with Rockefeller University until "well into the spring," and the university doesn't plan on naming an interim CIO.