Kathleen Jacobs has been appointed chief investment officer at RWJBarnabas Health, a West Orange, N.J.-based academic healthcare system, effective Jan. 9.
Eileen Urban had been CIO prior to her retirement, a spokesperson for RWJBarnabas said.
Jacobs will direct the investment strategy for the $8 billion health system and report to Frank Pipas, executive vice president and chief financial officer of RWJBarnabas Health, said a Nov. 20 news release.
Her responsibilities will include RWJBarnabas Health's long-term investment portfolio, short-term capital reserve portfolio, foundation portfolios and endowments as well as the system's ERISA plan assets, which include employee retirement plans.
Jacobs resigned Sept. 30 as CIO of the New York University Endowment Fund, after having served in that role for eight years. The NYU endowment had $5.3 billion in assets as of Aug. 31, 2022, the most recent data available.
According to the NYU website, the position of endowment CIO is currently vacant. NYU could not be immediately reached for further details.