Frank Tessier was named chief investment officer of Santa Clara University in California, according to a Jan. 28 news release.
Overseeing the Jesuit university’s $1.55 billion endowment, Tessier will be responsible for designing and applying investment strategies.
Tessier has worked at Santa Clara’s investment office as an investment director since 2021. Lisa Robinson, associate director of communications at the university, could not be immediately reached for more information.
“I am deeply honored to be selected as Santa Clara University’s next CIO,” Tessier said in the release. “As someone who is passionate about Jesuit education and its mission to shape ethical leaders for a better world, I am inspired by the values and vision that guide this incredible institution.”
Prior to joining Santa Clara, he worked as a senior portfolio manager at Radar Partners, a Palo Alto-based venture capital firm.
Tessier will succeed John Kerrigan, who will retire at the end of the academic year.
Kerrigan began as CIO in 2002, when the endowment had $425 million in assets. He will continue to work in the investment office in an advisory role and “ensure a smooth transition of duties,” the release noted.
