Stuart Mason, associate vice president and chief investment officer at the University of Minnesota, plans to retire in early 2024.
In a message posted to his Linkedin account on Oct. 4, Mason wrote: "I just celebrated 21 years since forming the Office of Investments & Banking at the University of (Minnesota)," and added "(It's) been a great run, but I've recently made the decision to retire, and am actively working with senior officials to transition from my role as CIO and move on to other adventures in the early months of 2024."
According to his LinkedIn profile, Mason began his tenure as CIO at the university in October 2002.
The Office of Investments & Banking manages a consolidated endowment fund with $2.2 billion in assets, according to the university website. The office also has ancillary functions, including management of the university's retirement plans, which have about $6.7 billion in assets, according to the website.
Mason confirmed the LinkedIn post is accurate. "The University is carrying out a search process currently and hopes to name my successor before the end of the year," he added. "I plan to stay on for (two or three) months after that person is appointed to ensure a smooth transition of relationships and business continuity."
The Office of Investments & Banking could be immediately reached for further details.