Kim Lew has been named president and chief executive officer of the Columbia Investment Management Co., which manages the $11 billion Columbia University endowment, the university announced Thursday.
Ms. Lew, who starts work Nov. 2, replaces Peter Holland, who announced in January that he planned to retire effective Sept. 30.
Ms. Lew is vice president and chief investment officer at the Carnegie Corporation of New York.
“In a career that has spanned three decades, Ms. Lew has established herself as a thoughtful and innovative investor with an immersive approach that yields impressive results,” Lee C. Bollinger, the university president, wrote in an email to university members, according to a notice posted Thursday on the university’s website. “We could not be more pleased with this outcome.”
Ms. Lew joined the Carnegie Corporation of New York in 2007, as director of investments and managing private equity investments, according to the Columbia University website.
She later became vice president and co-chief investment officer and was named vice president and chief investment officer in 2016, the website said.
“We commend Columbia University for its wisdom in recruiting Kim Lew,” said Vartan Gregorian, president of the Carnegie Corporation of New York, in a statement issued Thursday by the organization whose endowment is $3.5 billion. “She has been an outstanding chief investment officer, an invaluable colleague and an integral part of the foundation’s mission, playing an important role in its central administration and strategic program decisions.”
The organization didn’t comment about a search for a successor or who might serve in an interim CIO role.