Under Frier's leadership, HP was one of the first companies to fully immunize its U.S.-defined benefit plan, moving entirely out of public equities near the stock market peak in 2007 and into fixed-income assets with an interest rate swaps overlay. As vice president of corporate treasury at HP from 2000 to 2008, Frier helped raise more than $14 billion of funding in the term debt market, managed more than $30 billion in share repurchase spending (including three large structured transactions) and executed more than $100 billion per year of derivatives transactions. Prior CFO/Finance roles include: CFO for the Stanford Management Company (the University’s endowment), CFO of Charles Schwab’s Capital Markets, RIA Trading/Custody, and Asset Management Groups, Goldman Sachs Equity Trading, Barclays Global Investors, and Hewlett Packard. No Reproduction Without Prior Authorizations. Before Disney, Frier spent two years as international treasurer of Oracle Corporation and four years as a financial consultant with Arthur Young & Company. Newsmakers October 9, 2017 Chief Investment Officer, Stanford University Endowment Stanford University - Stanford Management Company. John Powers, Former CEO of Stanford Management Company, Dies at 67, Liking Gold’s Ascent? The Endowment and other gifts to the University support the academic mission. ... President, Rice Management Company and Chief Investment Officer. Stanford recently announced it has been searching for a replacement CIO since last October. Robert F. Wallace, chief executive officer and chief investment officer of Alta Advisers, a London-based private investment firm, has been named president and chief executive officer of the Stanford Management Company (SMC). Powers was the former President and CEO for Stanford Management Company, the entity that manages the endowment for Stanford University. Stanford Management is an equal opportunity provider and employer. Career Opportunities. The CIO Council is comprised of the senior-most technical leaders from Stanford schools and units. 635 Knight Way Stanford, CA 94305-7297 (650) 721-2200. Prior to joining HP, Frier was chief financial officer of firstsource.com, a business-to-business e-commerce company, from 1999 to 2000. “We have benefited greatly from John’s efforts and from his steady direction during the financial crisis of 2008-2009,” then-Stanford University President John Hennessy said when Powers announced his decision to step down in November 2014. His cause of death was not disclosed. The single-family office manages the fortune of Swedish billionaire Hans Rausing, whose father founded food packing company Tetra Pak. At HP since 2000, Frier previously was responsible for corporate finance and foreign exchange. For General Information. "Today's demanding markets require creative thinking, strong risk management, and close coordination across investment disciplines. Powers’ family said donations may be made in his honor to Stanford University. 2005 – 2008 3 years. Stanford Management Company (SMC) is the office within Stanford University that invests the Endowment and other financial assets to provide long-term support to the University. Just Wait for the Plunge, Study Warns, 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Now retired, Laurie co-founded Anderson Hoagland before becoming the first CEO of the Stanford Management Company in 1991, charged with managing the Stanford University endowment. The announcement threw SMC into crisis. To file a complaint of discrimination, write to: USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C., 20250-9410, or call 1-800-795-3272 (voice) or 202-720-6382 (TDD). Stanford Management Company (SMC) is the office within Stanford University that invests the Endowment and other financial assets to provide long-term support to the University. Established in 1974, Harvard Management Company invests these funds as a single entity, the revenue from which contributes more than one-third of the University’s annual operating budget. Lisa Lapin, Stanford News Service: (650) 725-5456, [email protected], A publication of Stanford's Office of University Communications, © Stanford University. He also spent nine years in the treasury group of the Walt Disney Company, where he was in charge of financial risk management and the investment of $3 billion in pension fund assets. The other co-chair is a standing member from a school or unit outside of University IT, and serves a one-year rotational term. He is a member of the CFA Society of San Francisco and serves on the board of directors of the Global Commercial Microfinance Consortium. Frier received a bachelor's degree in mathematics and computer science with honors from the University of North Carolina-Chapel Hill, and his Stanford MBA in 1984. Zhang had no way of predicting the event that would kick off a decade of turmoil at SMC (Stanford Management Company): On January 9, 2006, the fund’s leadership quit en masse. Home; What … The Council is co-chaired. Powers managed the endowment from June 2006 to 2015 – through the rough waters of the global financial crisis of 2008. Just Wait for the Plunge, Study Warns, Why Smith College Is Moving Its Endowment In-House, Private Equity Goes on a Warehouse Buying Binge. To file a complaint of discrimination, write to: USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C., 20250-9410, or call 1-800-795-3272 (voice) or 202-720-6382 (TDD). Deepika has 5 jobs listed on their profile. No McCaffery meant no China office, at least until a new leader approved it. Learn how Stanford Health Care brings together leading-edge technology, innovative research, and world-renowned experts to meet your unique needs. The University has enlisted the help of David Barrett Partners LLC, a New York company … Anderson, Hoagland & Company is a federally registered investment advisor serving individuals, trusts, corporations and tax-exempt organizations. CEO Mike McCaffery, CIO Mike Ross, and private equity chief Dave Burke were leaving Stanford to launch Makena Capital—an outsourced-CIO (OCIO) shop—across from SMC on Sand Hill Road, the artery at the heart of Silicon Valley. Eric Yablonka Chief Information Officer and Associate Dean The Stanford CIO serves as a permanent co-chair. Frier has an MBA from the Stanford University Graduate School of Business, where he was named an Arjay Miller Scholar. Stanford Management, LLC P.O. John Francis Powers died at the age of 67 on July 13, 2020. Harvard’s endowment is a dedicated and permanent source of funding that maintains the teaching and research mission of the University. Ken brings great strengths in all these areas, and I am excited to partner with him in the leadership of Stanford Management Company," said John Powers, president and chief executive officer of SMC. The comprehensive CIO search was led by David Barrett Partners of New York and London. Stanford Management Company. As HP's investment chief, Frier was in charge of more than $30 billion of retirement plan assets. ... Vice President, Transitional Planning and Strategic Space Management/General Services. All but a handful of Stanford’s investment staffers have lost their jobs under new CEO Robert Wallace, CIO has learned. Robert F. Wallace, chief executive officer and chief investment officer of Alta Advisers, a London-based private investment firm, has been named president and chief executive officer of the Stanford Management Company (SMC). www.ai-CIO.com | June 2015 Art by John Cuneo / johncuneo.com REPRINTED FROM CIO June 2015 Robert Wallace, CEO, Stanford Management Company Greg Williamson, CIO, American Red Cross Foundation Jagdeep Bachher, CIO, University of California Regents Stanford reported five- and 10-year annualized returns of 7.1% and 9.3%, respectively, outperforming the median endowment’s returns of 5% and 7.4%, respectively, over the same time periods. Wallace will succeed John Powers, who announced last fall that he would be leaving his post after nine years at the helm. View openings and apply at: View Current Job Openings. Lee’s most recent role was COO/CFO at PENSCO Trust Company. Kenneth Frier, chief investment officer of the Hewlett-Packard Company, has been appointed chief investment officer of the Stanford Management Company (SMC). Including other assets, Stanford Management oversees a total of $25 billion. Frier will assume his new position in September. "I am delighted that Kristin will be joining Penn as chief investment officer," said President Amy Gutmann. Register domain GoDaddy.com, LLC store at supplier Liquid Web, L.L.C with ip address 69.16.249.89 Ex-Stanford CEO John Powers Joins Credit Suisse, Stanford CEO Dismisses Majority of Investment Team, Tags: CEO, John Powers, memorial, Stanford Management Company, Stanford University, « Liking Gold’s Ascent? Stanford Management is an equal opportunity provider and employer. At Stanford Management Company, Ms. Gilbertson was responsible for the public equity and long/short portfolios for Stanford University's $9.8 billion endowment. As CIO … John Powers, who was president and CEO of Stanford Management Company from 2006 to 2015, died July 13 at the age of 67, according to an online memorial held in his honor. A free inside look at Stanford Management Company salary trends based on 7 salaries wages for 7 jobs at Stanford Management Company. CIEBA Selects New Chair and Increases Membership Despite COVID-19, Court Rules Pensions Can’t Exist in a State of Limbo. Stanford Management Company. Salaries posted anonymously by Stanford Management Company employees. Eduassets.com Creation Date: 2011-02-15 | 121 days left. John Powers, Former CEO of Stanford Management Company, Dies at 67 He helped grow the university’s endowment by nearly $10 billion over nine years. View Deepika Srivastava’s profile on LinkedIn, the world’s largest professional community. The Endowment and other gifts to the University support the academic mission. SMC’s job opportunities are posted on the Stanford Careers website. He had a Master of Business Administration from the Stanford Graduate School of Business and a bachelor’s degree from Cornell University. Copyright ©2020 Asset International, Inc. All Rights Reserved. Property Address City Zip […] In addition to heading SMC, Powers taught courses on finance and private equity at the Stanford Graduate School of Business. Stanford, California 94305. As CIO of HP since 2007, Frier's global responsibilities include the investment of more than $30 billion of retirement plan assets for HP and its foreign subsidiaries. Stratford Management A professional community management company locally owned and operated in Tucson, Arizona. Will the Wheels Come Off the Market in 5 Years? Powers was named CEO and president of Stanford Management Company (SMC) in June 2006, and helped grow the university’s endowment from $12 billion to approximately $21.4 billion. Wallace will succeed John Powers, who announced last fall that he would be leaving his post after nine years at the helm. As CIO of HP since 2007, Frier's global responsibilities include the investment of more than $30 billion of retirement plan assets for HP and its foreign subsidiaries. Ken Frier Kenneth Frier, chief investment officer of the Hewlett-Packard Company, has been appointed chief investment officer of the Stanford Management Company (SMC). Get in touch Name Phone Email Message GDPR Agreement I consent to having this website store my submitted information Submit Contact us to get your community estimate We provide accounting, financial, ARC, and other property management services. Kenneth Frier, chief investment officer of the Hewlett-Packard Company, has been appointed chief investment officer of the Stanford Management Company (SMC). Stanford said that puts the school in the top 10% of its peer universe. Box 3879 Portland, ME 04101 Local 207-772-3399 TollFree 844-445-7039 Fax 1-866-224-2812 To file a complaint of discrimination, write to: USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C., 20250-9410, or call 1-800-795-3272 (voice) or 202-720-6382 (TDD). Stanford Management is an equal opportunity provider and employer. John Powers, who was president and CEO of Stanford Management Company from 2006 to 2015, died July 13 at the age of 67, according to an online memorial held in his honor. Copyright Complaints Trademark Notice. John Powers, Former CEO of Stanford Management Company, Dies at 67 He helped grow the university’s endowment by nearly $10 billion over nine years. Frier will oversee investment strategy at SMC, a division of Stanford responsible for managing the university's financial and real estate assets. Before joining Stanford, Powers was managing director and the director of research at Offit Hall Capital Management. This past October, University CFO Randy Livingston announced the formation of the Office of the Chief Information Officer (OCIO), uniting the leadership of the three central IT units at Stanford (Administrative Systems, Information Technology Services, and the Information Security Office). In his new role, he'll oversee management of the university's financial and real estate assets. He was credited with bringing the endowment back from the depths of the financial crisis during the last five years of his tenure when SMC’s merged investment pool returned 13.1% compounded annually. He will be responsible for the university's merged pool of investment assets, which was $14.5 billion as of June 30, 2009, including its endowment. Robert Wallace, CEO, Stanford Management Company The Stanford Management Company’s (SMC) new CEO has dismissed the majority of the endowment’s investment staff, according to five people with knowledge of the situation. "I'm thrilled to be returning to Stanford and eager to make a contribution to the success of the endowment and the mission of the university," he said. Wheels Come Off the Market in 5 years managing director and the director of research at Hall... Management/General Services one-year rotational term one-year rotational term Stanford ’ s investment staffers have lost their jobs new... T Exist in a State of Limbo across investment disciplines research, and experts. 67, Liking Gold ’ s most recent role was COO/CFO at Trust... Corporations and tax-exempt organizations prior to joining HP, Frier previously was responsible for corporate finance and foreign exchange,... 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