Tim Donohue, managing director at Columbia Investment Management Company, was promoted to chief investment officer this week.
Donohue is replacing Peter Holland, who was appointed chief executive officer in September following N.P. “Narv” Narvekar’s departure to manage Harvard’s $35.6 billion endowment. The promotion continues Columbia’s trend of looking internally to fill IMC positions.
Donohue takes the position following a year of volatile global markets, which has taken a toll on university endowments across the country. Columbia’s $9 billion endowment posted a 0.9 percent loss in October, though this was a smaller loss than that of most peer institutions.
Before coming to Columbia in 2008, Donohue was a partner at the management consulting firm Booz Allen Hamilton, where he focused on corporate and business unit strategy.