RWJ Barnabas Health Inc., the largest health care system in New Jersey, has appointed Kathleen Jacobs as its new CIO, the system announced Monday. Jacobs will oversee the investment strategy of the $8 billion system and will start on January 9, 2024.
The announcement comes less than six weeks after the September 29 news that Jacobs, who had overseen the $5.3 billion New York University Endowment Fund for eight years, was leaving to accept another position.
At RWJBarnabas, Jacobs will oversee the management of the long-term investment portfolio, short-term capital reserve portfolio, foundation portfolios and endowments, and the system’s ERISA plan assets, according to the press release.
“As RWJBarnabas Health continues to grow and establish its ever-increasing role as an anchor institution in New Jersey, Kathleen will help us ensure our longevity and ability to continue increasing access to excellent health care,” said Frank Pipas, the RWJBarnabas executive vice president and chief financial officer, to whom Jacobs will report. “Her background and expertise are uniquely suited to fulfill the needs of this new position, which will evolve over time as our system continues to expand.”
Prior to her work at NYU, Jacobs was a managing director of investments at New York-Presbyterian Hospital and was a senior investor at the endowment of the Juilliard School. Jacobs earned a bachelor’s degree in business administration from Bucknell University.
RWJBarnabas Health is the largest health care system in New Jersey. The system is one of the largest employers in New Jersey, with 38,000 employees and 9,000 physicians. It was formed in 2016 from the merger of the Saint Barnabas Health Care System and the Robert Wood Johnson Health System.
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Tags: CIO, Frank Pipas, healthcare, Kathleen Jacobs, RWJBarnabas