Mark Baumgartner appointed CEO, CIO of University of Florida Endowment

Mark Baumgartner

The University of Florida announced Wednesday that Mark Baumgartner will be appointed as CEO and CIO of the university’s $6 billion endowment, effective January 2025.

Bill Reeser, who has been CEO and CIO of the Gainesville, Florida-based University of Florida Investment Corp. since 2014, will retire at the end of the year.

“Mark Baumgartner’s decades of experience in investments make him an excellent choice to lead UFICO,” University of Florida Interim President Kent Fuchs said in a statement. “He is well known in the industry, and I am confident he will provide the steady and assured guidance that is needed in such an important position.”

Baumgartner, the winner in the endowments category at the 2019 CIO Industry Innovation Awards in his role as CIO of the Institute for Advanced Study, was appointed as CIO of the Dalio Family Office last year and had been CIO of the Carnegie Corp. of New York from 2020 to 2023.

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Baumgartner will be returning to his alma mater, having earned a bachelor of science degree in aerospace engineering. He also holds a Ph.D. in mechanical and aerospace engineering from Princeton University.

“I’m thrilled to be returning to my hometown to serve my undergraduate alma mater and look forward to supporting the incredible growth trajectory the University of Florida has been on for many years to come,” Baumgartner said in a statement.