New York-Presbyterian CIO to Retire | Chief Investment Officer

gloriareeg Gloria Reeg, CIO of the New York-Presbyterian Hospital, will retire at the end of 2016, the hospital has confirmed.

Reeg joined New York-Presbyterian in 2007 to oversee its $5 billion investment portfolio, which includes both endowment and retirement assets. The hospital is currently recruiting a new CIO to succeed her.

While CIO, Reeg has served as chairperson of the hospital’s defined contribution investment committee, as well as chair of the investment advisory subcommittee for MCIC, a joint venture offshore insurance company.

Reeg’s tenure as an investment professional includes serving as global head of fixed income at Principal Global Investors and global head of consulting at Russell Investment Group. Prior to joining New York-Presbyterian, she was the treasurer and chairman of the investment committee for the Casey Family Programs foundation.

Want the latest institutional investment industry news and insights? Sign up for CIO newsletters. 

Last year, the New York-Presbyterian investment office’s managing director, Kathleen Jacobs, left the fund to serve as CIO of New York University.

“I look forward to doing my part through the management of the endowment to help NYU sustain its academic momentum and global reputation for excellence,” she said in a statement at the time.

Sherwood_Dodge Sherwood DodgeThe Abu Dhabi Investment Authority (ADIA) has tapped a new global head of private equities.

Sherwood Dodge, a former GE executive, will join the estimated $770 billion sovereign fund immediately, ADIA said.

In his new position, Dodge will oversee the private equity program—including mandates in private equity funds, primary and secondary investments, and private credit—and make investment recommendations to the investment committee.

The new chief will report to Hamad Shahwan Al Dhaheri, ADIA’s executive director for private equity.

For more stories like this, sign up for the CIO Alert newsletter. 

“With a distinguished career in private equity investing around the world, Sherwood is a valuable addition to an already strong team,” Al Dhaheri said in a statement. “His deep and wide-ranging experience will play a leading role in further developing ADIA’s activities in the private equity space.”

Dodge spent more than 25 years with GE, in a number of senior positions. Most recently, he was deputy CEO of Hyundai Capital Services and Hyundai Card, a joint venture between Hyundai Motors and GE.

At GE, Dodge was CEO of the equity business, and was also responsible for investments in aviation and energy as well as co-investments with the firm’s leveraged lending unit.

ADIA has been staffing up as part of an effort to bring more assets in-house. Last June, the fund announced it had insourced around $70 billion in 2014 and hired more than 150 staff.

“ADIA made solid progress in 2014 on multiple fronts, from improving our flexibility to target investment opportunities, to a continued strong focus on the development of our human capital—a key driver in fulfilling our mission,” said Hamad bin Zayed Al Nahyan, managing director of the fund.

Key appointments since September 2014 include ex-Russell equities chief Brian Tipple to run external equity investments, former Eagle Asset Management manager John Pandtle to head up US equities, and BlackRock alum Hisashi Kuroda to lead the Japanese equities desk.