Juilliard CIO to Depart, Replacement Sought

The Juilliard School’s CIO David Marcus has given notice of his resignation, a spokesperson for the arts academy confirmed.

Marcus is scheduled to wrap up his six-and-a-half-year tenure at the end of September.

He joined the 109-year-old institution in May 2008, following nine years in Vermont as a managing director of Dartmouth College’s endowment. Prior to that, Marcus spent a decade at Hyperion Partners—an investment firm founded by mortgage security pioneer and former Salomon Brothers Vice Chairman Louis Ranieri.

According to his biography on Juilliard’s website, Marcus “has no musical talent but loves opera and jazz.”

The New York-based arts school has yet to fill the CIO post, according to its spokesperson, and will likely recruit for potential candidates.

Marcus’ eventual replacement may enjoy greater flexibility than is typical of a $1 billion portfolio. On a per-student basis—the most recent figures put enrollment at 853—Juilliard is endowed with an unusually large pool of investment capital.

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