Columbia University President Lee C. Bollinger today announced that Peter Holland has been named chief executive officer of Columbia University Investment Management Company (IMC). Mr. Holland, who has been IMC’s chief investment officer since 2003, will succeed Narv Narvekar, the outgoing CEO of IMC, who was today named president and chief executive officer of Harvard Management Company. Holland will transition to his new role effective October 3, 2016.
“We are extremely fortunate that Peter Holland will continue and further expand his leadership that has been essential to the University’s financial strength for more than a decade,” said Columbia President Lee C. Bollinger. “Peter is a key architect of our Investment Management Company’s very strong long-term performance, more than doubling the size of our endowment since 2003 and, equally important, ensuring that the university has been well positioned to withstand economic downturns over this turbulent period.”
Prior to joining Columbia, Holland was with J.P. Morgan for fifteen years, in the U.S. Equities Derivatives Group from 1993 through 2003, serving as co-head of group from 1998 until joining Columbia. Before joining the Derivatives Group, he worked in the Private Placement Group and in Investment Banking (Financial Services Group). Holland graduated from Dartmouth College in 1987.
“We appreciate Narv’s exceptional service and his hiring by Harvard is a powerful affirmation of the strategy, structure and people assembled at Columbia’s IMC,” said Jonathan Schiller, Chair of Columbia’s Board of Trustees. “First among these has been Peter Holland as our chief investment officer for the past dozen years. Peter’s contributions to the IMC and Columbia's investment performance have been tremendous. He has played a key role in developing both a risk-based investment approach and our investment manager selection process, which have made our endowment management a consistent strong performer. As Trustees, we share President Bollinger’s confidence in Peter’s continued leadership.”
Columbia Investment Management Company (IMC) is a wholly-owned subsidiary of the University responsible for managing the University’s endowment.