Vanderbilt announced late Tuesday that it has named Matthew Wright as the successor to longtime university investment guru Bill Spitz, who announced his plans to retire in August of last year, effective upon the appointment of his successor.
After a search lasting just over 10 months, it now appears Spitz will officially step down on or around July 30, when Wright assumes his new role as Vanderbilt's chief investment officer. Spitz will stay on as a professor at the university's Owen Graduate School of Management.
Wright has spent the last six years with Emory University as director of investments. There he helped watch over and manage a $5 billion portfolio. Prior to that appointment, he worked with an investment team responsible for overseeing the Xerox Corporation Pension and has also managed institutional client portfolios at Bank of America Capital Management.
At Vanderbilt, he will be responsible for managing the school's $3.4 billion endowment.
Wright is a graduate of Seton Hall University and the William E. Simon Graduate School of Business Administration at the University of Rochester.
You must be logged in to comment. If you do not have an account, you can join our esteemed subscribers.