Catherine Keating is leaving JPMorgan for Commonfund, the firm announced Monday. Commonfund, the investment manager that serves not-for-profit investors, announced that Keating will join the firm in February as chief executive officer.
Keating served as head of investment management for the Americas group at JPMorgan, as well as co-chair of the Fiduciary Risk Committee, director of the JPMorgan Chase Foundation, and executive sponsor of the firm’s Women’s Interactive Network.
She follows Verne Sedlacek in the CEO role. Sedlacek has been with Commonfund since 2002 and will remain in an advisory role to ease the transition.
“On behalf of our entire board, I am honored and extremely pleased to welcome Catherine as Commonfund CEO,” Dr. Robert Litterman, Commonfund board chairman, said in a statement. “We conducted an exhaustive search and interviewed many outstanding candidates. However, we all agreed that Catherine’s proven leadership in asset management, track record for building and leading teams, and commitment to working with non-for-profit organizations, along with her open and direct management style, made her the ideal candidate for the position.”
Keating has a J.D. from University of Virginia School of Law and a B.A. from Villanova University. Prior to joining JPMorgan, she was a partner in a law firm, Morgan, Lewis & Bockius.
Keating is currently chairwoman of the Villanova University Board of Trustees, and is on the boards for the Girl Scout Council of Greater New York and the Inner-City Scholarship Fund.
“I am thrilled to join Commonfund, as I have long admired its mission and success over the past four decades,” Keating said in a statement. “I look forward to joining the team, and working together to focus on the unique needs of endowment and foundation investors.”
— Check out Charities’ Portfolios Rose 15% in FY2013: Commonfund on ThinkAdvisor.