Key Takeaways
- • Cedars-Sinai Medical Center named Michael Buchman as Chief Investment Officer, overseeing its $8 billion investment portfolio, according to the health system's announcement.
- • Buchman will lead investment strategy, asset allocation, risk management, manager selection and operations for the Los Angeles-based system.
- • Buchman joins from the Conrad N. Hilton Foundation, where he spent 18 years in various roles and served as CIO since 2021.
- • The appointment was announced on a Tuesday and reported by Chief Investment Officer and other trade outlets.
Summary
The Cedars-Sinai Medical Center health system announced on Tuesday the appointment of Michael Buchman as Chief Investment Officer, placing him in charge of the institution's $8 billion investment portfolio. According to the announcement, Buchman will lead the Los Angeles-based healthcare system's investment strategy, along with asset allocation, risk management, manager selection and operations.
Buchman comes from the Conrad N. Hilton Foundation, where he served in a variety of roles over 18 years, including as its CIO since 2021. Before that, he held associate roles at the law firms Fried Frank Harris Shriver & Jacobson and Skadden, Arps, Slate, Meagher & Flom LLP. He holds a bachelor's degree in economics and an MBA from the Wharton School at the University of Pennsylvania, and a J.D. from the University of Pennsylvania Law School.
In a statement, Buchman said he was excited to join Cedars-Sinai and to continue stewarding and growing its investment portfolio in service of its mission. He emphasized that partnering with outstanding investment managers would generate returns that enable the system to enhance health and healthcare in Los Angeles and beyond.
David Wrigley, Cedars-Sinai's executive vice president and chief financial officer, said in a statement that Buchman is the ideal leader to strategically grow the investment portfolio and enable the system to better serve those who need Cedars-Sinai.
Buchman comes from the Conrad N. Hilton Foundation, where he served in a variety of roles over 18 years, including as its CIO since 2021. Before that, he held associate roles at the law firms Fried Frank Harris Shriver & Jacobson and Skadden, Arps, Slate, Meagher & Flom LLP. He holds a bachelor's degree in economics and an MBA from the Wharton School at the University of Pennsylvania, and a J.D. from the University of Pennsylvania Law School.
In a statement, Buchman said he was excited to join Cedars-Sinai and to continue stewarding and growing its investment portfolio in service of its mission. He emphasized that partnering with outstanding investment managers would generate returns that enable the system to enhance health and healthcare in Los Angeles and beyond.
David Wrigley, Cedars-Sinai's executive vice president and chief financial officer, said in a statement that Buchman is the ideal leader to strategically grow the investment portfolio and enable the system to better serve those who need Cedars-Sinai.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.