Key Takeaways
- • The Robert Wood Johnson Foundation (RWJF) named May Ng as chief investment officer, replacing Brian O'Neil, who led the Foundation's investment strategy for more than 20 years.
- • Ng joins from the Annie E. Casey Foundation, where she was vice president and CIO managing a $3.5 billion diversified portfolio.
- • Ng brings 17 years of endowment and foundation investing experience, including prior roles at The George Washington University and management consulting.
- • Ng will oversee the full endowment portfolio, including asset allocation, manager selection, and portfolio risk, and will work closely with the Impact Investments team.
- • Ng starts on April 17, 2023.
Summary
The Robert Wood Johnson Foundation, based in Princeton, N.J., announced it has named May Ng as its chief investment officer. Ng succeeds Brian O'Neil, whose tenure of more than two decades guided the Foundation's investment strategy. She will join on April 17, 2023.
In the role, Ng will oversee all aspects of management of the endowment portfolio, execute overall investment policy, asset allocation, manager selection and portfolio risk, and work closely with the mission-driven Impact Investments team. Richard Besser, MD, president and CEO of the Foundation, said the Foundation looks forward to furthering its work to reduce health inequities and build a Culture of Health in America under her leadership.
Ng comes to RWJF with 17 years of experience investing for endowments and foundations. Most recently she was vice president and chief investment officer at the Annie E. Casey Foundation, where she managed a $3.5 billion diversified investment portfolio. She first joined the Casey Foundation in 2013 as director of public market investments and helped grow its endowment to support its mission of ensuring all children have the opportunity to succeed.
Before Casey, Ng was a senior investment officer at The George Washington University, where she was part of a generalist team managing the university's endowment. Earlier in her career she worked in management consulting and corporate development. Ng holds degrees from Williams College and Princeton University, is a Chartered Financial Analyst, and serves on the investment committees of Williams College, the William Penn Foundation, the France-Merrick Foundation and Georgetown Day School.
In the role, Ng will oversee all aspects of management of the endowment portfolio, execute overall investment policy, asset allocation, manager selection and portfolio risk, and work closely with the mission-driven Impact Investments team. Richard Besser, MD, president and CEO of the Foundation, said the Foundation looks forward to furthering its work to reduce health inequities and build a Culture of Health in America under her leadership.
Ng comes to RWJF with 17 years of experience investing for endowments and foundations. Most recently she was vice president and chief investment officer at the Annie E. Casey Foundation, where she managed a $3.5 billion diversified investment portfolio. She first joined the Casey Foundation in 2013 as director of public market investments and helped grow its endowment to support its mission of ensuring all children have the opportunity to succeed.
Before Casey, Ng was a senior investment officer at The George Washington University, where she was part of a generalist team managing the university's endowment. Earlier in her career she worked in management consulting and corporate development. Ng holds degrees from Williams College and Princeton University, is a Chartered Financial Analyst, and serves on the investment committees of Williams College, the William Penn Foundation, the France-Merrick Foundation and Georgetown Day School.
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