Key Takeaways
- • NYC Comptroller Scott M. Stringer appointed Alex Doñé as Deputy Comptroller of the Bureau of Asset Management (BAM) and Chief Investment Officer, effective immediately, following a nationwide search led by Korn Ferry.
- • BAM serves as investment advisor to the five New York City Retirement Systems, described as the fourth largest public pension fund in the United States, with over $200 billion in assets and more than 700,000 members, retirees, and beneficiaries.
- • Doñé has served at BAM since 2012, most recently as Interim CIO since July 2018, and previously held roles including Head of Private Equity and Deputy CIO – Private Markets.
- • Doñé's mandate includes maximizing risk-adjusted returns, transparency, and diversity initiatives, including a search for emerging-manager fund investments and an expansion of the MWBE Broker-Dealer program.
- • Doñé is leading an effort to diversify pension portfolios into co-investments.
Summary
New York City Comptroller Scott M. Stringer announced on December 10, 2018 that Alex Doñé has been appointed Deputy Comptroller of the Bureau of Asset Management (BAM) and Chief Investment Officer, effective immediately. The appointment followed a nationwide search led by the executive search firm Korn Ferry. In the role, Doñé will act as investment advisor to the five New York City Retirement Systems, which together form the fourth largest public pension fund in the United States, with over $200 billion in assets and more than 700,000 members, retirees, and beneficiaries.
Stringer said Doñé's experience, commitment to maximizing risk-adjusted returns, and dedication to transparency and diversity initiatives would benefit the Bureau and the pension funds. Doñé said he was honored to protect the retirement security of New York City's public employees and families, and pledged to work with BAM colleagues and the Systems' trustees to strengthen the City's pensions.
Doñé joined BAM in 2012 and has held several positions, including Executive Director of Private Equity, Head of Private Equity, and Deputy Chief Investment Officer – Private Markets. He has served as Interim CIO since July 2018. In that capacity he oversaw new diversity initiatives, including a search for an investment manager to source and invest in first-time funds and early-stage firms managed by emerging managers across multiple asset classes, and an expansion of BAM's MWBE Broker-Dealer program. He is also leading an effort to diversify the pension funds' portfolios into co-investments.
Doñé brings 25 years of experience as an investment manager, private equity investor, and investment banker. Before joining the Comptroller's Office, he spent two years as a Presidential Appointee at the U.S. Department of Commerce's Minority Business Development Agency during the Obama Administration. Earlier roles included consultant to a private equity firm, Director at KPMG Corporate Finance leading its Retail Industry Mergers and Acquisitions group, and 11 years as an investment banker at Merrill Lynch. He holds an AB from Princeton University's Woodrow Wilson School.
Stringer said Doñé's experience, commitment to maximizing risk-adjusted returns, and dedication to transparency and diversity initiatives would benefit the Bureau and the pension funds. Doñé said he was honored to protect the retirement security of New York City's public employees and families, and pledged to work with BAM colleagues and the Systems' trustees to strengthen the City's pensions.
Doñé joined BAM in 2012 and has held several positions, including Executive Director of Private Equity, Head of Private Equity, and Deputy Chief Investment Officer – Private Markets. He has served as Interim CIO since July 2018. In that capacity he oversaw new diversity initiatives, including a search for an investment manager to source and invest in first-time funds and early-stage firms managed by emerging managers across multiple asset classes, and an expansion of BAM's MWBE Broker-Dealer program. He is also leading an effort to diversify the pension funds' portfolios into co-investments.
Doñé brings 25 years of experience as an investment manager, private equity investor, and investment banker. Before joining the Comptroller's Office, he spent two years as a Presidential Appointee at the U.S. Department of Commerce's Minority Business Development Agency during the Obama Administration. Earlier roles included consultant to a private equity firm, Director at KPMG Corporate Finance leading its Retail Industry Mergers and Acquisitions group, and 11 years as an investment banker at Merrill Lynch. He holds an AB from Princeton University's Woodrow Wilson School.
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.