Ken Miranda received a base salary of . Note: On occasion, the Office of University Investments or the Office of Trusts, Estates, and Gift. These stewards of, Cornell University formally approves, issues, and maintains in a consistent format, official university policies in a central policy library. Executive Vice President and Chief Financial Officer | Cornell Executive Vice President and CFO - Cornell University The chief investment officer manages day-to-day operations of Cornells long-term investments and appoints investment managers, monitors the overall investment program and manages the office. Cornell University expects its units to maintain accurate and complete inventories of their space, through the procedures contained herein. Comments, questions, nominations, and applications should be directed to the Search Advisory Committee at evpcfosearch@cornell.edu. At such times, the university has a prescribed method for evaluation and communication of these changes to university staff, faculty, and students. "After three-and-a-half interesting and enjoyable years at Cornell and in Ithaca, my family and I have decided to return home to the United Kingdom," said Walsh. Joanne DeStefano is the Executive Vice President (EVP) and Chief Financial Officer (CFO) for Cornell University. YLP`-V`af;R$6(5(- Back Submit. Scott Puccino, a distinguished financial and business strategist who has dedicated three decades of his career to Weill Cornell Medicine, has been appointed the institutions chief financial officer, effective Feb 1. hb``` r@(JQ(*rwA Director of the IMFs investment office since 2000, Miranda also has been a member of the Cornell University Board of Trustees Investment Committee since February 2012. Presidential Advisor for Diversity and Equity, Ann S. Bowers College of Computing and Information Science, Samuel Curtis Johnson Graduate School of Management, Peter and Stephanie Nolan School of Hotel Administration, College of Architecture, Art, and Planning, Charles H. Dyson School of Applied Economics and Management, Weill Cornell Graduate School of Medical Sciences. Cornell University recharge entities recover some or all of the cost of their products and services through user fees, subject to the requirements outlined in this document. He will also capitalize on the institutions $1.5 billion Were Changing Medicine campaign for long-term growth. 395 Pine Tree Road, Suite 330 l[c.2HK@)'W@]!$xB8K@! endobj It had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations. Get Cornell news delivered right to your inbox. His high-level expertise in long-term investments means he is poised to meet Cornells unique needs, goals and risk tolerance. This policy includes a chain of command, Cornell University requires that departments and units maintain control of all devices and systems that provide access to university facilities and vehicles. endobj It is an honor and privilege to contribute to the role of the endowment in supporting students, faculty research and scholarship at this world-class research institution., Many of his family members have worked in academia, he added. The review process will begin immediately upon receipt of materials. Young Cho, CFA - Chief Financial Officer - Swirlds Labs - LinkedIn As the most senior non-academic officer for the university, the EVP and CFO is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. Kenneth Miranda of the IMF named chief investment officer | Cornell We are fortunate to hire someone of Kens caliber. Individuals engaged in developing and maintaining university policies must follow the requirements outlined in this document for drafting, approving,. Leadership | Board of Trustees | Office of the President | Office of the Provost | Senior Administration. The president is the chief executive and educational officer of the university and is charged with responsibility for providing general supervision over all affairs of the university. There are circumstances in which it may be necessary to transfer expenditures to or from a sponsored account subsequent to the initial recording of the charge in the general ledger, Cornell University provides advances of cash or other resources in limited circumstances to meet the business needs of the institution. All inquiries and materials will be held in confidence. The Office of University Investments implements policies established by the board of trustees and its Investment Committee. Cornell University2023University PrivacyWeb Accessibility Assistance. I also feel proud to be leaving a stronger and more professional investment office than the one I found when I arrived.". Miranda will manage Cornell's $6 billion investment portfolio and lead the Office of University Investments, starting July 1. The Executive Vice President and Chief Financial Officer ("EVP" or "EVP/CFO"), reporting to the President, is the most senior non-academic officer for the university. ", Skorton added, "Working with the Investment Committee, James helped the university weather the downturn and begin to regain much needed equilibrium in its investment performance. The university does not discuss personnel matters and will have no further comment. September 2021 Quarterly Report. . Puccino was also instrumental in conceptualizing and implementing the institutions expanded scholarship program that provides debt-free education to medical students in financial need. Vice . A recognized leader in the community development finance industry, Rafael E. Cestero brings more than 30 years of experience in tackling the most pressing housing challenges cities across the nation are facing. I wish him all the best in his future endeavors.". <> MPA Colloquium: Managing Mission and Growth for - events.cornell.edu KP}Gz%Xxk+0 #IR}67|JLA]zetUmJ3ZOHM' OZx /)B66J&_}M$c()1Qw[f4^+XBYm}*PIRD z.Ajx4.r7U'TJBUW|@,,8 ?IT$.d[eS5))b`AD`@[I$Lpk9h Cornell University requires salary confirmation for individuals paid with sponsored funds, federal appropriations, or committed cost sharing. Walsh reports jointly to President David Skorton and Board of Trustees Investment Committee Chair Paul Gould, who said, "James has managed our endowment office professionally during a very difficult economic period, and we have appreciated his leadership. Accordingly . %%EOF Formerly, he was a senior adviser on George Washington Universitys Committee on Investments. As chief financial officer, Puccino will direct the Finance Department and continue to lead the Office of Budget and Financial Strategy, which provides key services including institutional reporting; analyses of budgetary, business and institutional resources; and financial and risk management. Chief investment officer announces he will leave Cornell The university will accommodate those full- and part-time employees with valid business needs for mobile communication devices by issuing university-owned mobile communication devices. December 2021 Quarterly Report. *Y1M/O[5hi%H S`nm_,FWs ?=&^Vjz*TNs`a'4 ],*s:S^,L+\cuSF{pr_SyaBsKMbe[x\RXX+dEx-aeI>nXW*TV Units of the university that have activities that generate unrelated business income will be charged all applicable income taxes. Investing in the Long-Term Investment Pool | Cornell University Cornell University Archives | Chief Investment Officer Vice President for University Communications Tommy Bruce issued the following statement May 2: Michael Abbott stepped down from his position as chief investment officer at Cornell University May 1. Cornell's investment - Giving to Cornell | Cornell University A recent . Prior to Cornell, Walsh spent 11 years at Hermes Investment Management in London, where he became head of strategy and alternatives, after being the firm's chief economist. Cornell Universitys central administration establishes all university accounts with banks and other financial institutions using university funds. I look forward to my continued work with them as we prepare Weill Cornell Medicine for what comes next, he added. Cornells endowment is in very good hands, DeStefano said. East Hill Office Building I have had the honor to work with a great group of talented and dedicated people, and I've learned a lot during my time here that I will apply to new endeavors in the U.K. <>/Metadata 1599 0 R/ViewerPreferences 1600 0 R>> In addition, device holders are required to, Executive Vice President and Chief Financial Officer, Personal and Private Activity Using University Property and Facilities, Accepting Credit Cards to Conduct University Business, Charging Directly to Sponsored Projects Costs that are Normally Considered Indirect, Advances (Including Petty Cash and Accounts Receivable), Safekeeping of Financial Assets, Including Cash, Checks, and Securities, Establishing and Maintaining Accounts at Banks and Financial Institutions, Formulation and Issuance of University Policies, Responsible Use of Video Surveillance Systems, Management of Keys and Other Access Control Systems. The minimum investment amount for an FFE is $100,000. The EVP is the chief financial and administrative officer responsible for directing the services in support of the academic mission. A university device must be authorized by a dean or vice president, and must be purchased and serviced under the. The university recognizes the need for personal telephone use, but expects individuals to pay directly for personal long-distance telephone calls. In the year and a half since Kenneth Miranda stepped up to lead Cornell's investment office as chief investment officer, the team has reported strong endowment returns, implemented new investment strategies for 2017, and completed phase one of a move to New York City. _IyZ2qe7s~PUI k#QVZNm5eceZ)s/imFDAykT9A33vcN\4?Ei^V,;c WS;!cST}j7y17# %PDF-1.6 % Edwards will assume Abbott's responsibilities on an interim basis until the university has identified a suitable replacement. Chief Investment Officer. 494 0 obj <>/Filter/FlateDecode/ID[<9EECB67782F25A48B33BD3F0C1474532><53F81BFC1FDC244EBA8DD9CBE6B4AE92>]/Index[474 32]/Info 473 0 R/Length 97/Prev 276269/Root 475 0 R/Size 506/Type/XRef/W[1 3 1]>>stream Ive also been fortunate to work alongside a number of really talented people at Weill Cornell Medicine, whose unwavering support have made this role possible. Account Reversion; KFS Payment Processing E-docs (DV, PREQ, PCDO) Cash Deposits at Year-End; Revenue and Expense Year-End Accruals; Deadlines; Business Service Centers. This policy replaces University Policy 3.3, Travel Expenses for Concur Users and travel portions of University Policy 3.2.1,. Chief Investment Officer Michael Abbott steps down | University He will seek to increase Weill Cornell Medicines clinical footprint throughout New York City, invest in the institutions biomedical research activities with the goal of increasing sponsored research opportunities, and oversee the financial planning for a new student residence. New York, NY 10065 The EVP is the chief . We are immensely proud to have Ken leading our investment team. Investment Committee | Office of University Investments It had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations. Cornell University acquires, records, inventories, maintains, and disposes of capital assets. =^"-g$#B#\#=K&&_4I|w|\SqR:rKWayH!oyC*YS$ww`%Z.Ds*D Cornell University Office of Investments About the Investment Office The Investment Office is responsible for implementing policies established by the University Board of Trustees and its Investment Committee. He will continue to grow Weill Cornell Medicines economic relationship with its clinical partner NewYork-Presbyterian, the bond between them immeasurably stronger amid the COVID-19 pandemic. The EVP is the chief financial and administrative officer responsible for directing theservices in support of the academic mission. . Ms. DeStefano is a 1978 graduate of Syracuse University with a bachelor of science in accounting, and a 1997 recipient of a master of business administration in finance from the Curtis Johnson Graduate School of Management at Cornell University. . 4 0 obj Karl Perman Joins GigNet, Inc. as Chief Security Officer (Photo: Business Wire) Mr. Perman has served critical infrastructure sectors as a senior advisor to assess and transform security and . Miranda, who joined the IMF in 1986, held numerous policy roles including deputy division chief for Japan and senior roles in the Asia and Pacific department and the fiscal affairs department. James Walsh, chief investment officer in Cornell's Investment Office, has announced he will be leaving the university to return to England at the end of this academic year. Kenneth Miranda of the IMF Named Cornell's Chief Investment Officer Office of University Investments. Chief Investment Officer A.J. Contact | Office of University Investments Cornell University may change its operating status during and surrounding periods of inclement weather. Prior to joining Cornell University in 2021, she worked at the School of Health Sciences and Human Performance at Ithaca College. As the most senior non-academic officer for the university, the EVP is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. Michael Abbott, Cornell's chief investment officer, stepped down on Sunday, according to Vice President for University Communications Tommy Bruce.The reason for Abbott's departure remains . 2021 Reports | Office of University Investments endstream endobj startxref At the same time Im very focused on managing the risk and the downside protection of the portfolio through quantitative techniques.. Cornell University 's chief investment officer was paid almost $1.9 million in 2018 as he spearheaded efforts to turn around the underperforming endowment. If you have a disability and are having trouble accessing information on this website or need materials in an alternate format, contactweb-accessibility@cornell.edufor assistance. Under Walsh's tenure, Cornell's endowment successfully avoided many of the liquidity problems that affected those of its peers last year. Cornell Endowment CIO to Depart | Chief Investment Officer Tag: Cornell University. Over the past four years the Investment Committee has come to value Kens astute analytical skills and his remarkably thoughtful contributions to our dialogues. Its been an absolute blessing to work for Steve Cohen; hes been an outstanding leader and an incredible mentor to me.. 1 0 obj Interim Provost for Medical Affairs; Interim Dean of Weill Cornell Medicine, Deputy Provost and Presidential Advisor for Diversity and Equity, Chair, Vice President for Facilities and Campus Services, Vice President and Chief Global Information Officer, Chief of Staff and Special Counsel to the President, Executive Vice President and Chief Financial Officer, Vice President for Student and Campus Life, Vice President and Chief Human Resources Officer, Vice President for Alumni Affairs and Development, Vice President for Research and Innovation, Joseph Silbert Dean of the College of Engineering, Dean of the Ann S. Bowers College of Computing and Information Science, Dean of the Jeb E. Brooks School of Public Policy, Dean of the Graduate School and Vice Provost for Graduate Education, Kenneth F. Kahn Dean of the School of Industrial and Labor Relations, Rebecca Q. and James C. Morgan Dean of the College of Human Ecology, Ronald P. Lynch Dean of the College of Agriculture and Life Sciences, Harold Tanner Dean of the College of Arts and Sciences and Hans A. Bethe Professor, Charles Field Knight Dean of the Cornell SC Johnson College of Business, Dean of the School of Continuing Education, Jack and Rilla Neafsey Dean and Vice Provost of Cornell Tech, Anne and Elmer Lindseth Dean of the Samuel Curtis Johnson Graduate School of Management, Dean of the Peter and Stephanie Nolan School of Hotel Administration and E. M. Statler Professor of Hotel Administration, Austin O. Hooey Dean of the College of Veterinary Medicine, Gale and Ira Drukier Dean of the College of Architecture, Art, and Planning, Dean of the Charles H. Dyson School of Applied Economics and Management, Vice Provost for Engagement and Land-Grant Affairs, Dean, Weill Cornell Medical College-Qatar, Dean, Weill Cornell Graduate School of Medical Sciences, Executive Vice Provost, Administration and Finance, Associate Vice President, Deputy General Counsel, and Secretary of the Medical College, President and CEO, Physician Organization, Senior Associate Dean, Innovation and Initiatives, Senior Associate Dean, International Affairs and Affiliations. hT[o0+~TuvB Choi, the Stephen and Suzanne Weiss Dean of Weill Cornell Medicine. Executive Vice President and Chief Financial Officer | University Policy Policy Number: 4.11. March 18, 2011. hbbd```b``SA$S:X$L`x& f`!dVSf7@fU#d$;>f`bd`b``$ > Locally, Ms. DeStefano serves as a member on the Cayuga Medical Center (CMC) board of directors and executive committees and previously served as the chair of CMCs patient and quality safety committee and as the chair for the Cornell 2008 United Way campaign. Edwards to step down. Newswise ITHACA, N.Y. - Kenneth Miranda, director of the International Monetary Fund's (IMF) investment office, has been . 3 0 obj Ithaca, NY 14850, Cornell University requires all operating units to develop their own unit-specific financial internal control plans using guidelines provided by the Office of the University Controller. Accordingly, he and the university have agreed that it is in their mutual interests to end the relationship. Office Staff | Office of University Investments rPgyL:tFP/Hh>.rWE"h?`EJp7f`q;:8$qxP3Sg\.VgDw`;P. Cornell University expects costs to be charged to the appropriate sponsored project account when first incurred. Cornell University hiring Executive Vice President and Chief Financial Weill Cornell Medicine is conducting a national search for the second administrative position: executive vice provost and chief operating officer. Nationally, she is a member of the National Association of College and University Business Officers (NACUBO), and has held board of director positions with the Kuali Foundation and the Council on Governmental Relations (COGR). Jq3oPgK2Gs7(WUg\ Benjarong Suwankiri - Chief Strategy Officer (Senior Executive Vice <> For more information see our quarterly endowment reports. 317 Day HallCornell UniversityIthaca, NY 14853. Scott is an outstanding tactician whose deep reservoir of financial and institutional knowledge will be instrumental to preserving Weill Cornell Medicines fiscal integrity, stability and resilience, said Dr. Augustine M.K. PDF Standards of Ethical Conduct and Chief Financial Officer CORNELL UNIVERSITY POLICY LIBRARY POLICY 4.6 Volume: 4, Governance/Legal Chapter: 6, Standards of Ethical Conduct Responsible Executive: President Responsible Offices: Provosts/Executive Vice President and Chief Financial Officer Originally Issued: October 1996 Last Updated: February 8, 2021 Standards of Ethical Conduct POLICY STATEMENT