Mr. Russ will be Chief Investment Strategist of the bank’s new Investment Strategies and Solutions group within its asset-management Division. He had led Dartmouth College’s Office of Investments, in Hanover, New Hampshire, and was responsible for its $3.7 billion endowment. However, according to Moody’s Investors Service, it lost almost 23% of that value since March 2009.
Mr. Russ will be joined by Mark Baumgartner from Morgan Stanley, where he headed portfolio architecture in the bank’s Global Portfolio Solutions group. Yogi Thambiah and Nicolo Foscari will also work for the investment strategies unit, coming from within Credit Suisse’s asset-management division.
Adam Keller, Executive Vice President of finance and administration at Dartmouth, said: “The Credit Suisse job is a tremendous opportunity for David, one he really could not let pass.”
Dartmouth University was founded in 1769 and has about 5,800 graduate and undergraduate students. Dartmouth alumni include former US Treasury Secretary Henry M. Paulson Jr. and Jeffrey Immelt, Chairman and CEO of GE.
