Type: Press Release

TIFF Investment Management Appoints Robert Durden and Katie Koch to its Board of Directors

October 16, 2020

TIFF Investment Management (Radnor, PA) has appointed Robert Durden (UVIMCO) and Katie Koch (GSAM) to its Board of Directors.

TIFF Investment Management has welcomed two new members to its Board of Directors—Robert Durden, Chief Executive Officer and Chief Investment Officer of University of Virginia’s Investment Company (UVIMCO), and Kathryn (Katie) Koch, Co-Head of Fundamental Equity at Goldman Sachs Asset Management (GSAM). Robert and Kathryn join a reputable Board that has included and currently includes some of the most prominent CIOs, CEOs and other leaders in the nonprofit investment industry.

Their expertise will support TIFF’s asset allocation and portfolio construction, and bolster access to their network of investment managers and general market and investing insights. The deeply-experienced and highly-regarded board also provides governance oversight to TIFF as a nonprofit organization.

Robert manages UVIMCO’s Long-Term Pool, overseeing the asset allocation, portfolio management, risk management, and manager selection activities of the institution’s investment staff. Katie leads the GSAM team that manages a broad range of equity solutions on behalf of global institutional and individual clients and is a champion of Goldman Sachs’ diversity initiatives, including leading an investment team where approximately half the assets are managed by female portfolio managers. Both bring 38 collective years of institutional investing experience to TIFF’s prestigious board.

For more information on TIFF’s Board, visit: TIFF Board of Directors

About TIFF Investment Management
TIFF is a mission-driven, not-for-profit organization dedicated to delivering comprehensive investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has exclusively served the non-profit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons.
www.tiff.org

For media inquiries, please contact Samantha Norquist snorquist@prosek.com.

TIFF Investment Management has appointed a new President as part of the firm’s succession planning.

Kane Brenan, who most recently served as Global Head and Co-Chief Investment Officer of the Global Portfolio Solutions (GPS) group for Goldman Sachs, will become TIFF’s President effective Monday, April 13, 2020. Kane and TIFF CEO, Dick Flannery, will work closely together to ensure a smooth leadership transition for the firm and the charitable organizations it serves.

Brenan had been with Goldman Sachs for over 20 years, was a partner in the firm, and had worked with some of Goldman’s largest pension and endowment clients in an outsourced chief investment officer (OCIO) capacity.

In a joint statement, Neal Triplett (Chair of the TIFF Board and President of Duke University’s endowment office) and Dick Flannery said: “We are delighted to add someone with Kane Brenan’s extraordinary qualifications to the TIFF senior management team. His knowledge and experience, when combined with his distinctive ‘values first’ ethos, will serve TIFF’s non-profit members well for many years to come.”

TIFF announced its formal search for a President last fall.  At almost the same time, Mr. Brenan announced his intention to leave Goldman Sachs to return to the Philadelphia area, where his family lives.  The stars aligned and TIFF identified a talented industry veteran, who sits on multiple boards, and has a passion for non-profit work, to add to the firm’s executive team and eventually replace Mr. Flannery.

“I have had an extraordinary experience at Goldman Sachs and I am now excited to join TIFF and pursue the firm’s important mission. I look forward to meeting TIFF’s members and helping each of them achieve their investment and organizational goals. TIFF represents two remarkably motivating pursuits – non-profit work and investing.  I am looking forward to getting started on those pursuits.” – Kane Brenan