The institution is looking to improve its cash flow management, optimize liquidity and establish a robust treasury management system to enhance its financial stability and maximize investment returns.
The investment manager will help with sourcing, evaluating and recommending investment partners across asset classes as well as developing a pipeline of investment opportunities and funds.
The firm has appointed a global head of insurance asset management to execute investment strategies for its general account as well as assets for third-party insurance clients.
The corporation made four awards, two each in the second and third quarters, as part of its search for debt and equity funds to create a balanced catalyst fund.
According to Patrick Decker, head of institutional OCIO at Wilmington Trust, nonprofits are increasingly turning to this model for professional investment and governance management. Decker makes a case that this model is a great way for foundations to reassess strategic plans, endowment strategies and fundraising goals during times of financial stress.
The investment subsidiary of a university foundation recently hired a managing director to help oversee and manage its portfolio from another institution, where they led investments across public markets, hedge funds and real assets.
The foundation has issued an RFP seeking an investment consultant to provide advice and counsel for its assets as it believes best practice is to search for the services periodically.
The firm has also named a president of the Pacific Northwest to help accelerate growth of the firm’s wealth management business in the region.
The firm has appointed an executive advisor to help in the pursuit of new acquisition opportunities in the industrials sector and more broadly across leading U.K. businesses.
The trust’s new exec will oversee the institution’s financial strategy, operations and administrative functions with a focus on enhancing its financial sustainability, operational efficiency and strategic growth.