The college savings plan is searching for its next executive director as its previous head left to join a Western university as its deputy cio last month.
The plan is seeking an investment manager to handle an investment in a non-publicly traded financial security after conducting a search last year for firms to handle direct investments of financial securities that are not typically traded on financial markets.
The global head of responsible investing resigned from the role, which he has held since July 2021, this month after being suspended following a presentation at an industry conference in May.
The new program aims to establish and maintain student-run investment funds at select schools and will establish scholarships for students to increase education affordability.