The firm has appointed a deputy cio from within the organization.
The real estate firm elevated a team member to partner.
The plan’s cfo has been serving as its acting cio since last year.
The firm raised a record $5.2 billion of capital commitments for the fund.
The foundation has hired a new cfo to oversee its finances and help manage its investments following a search from earlier this year.
The fund is expected to be at or near its €7 ($7.6) billion hard cap by the end of the year.
The internal appointment took over the role last month.
She is rejoining the firm after previously being a part of the investment banking division earlier in her career.
The new hire most recently served as managing director of institutional consulting at First Republic Investment Management.
Rupal Bhansali is leaving Ariel Investments after 12 years to start her own firm.