Cornell University will form a university-related subsidiary or affiliate, or acquire a controlling interest in a separate entity, only if there is compelling legal and/or business justification. I look forward to my continued work with them as we prepare Weill Cornell Medicine for what comes next, he added. Choi, the Stephen and Suzanne Weiss Dean of Weill Cornell Medicine. Similarly, research support from the National Institutes of Health has surged 75 percent in the past five years, and the number of investigators who are funded by the NIH has increased by 50 percent, Puccino said. The university permits the use of its property and facilities for collaboration with industry or community, where such use is consistent with the universitys mission, Cornell University prohibits any form of retaliation, intimidation, harassment, or adverse employment action against any trustee, officer, employee, former employee, independent contractor, agent, or volunteer of the university for disclosing or threatening to disclose any conduct that they have a, Cost sharing must be proposed, approved, administered, and accounted for in a consistent and prudent manner. Accordingly . Tel: 646-973-4400 1155 Avenue of the Americas Suite 1850 New York, NY 10036 investment@investment.cornell.edu corefixed@investment.cornell.edu Policy Number: 3.24. 494 0 obj <>/Filter/FlateDecode/ID[<9EECB67782F25A48B33BD3F0C1474532><53F81BFC1FDC244EBA8DD9CBE6B4AE92>]/Index[474 32]/Info 473 0 R/Length 97/Prev 276269/Root 475 0 R/Size 506/Type/XRef/W[1 3 1]>>stream Cornell University Office of Investments About the Investment Office The Investment Office is responsible for implementing policies established by the University Board of Trustees and its Investment Committee. Executive Vice President and Chief Financial Officer | Cornell University Division of Financial Affairs About Us Business Tools Our Policies Contact forms CU policies training KFS Support e-SHOP Executive Vice President and Chief Financial Officer There is currently no content classified with this term. Cornell University funds may be used for ordinary, reasonable, and necessary business-related travel expenses incurred in furtherance of the university's missions. Puccino has served as assistant vice provost for financial planning and institutional reporting for the past decade, and has held numerous leadership positions in budget and finance over his 30-year career at Weill Cornell Medicine. The core team of professionals in the university's investment office is already working effectively with the investment committee of the Cornell Board of Trustees to implement a smooth transition and ensure that the university meets its investment targets. At such times, the university has a prescribed method for evaluation and communication of these changes to university staff, faculty, and students. Formerly, he was a senior adviser on George Washington Universitys Committee on Investments. 0 bR{5C=q]Vl !2Ul 0rTafZ"g\"Z;^"/=n]r=|:1.6O&ZcuThcerL..l5.&79b9PnjF/&O9+P+& ~O)ovQ3 The chief investment officer manages day-to-day operations of Cornells long-term investments and appoints investment managers, monitors the overall investment program and manages the office. This includes possession, issuance of copies, and storage of keys and other access devices. A university device must be authorized by a dean or vice president, and must be purchased and serviced under the, Cornell Universitys Board of Trustees delegates significant procurement authority for the acquisition of goods and services from external sources on the universitys behalf. If you have a disability and are having trouble accessing information on this website or need materials in an alternate format, contactweb-accessibility@cornell.edufor assistance. Cornell University acquires, records, inventories, maintains, and disposes of capital assets. Scott Puccino, a distinguished financial and business strategist who has dedicated three decades of his career to Weill Cornell Medicine, has been appointed the institutions chief financial officer, effective Feb 1. The minimum investment amount for an FFE is $100,000. The president is elected by the Board of Trustees and, once elected, sits as an ex officio member of the board and of all its standing committees except the Audit Committee. He is a results-driven professional with dynamic strategies that will ensure our endowment grows in depth and breadth as it maintains the stability required to support our educational and engagement mission, Kotlikoff said. Leadership | Board of Trustees | Office of the President | Office of the Provost | Senior Administration. Cornell University is a private research university that provides an exceptional education for undergraduates and graduate and professional students. The Investment Office helps support the Universitys mission of being a top research university that provides accessibility to students. Over the past four years the Investment Committee has come to value Kens astute analytical skills and his remarkably thoughtful contributions to our dialogues. He will seek to increase Weill Cornell Medicines clinical footprint throughout New York City, invest in the institutions biomedical research activities with the goal of increasing sponsored research opportunities, and oversee the financial planning for a new student residence. Locally, Ms. DeStefano serves as a member on the Cayuga Medical Center (CMC) board of directors and executive committees and previously served as the chair of CMCs patient and quality safety committee and as the chair for the Cornell 2008 United Way campaign. "I look forward to my continued work with them as we prepare Weill Cornell Medicine for what comes next," he added. YLP`-V`af;R$6(5(- Walsh reports jointly to President David Skorton and Board of Trustees Investment Committee Chair Paul Gould, who said, "James has managed our endowment office professionally during a very difficult economic period, and we have appreciated his leadership. Academic and administrative units are, Cornell University organizes, coordinates, and directs available resources toward an effective response to, and recovery from, any emergency. March 18, 2011. Edwards, who stepped down from the post March 31. Michael Abbott, Cornell's chief investment officer, stepped down on Sunday, according to Vice President for University Communications Tommy Bruce.The reason for Abbott's departure remains . KP}Gz%Xxk+0 #IR}67|JLA]zetUmJ3ZOHM' OZx /)B66J&_}M$c()1Qw[f4^+XBYm}*PIRD z.Ajx4.r7U'TJBUW|@,,8 ?IT$.d[eS5))b`AD`@[I$Lpk9h Cornell University 's chief investment officer was paid almost $1.9 million in 2018 as he spearheaded efforts to turn around the underperforming endowment. Mr. Girish V. Reddy (Chair): Mr. Donald C. Opatrny: Mr. J. Allen Smith (Vice-Chair): President Martha E. Pollack Cornell University: Mr. Douglas Braunstein Hudson . CORNELL UNIVERSITY POLICY LIBRARY POLICY 4.6 Volume: 4, Governance/Legal Chapter: 6, Standards of Ethical Conduct Responsible Executive: President Responsible Offices: Provosts/Executive Vice President and Chief Financial Officer Originally Issued: October 1996 Last Updated: February 8, 2021 Standards of Ethical Conduct POLICY STATEMENT Nationally, she is a member of the National Association of College and University Business Officers (NACUBO), and has held board of director positions with the Kuali Foundation and the Council on Governmental Relations (COGR). <> The campaign, launched in June 2021, will enable Weill Cornell Medicine to invest in all three parts of its mission, which includes a precision health enterprise, updated biomedical research space and a new student residence. Miranda succeeds A.J. 1300 York AvenueBox 314 Cornell University requires salary confirmation for individuals paid with sponsored funds, federal appropriations, or committed cost sharing. As the most senior non-academic officer for the university, the EVP is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. Executive Vice President and Chief Financial Officer | Cornell University Division of Financial Affairs Home Business Tools forms CU policies training KFS Support e-SHOP Executive Vice President and Chief Financial Officer There is currently no content classified with this term. He will also work closely with Joanne DeStefano, chief financial officer of Cornell University. Cornell University provides telephone service for individuals undertaking mission-related activities. Im familiar with the culture and have always envisioned myself working in higher education.. Newswise ITHACA, N.Y. - Kenneth Miranda, director of the International Monetary Fund's (IMF) investment office, has been . We have a great team, he said. Current-Year Long-Term Investment Pool Rates; Prior-Year Long-Term Investment Pool Rates; Investing in the Long-Term Investment Pool; Investment Glossary; Year-End. In the unlikely event that a unit must ask the university to establish and maintain a separate account, the university requires the unit to institute, The university will accommodate those full- and part-time employees with valid business needs for mobile communication devices by issuing university-owned mobile communication devices. December 2021 Quarterly Report. These stewards of, Cornell University formally approves, issues, and maintains in a consistent format, official university policies in a central policy library. Back Submit. A key component to the institution's long-term growth centers on increasing its clinical footprint in New York. He currently serves as a member of the Food and Agriculture Organizations advisory committee on investments. Note: On occasion, the Office of University Investments or the Office of Trusts, Estates, and Gift. Given his experience in global investing, Miranda said he expects to globalize the return streams of the endowment. EVP and CFO Joanne DeStefano is the Executive Vice President (EVP) and Chief Financial Officer (CFO) for Cornell University. This policy is being revised and is unavailable at this time. James Walsh, chief investment officer in Cornell's Investment Office, has announced he will be leaving the university to return to England at the end of this academic year. The EVP is the chief financial and administrative officer responsible for directing theservices in support of the academic mission. We are fortunate to hire someone of Kens caliber. 2iTm P8 Walsh has been responsible for managing the university's investments since 2006 and directing an office that grew to 25 people from 17 during his tenure. hbbd```b``SA$S:X$L`x& f`!dVSf7@fU#d$;>f`bd`b``$ > Miranda will report to trustee Donald Opatrny 74, chair of the Investment Committee, and Joanne DeStefano, Cornells executive vice president and chief financial officer. Ken Miranda received a base salary of . Kenneth Miranda, director of the International Monetary Fund's (IMF) investment office, has been selected as Cornell's chief investment officer, Provost and Acting President Michael Kotlikoff announced today. The Executive Vice President and Chief Financial Officer ("EVP" or "EVP/CFO"), reporting to the President, is the most senior non-academic officer for the university. Puccino was also instrumental in conceptualizing and implementing the institutions expanded scholarship program that provides debt-free education to medical students in financial need. Cornell University expects its units to maintain accurate and complete inventories of their space, through the procedures contained herein. In managing these funds, he made investments across a broad array of asset classes, themes, strategies and managers. Zh4=4GdgasVvMosT+ti @@SGc09(FeDXK] (I+'C-toYpgO9",& s -- ? A recent . Joanne DeStefano is the Executive Vice President (EVP) and Chief Financial Officer (CFO) for Cornell University. Report this profile Report Report. As the most senior non-academic officer for the university, the EVP and CFO is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. Presidential Advisor for Diversity and Equity, Ann S. Bowers College of Computing and Information Science, Samuel Curtis Johnson Graduate School of Management, Peter and Stephanie Nolan School of Hotel Administration, College of Architecture, Art, and Planning, Charles H. Dyson School of Applied Economics and Management, Weill Cornell Graduate School of Medical Sciences. x\Yo~7G(JE v"E&n/#;693\Y(QM-,sjqY]WWZ]^J~_=VoO{|X||juL^'I *VfHH|]h{.oHR$7G$?0L8 In his new role, Puccino will financially lead a global health care enterprise embarking on a strategic expansion that will advance the institutions tripartite mission to care, discover and teach. 3 0 obj Karl Perman Joins GigNet, Inc. as Chief Security Officer (Photo: Business Wire) Mr. Perman has served critical infrastructure sectors as a senior advisor to assess and transform security and . All inquiries and materials will be held in confidence. Get Cornell news delivered right to your inbox. %PDF-1.7 *Y1M/O[5hi%H S`nm_,FWs ?=&^Vjz*TNs`a'4 ],*s:S^,L+\cuSF{pr_SyaBsKMbe[x\RXX+dEx-aeI>nXW*TV . 4 0 obj A recent expansion of physician services across the city has yielded an almost 40 percent increase in clinical revenue in the past five years, Puccino said. He also lauded colleagues Assistant Vice Provost for Operations and Support Services Patrick Gallagher; Chief Information Officer Dr. Curtis Cole; Assistant Vice Provost for Capital Planning Dmitri Konon; and Managing Director of Business Systems and Operations Adam Garriga. <>/Metadata 1599 0 R/ViewerPreferences 1600 0 R>> Kelly E. Cunningham Chief of Staff and Special Counsel to the President Joanne M. DeStefano Executive Vice President and Chief Financial Officer Ryan T. Lombardi Vice President for Student and Campus Life Christine D. Lovely Vice President and Chief Human Resources Officer Joel M. Malina Vice President for University Relations Kenneth M. Miranda Contacts . This is an amazing trajectorywere firing on all cylindersand we want to keep up the momentum so that we dont plateau, he said. June 2021 Quarterly Report. Kenneth Miranda, director of the International Monetary Funds (IMF) investment office, has been selected as Cornells chief investment officer, Provost and Acting President Michael Kotlikoff announced today. stream Miranda, who joined the IMF in 1986, held numerous policy roles including deputy division chief for Japan and senior roles in the Asia and Pacific department and the fiscal affairs department. A key component to the institutions long-term growth centers on increasing its clinical footprint in New York. It had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations. The review process will begin immediately upon receipt of materials. Tag: Cornell University. It had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations. Ithaca, NY 14850, Cornell University requires all operating units to develop their own unit-specific financial internal control plans using guidelines provided by the Office of the University Controller. Weill Cornell Medicine is conducting a national search for the second administrative position: executive vice provost and chief operating officer. The president is the chief executive and educational officer of the university and is charged with responsibility for providing general supervision over all affairs of the university. The University Board of Trustees is responsible for strategic management of all investable funds, and implements policy through the Investment Committee of the Board. The university does not discuss personnel matters and will have no further comment. favorite_border. Further, the university expects all members of the university community who are accountable for financial, Cornell University uses its property and facilities, primarily, to further its mission of learning, discovery, and engagement. Miranda will manage Cornell's $6 billion investment portfolio and lead the Office of University Investments, starting July 1. (Acting) Chief Technology Officer (Apr 2022 - Jul 2022) Headed multiple departments of Corporate Strategy, Product Development, Process Improvement, Innovation and Sustainability, and Business Research + Reshaped EXIM's bank strategy towards Thailand Development Bank, focusing on investment to drive trade, competitiveness, and sustainability Vice President for University Communications Tommy Bruce issued the following statement May 2: Michael Abbott stepped down from his position as chief investment officer at Cornell University May 1. endstream endobj startxref Before joining the university, Ms. DeStefano worked in the corporate sector. The Investment Office is responsible for implementing policies establishedby the University Board of Trustees and its Investment Committee. Our institution is uniquely positioned for further transformation, and we have an amazing dean at the helm. Miranda will manage Cornells $6 billion investment portfolio and lead the Office of University Investments, starting July 1. Cornell University expects costs to be charged to the appropriate sponsored project account when first incurred. Jq3oPgK2Gs7(WUg\ Currently, senior investment officers Cody Danks Burke and Roger Vincent are serving as interim co-CIOs. Cornell University allows the use of approved video surveillance systems through a transparent process, subject to rules governing equipment installation and employment, and use of the resulting recorded material. As the most senior non-academic officer for the university, the EVP and CFO is the chief financial and administrative officer responsible for directing the financial and administrative services in support of the academic mission. This policy replaces University Policy 3.3, Travel Expenses for Concur Users and travel portions of University Policy 3.2.1,. The Investment Office's well-established senior leadership team will manage the office in the interim until a new chief investment officer is named. The EVP is the chief . The Committee establishes. 317 Day HallCornell UniversityIthaca, NY 14853. =^"-g$#B#\#=K&&_4I|w|\SqR:rKWayH!oyC*YS$ww`%Z.Ds*D 7qNa6z)( A university device must be authorized by a dean or vice president, and must be purchased and serviced under the. %PDF-1.6 % 20-Apr-2016 10:05 AM EDT , by Cornell University. Cornells endowment is in very good hands, DeStefano said. As IMF director, Miranda coordinated a focused team that oversaw the investment of approximately $11.5 billion in assets for the IMFs Staff Retirement Plan and Retired Staff Benefits Investment Account. hb``` r@(JQ(*rwA The minimum threshold amount will be reviewed every five years; the next review is in FY 2023 (unless guidelines change). . It is an honor and privilege to contribute to the role of the endowment in supporting students, faculty research and scholarship at this world-class research institution., Many of his family members have worked in academia, he added. Its been an absolute blessing to work for Steve Cohen; hes been an outstanding leader and an incredible mentor to me.. I am looking forward to collaborating with the solid staff in the Office of University Investments who have a valuable, proven skill set, Miranda said. New York, NY 10065 Puccino will help evaluate the institutions real estate investments, ensuring that Weill Cornell Medicines leases for its administrative offices reflect current and future need. He will also capitalize on the institutions $1.5 billion Were Changing Medicine campaign for long-term growth. Cornell University2023University PrivacyWeb Accessibility Assistance. I also feel proud to be leaving a stronger and more professional investment office than the one I found when I arrived.". Search for Executive Vice President and Chief Financial Officer, Chief of Staff and Special Counsel to the President; Chair, Search Advisory Committee, Charles Field Knight Dean of the Cornell SC Johnson College of Business, Vice President and Chief Human Resources Officer, Senior Associate Dean for Clinical Affairs, Weill Cornell Medicine, Chief Administrative Officer, Cornell Tech. We are immensely proud to have Ken leading our investment team. The university recognizes the need for personal telephone use, but expects individuals to pay directly for personal long-distance telephone calls. About Building the new economy in Web3. East Hill Office Building Accordingly, he and the university have agreed that it is in their mutual interests to end the relationship. The EVP is the chief financial and administrative officer responsible for directing the services in support of the academic mission. Cornell Universitys central administration establishes all university accounts with banks and other financial institutions using university funds. Senior Investment Officer: Sean Graham Senior Investment Officer, Operations (Head of Operations) Mihir Meswani Senior Investment Officer: Anthony Thai, CFA Senior Investment Officer: Roger B. Vincent Jr. Senior Investment Officer: Sean Olesen, CFA, CAIA Investment Officer: Andrew Park, CFA, FRM Investment Officer 2022 Outsourced-Chief Investment Officer Survey Aditya Misra. It is the responsibility of each operating unit to use, account for, and report such program income properly. March 2021 Quarterly Report. 1 0 obj 474 0 obj <> endobj This policy includes a chain of command, Cornell University requires that departments and units maintain control of all devices and systems that provide access to university facilities and vehicles. Each operating unit is responsible for following university procedures to achieve accurate capital asset reporting and compliance with government requirements. In this section: Search Committee ( see below) 395 Pine Tree Road, Suite 330 He was then named CIO in May 2012. Chief Investment Officer. The effectiveness of this effort is dependent on the development of periodic review of comprehensive plans. %%EOF endstream endobj 475 0 obj <>/Metadata 33 0 R/Outlines 54 0 R/PageLayout/OneColumn/Pages 472 0 R/StructTreeRoot 69 0 R/Type/Catalog>> endobj 476 0 obj <>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 477 0 obj <>stream