Stephen Blyth will become the next president and CEO of Harvard Management Company (HMC).
He will take on the role at the beginning of 2015, succeeding Jane Mendillo, who, in June, announced her plans to step down at the end of the year.
“Stephen Blyth is an extraordinarily talented investment professional with admired leadership qualities, uncommon savvy about markets and a deep dedication to the purposes of higher education,” says James F. Rothenberg, chairman of the HMC board of directors.
An alumnus of Cambridge University and Harvard, Blyth has also served in recent years as a professor of the practice of statistics in Harvard’s Faculty of Arts and Sciences.
Blyth joined HMC in 2006 from Deutsche Bank, where he was managing director and head of its global rates proprietary trading group in London. Previously, he was a managing director of the interest-rate group of Morgan Stanley in New York.
Harvard University’s endowment was valued at US$36.4 billion as of June 30, 2014.
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