I am pleased to share a new leadership structure in Brown University's Investment Office that will enhance the University's ability to optimally manage its existing financial investments and cultivate new investment opportunities.

Effective July 1, Joseph Dowling III - Brown's current chief investment officer - has taken on the newly created role of chief executive officer of the Investment Office. Jane Dietze, previously managing director, has become Brown's vice president and chief investment officer.

Joe and Jane will work directly with the Investment Committee of the Corporation of Brown University to implement the investment strategy for the University's $3.7 billion endowment. Their new appointments recognize the incredible talent in the Investment Office and reflect an approach at many leading investment offices in which CEO and CIO positions complement each other in developing new investment opportunities and managing existing investments.

In his new role as chief executive officer, Joe will lead the development of new partnerships for the Investment Office, cultivate investment opportunities for Brown and support the University more broadly on key strategic projects. Jane will manage the Investment Office's operations and lead the capital allocation and investment process for Brown with the goal of continuing to achieve superior, risk-adjusted returns over time.

In addition to the new roles held by Joe and Jane, Joshua Kennedy will become the Investment Office's managing director. Joshua is a 1997 graduate of Brown and joined the office as investment director in 2016.

Joe has been chief investment officer at Brown since June 2013, and Jane joined the Investment Office as managing director later in the same year. Since then, Brown's endowment has grown to $3.7 billion (from a market value of $2.6 billion in 2012), produced more than $1.3 billion in investment returns and contributed more than $800 million to support Brown's operating budget. The purpose of Brown's endowment is to provide financial stability and support in perpetuity to the University's educational mission and to contribute to the academic endeavors of both current and future students. You can read more about the leadership change in the University's news announcement:


Brown is fortunate to have an outstanding team in our Investment Office dedicated to supporting Brown's educational mission for generations of students to come.



Christina Paxson​