WILTON, CT, January 11, 2010 - Commonfund, the leading manager of investment funds for nonprofit institutions, today announced the appointment of Bruce Zimmerman, Chief Executive Officer and Chief Investment Officer, The University of Texas Investment Management Company, Keith (Kim) M. Schappert, President, Schappert Consulting LLC, and Robert B. Litterman, former Managing Director and Head of Quantitative Resources, Goldman Sachs Asset Management, to its Board of Trustees.
"We are extremely pleased to add Mr. Zimmerman, Mr. Schappert and Mr. Litterman to our Board of Trustees, and their collective abilities will only further solidify our leadership position," said Verne O. Sedlacek, President and Chief Executive Officer, Commonfund.
Mr. Zimmerman is CEO and Chief Investment Officer, The University of Texas Investment Management Company (UTIMCO).
, investing approximately $20 billion, is one of the nation's largest endowments.
Prior to joining UTIMCO, Mr. Zimmerman was CIO and Global Head of Pension Investments at Citigroup.
Previously at Citigroup, Bruce had been Chief Financial Officer and Chief Administrative Officer for Citigroup Alternative Investments, which invested over $90 billion in proprietary and client capital across a range of hedge fund, private equity, private real estate equity and structured credit vehicles.
Before joining Citigroup, Mr. Zimmerman spent approximately thirteen years at Texas Commerce Bank/JPMorgan Chase in a variety of capacities including Merger and Acquisition Investment Banking, Internet and ATM Retail Management, Consumer Marketing and Financial Planning, Strategy and Corporate Development.
Prior to that, he was a Manager at Bain & Company in the Boston office.
Mr. Zimmerman graduated Magna Cum Laude with a Degree of Distinction from Duke University and received a MBA from Harvard Business School where he graduated with First and Second Year Honors.