David Barrett Partners Recruits Chief Investment Officer for the J. Paul Getty Trust
March 4, 2024 – David Barrett Partners has assisted in the recruitment of Katharine “K.C.” Krieger as the new chief investment officer of the J. Paul Getty Trust. Ms. Krieger will replace James Williams, who announced his intention to retire last fall after 21 years as Getty’s CIO. Ms. Krieger was appointed after an international search, involving a search committee that included investment experts from the Getty board of trustees. “K.C. brings to us deep experience in investment management and portfolio optimization, and a proven record of success and collaborative leadership,” Ms. Fleming said. “She also has served on the executive team of one of Los Angeles’ most prominent philanthropic and arts organizations, giving her an extensive understanding of the workings of cultural organizations, foundations, and the audiences we serve. I’m excited to have her join the Getty team.”
Ms. Krieger is chief investment officer of The Broad Foundations and Family Office. She has overseen the management of over $2 billion in assets for The Eli and Edythe Broad Foundation and The Broad Art Foundation, as well as the Broad family’s personal investments. Ms. Krieger has been a member of the Broad investment team for 23 years, serving as CIO since 2017. She will join Getty April 15.
During her tenure at Broad, Ms. Krieger built and managed the investment team and operations, developed and implemented an investment strategy to maximize risk-adjusted returns while ensuring access to liquidity, partnered with managers across asset classes, and led a co-investment program. Her professional involvement includes serving on the investment committee of the James Irvine Foundation, Broad Institute and BroadStage. In addition, Ms. Krieger serves on the board of trustees and co-chairs the finance committee at Marlborough School.
As chief investment officer at Getty, Ms. Krieger will manage investing of the endowment that supports all activities of Getty. Endowment earnings fund Getty’s global philanthropic operations that include the free Getty Museum and Getty Library, the visual art conservation programs of the Getty Conservation Institute, the scholarship and archives of the Getty Research Institute, and the grants issued by the Getty Foundation. The value of the Getty Trust endowment at the end of fiscal 2023 was $8.6 billion.
Related: Goldsmith & Co. Finds CIO for New York Public Library
“While it is difficult to say goodbye to my friends and colleagues at Broad, it is an honor and privilege to join Getty and help advance its global mission of supporting visual art and cultural heritage,” Ms. Krieger said. “I am committed to building upon the investment office’s strong foundation to secure and strengthen Getty’s financial well-being and ensure its continued impact on the world.”
David Barrett Partners Helps Charles Stewart Mott Foundation Recruit Chief Investment Officer
David Barrett of David Barrett Partners recently assisted in the recruitment of Nancy Orr as vice president for investments and chief investment officer of Charles Stewart Mott Foundation. She will succeed Jay Flaherty, who joined Mott in 2007 and will remain at the foundation until he retires in January 2024 to aid in a smooth transition. “We’re excited that Nancy Orr has agreed to lead our investment team,” said Ridgway White, president and CEO of Mott Foundation. “She combines experience as a CIO and a passion for investing with equal enthusiasm about advancing the foundation’s mission of promoting a just, equitable and sustainable society. I’m confident Nancy is the right person to help position the foundation as we prepare to enter our second century of grantmaking.”
Getty is a global arts organization committed to exhibiting, conserving, and understanding the world’s artistic and cultural heritage. Based in Los Angeles, Getty pursues its work with partners around the world, while sharing art, knowledge, and resources with the public online, and in-person at the Getty Center and Getty Villa.
Veteran Search Consultants
David Barrett Partners was founded in 2005 by a team of investment management recruiting industry veterans from large, multinational search firms who were drawn to establishing a focused investment and wealth management boutique.
The firm has a growing practice in the placement of CIO leadership, having placed investment officers for Harvard Management Co., University of California and Stanford Management Co. It is considered among the top boutique recruiting specialists in the field, serving traditional and alternative money managers, endowments, foundations, family offices and sovereign wealth funds.
David Barrett has over 25 years of broad-based experience in senior-level recruiting in investment and wealth management. Besides David Barrett Partners, he co-founded another buy-side boutique search firm in 2003. Previously, he spent 17 years with two global search firms, Russell Reynolds Associates and Heidrick and Struggles. He began his career in 1981 in equity research with Brown Brothers Harriman in New York. Following graduate school, Mr. Barrett returned to investment management as an equity analyst with Trust Company of the West in Los Angeles.
Related: David Barrett Partners Assists Yale University in Chief Investment Officer Search
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Executive Editor; Lily Fauver, Senior Editor – Hunt Scanlon Media
