Johns Hopkins University has named Michael Barry vice president of investments and chief investment officer, a university spokesperson confirmed. Barry will oversee the Baltimore-based university’s $13 billion endowment starting in February.
A Maryland native and Hopkins alum, Barry was CIO of Georgetown University’s endowment since 2011. Executive recruiting firm BraddockMatthewsBarrett conducted the search for a new CIO on the school’s behalf.
“JHU was interested in a sitting CIO who brought strong leadership and communication skills combined with a proven investment track record,” BraddockMatthewsBarrett’s David Barrett told Institutional Investor. “After 14 years in the CIO seat at Georgetown, combined with his earlier CIO experience and strong overall industry reputation, Mike was an outstanding choice for this role.”
Barry replaces Jason Perlioni, who was with Johns Hopkins for seven years before leaving at the end of June “to focus more time and energy on his family and new opportunities in the Chicago area, where he has lived for the past few years,” according to a previous statement from the university.
During Barry’s tenure at Georgetown, the endowment grew from approximately $1 billion to $3.7 billion. Chris Gill, a managing director in Georgetown’s investment office, will serve as interim CIO while the school conducts a national search for Barry’s successor.
The changing of the guard at JSU’s endowment comes at a time when CIO turnover among endowments is higher than normal, with other high-profile institutions like Princeton, Rice, UFICO, and the MacArthur Foundation also seeing leadership changes.
