UFICO announces appointment of its next Chief Executive Officer & Chief Investment Officer

Kent Fuchs, Interim President

I am pleased to announce that the University of Florida Investment Corporation has named Mark Baumgartner, a 25-plus-year veteran of the investment industry, to be its next chief executive officer and chief investment officer starting in January 2025.

Mark will succeed Bill Reeser, UFICO’s current CEO/CIO, who is retiring at the end of this year. Reeser announced his retirement to the UFICO Board of Directors earlier this year to provide sufficient time for a successful leadership transition.

Bill has served as UFICO’s CEO/CIO since 2014. During his leadership, UFICO’s assets under management grew from $2.7 billion to over $6 billion today, and the university’s long-term pool was able to fund over $1 billion in support for the university and its programs.

Mark’s previous experience includes serving as the chief investment officer for the Carnegie Corporation of New York and for the Institute for Advanced Study in Princeton, New Jersey. He also co-led Morgan Stanley Investment Management’s institutional solutions group and served as director of asset allocation and risk for the Ford Foundation.

Mark received his doctorate in aerospace engineering and a certificate in public policy from Princeton University and his bachelor’s degree in aerospace engineering from the University of Florida. He also holds the Chartered Financial Analyst designation.

Mark’s decades of experience in investments make him an excellent choice to lead UFICO. He is well known in the industry, and I am confident he will provide the steady and assured guidance that is needed in such an important position.