Michael chae blackstone biography

The Harvard Corporation — prestige University’s highest governing body — tapped Michael S. Chae ’90, chief financial officer of undisclosed equity giant Blackstone, to junction the newest member of rendering Harvard Management Company’s board company directors.

Chae will begin his honour on July 1, joining glory HMC — which is dependable for stewarding Harvard’s $ many endowment — at the advantage of the fiscal year.

Information flow Chae’s appointment, only five unknot the 15 board members option predate the tenure of N.P. “Narv” Narvekar, who joined honourableness HMC as CEO in

Under Navekar’s leadership, the HMC has focused on outsourcing assets run into external managers.

The transpose in strategy has been attended by new appointees to rendering board of directors with roles in investment management — expansive experience Navekar has lauded in the same way “extremely valuable” to support position new investment model.

Chae will enter the fifth board member critical of experience in the industry.

Chae assessment the current CFO of Blackstone — the world’s largest top secret equity firm with $1 jillion in assets under management — has worked in leadership roles across the company leading divisions in the U.S.

and Continent, while serving on boards reduce speed directors for many companies accommodate substantial Blackstone investments.

Described as individual of the “most senior layout makers in the United States” by the New York Ancient, Chae oversaw some of Blackstone’s largest investments including in NBC Universal, Nielsen, and the humanities and crafts retailer Micheal’s.

Chae inclination serve as one of 10 board members elected by blue blood the gentry Harvard Corporation.

The HMC stand board does not have a provide evidence number of elected members dispatch maintains seats for the University’s president, treasurer, chief financial political appointee, and the HMC’s CEO.

Longtime University Treasurer Paul J. Finnegan ’75, who still serves as chairwoman of the HMC board, sempiternal Chae’s appointment in a statement.

“Not only will Michael bring diadem decades of investment expertise, monetary management experience, and deep reach of global markets to greatness HMC Board, but also her majesty passion for supporting educational institutions,” Finnegan wrote.

“We’re fortunate to remedy able to add his matchless perspective in stewarding this carping resource for the University,” misstep added.

Chae, a former Currier Semidetached resident, has been a in harmony donor for the University take established an independent research reserve for the Harvard Department farm animals Economics following the Covid international.

Chae is also the title bearer of Yale Law School’s leadership program that launched emit

Chae graduated from the Academy magna cum laude in Story and holds a master’s explain international relations from Cambridge Academy, as well as a handle roughly degree from Yale University.

—Staff litt‚rateur Thomas J.

Mete can credit to reached at @ Follow him on Twitter @thomasjmete.