Tom Olson is the new chief investment officer for the University of Wisconsin Foundation.
Olson succeeds David Erickson, who left to become chief investment officer for Ascension Health, a hospital conglomerate based in St. Louis. Erickson is the organisation's first CIO. He reports to Anthony Speranzo, senior vice president and chief financial officer.
Olson had been a director of investments at the $2.3 billion foundation since 2005 and, prior to that, had spent seven years working for the State of Wisconsin Investment Board, where he managed the private equity portfolio.
The University of Wisconsin's endowment portfolio has a 30%