William Moriarty retiring from University of Toronto Asset Management Corporation
After eight years at the helm, William W. Moriarty is retiring from the University of Toronto Asset Management Corporation.
“Timing is never an easy decision in the investment management business but I believe that the time is now right for me to step down from my job as President and CEO of UTAM,” Moriarty said March 21.
“I have thoroughly enjoyed this challenging and rewarding position and am proud of the results that we have achieved and the team that we have built.”
UTAM is a separately incorporated investment management entity governed by a board of directors which is elected by its members. UTAM manages the assets of the University’s Endowment Fund, its Pension Master Trust Fund and the University’s short-term investment pool. Total assets under UTAM management were $8.1 billion at the end of calendar 2015.
U of T President Meric Gertler thanked Moriarty (pictured at right) for his contributions to the University, especially during the time of turbulent market conditions and ever-changing economic conditions.
“Over the past five years the returns generated by Bill and his team have meaningfully exceeded the University of Toronto benchmark and targets,” Professor Gertler said. “They have demonstrated an ability to consistently add value and for this we are truly grateful.”
John Switzer, the chair of the UTAM Board, also thanked Moriarty and commended him for the leadership he has given to UTAM over the past 8 years.
“Bill leaves UTAM with the knowledge that his legacy is one of solid returns achieved through disciplined manager selection and risk management systems and processes, all applied by a team of skilled and capable people -a team Bill assembled.”
Before assuming the role of president and CEO of UTAM, Moriarty was a vice-chair of RBC Capital Markets. In addition, he has served on several community, industry and public boards. He holds a BA from the University of Toronto, an MA from the University of Chicago and he is a Chartered Financial Analyst.
His retirement is effective April 15, 2016. The UTAM Board and the University are working together to ensure continuity and a smooth transition to a successor.