If university financial management were a massive ship, the chief investment officer would be its helmsman—determining both course and speed. The University of Rochester is welcoming a new leader at the helm: Geoffrey Berg, an experienced investment professional who will assume the role of Senior Vice President and Chief Investment Officer on October 1.

Berg succeeds Doug Phillips, who is retiring after steering the university's investment strategy. The appointment comes as higher education institutions face increasingly complex financial challenges, requiring sophisticated management of endowment funds and other assets.

Prior to joining Rochester, Berg served as Chief Investment Officer at the South Carolina Retirement System Investment Commission (RSIC), where he led a team managing substantial pension funds. His tenure demonstrated expertise in asset allocation, risk management, and long-term investment strategy—qualities that made him the university's choice for this critical position.

As Senior Vice President and CIO, Berg will oversee the development and execution of the university's investment strategy. His responsibilities will include managing endowment funds and other institutional assets to ensure long-term financial stability. The university anticipates that Berg's leadership will bring fresh perspectives to its investment approach, ultimately supporting academic programs, student initiatives, and institutional growth.

The transition occurs during a period of significant financial pressure across higher education, with institutions balancing the need for sustainable returns against evolving market conditions. Berg's appointment signals Rochester's commitment to maintaining strong financial foundations as it advances its educational mission.