Xander Perry to Succeed May Ng as Chief Investment Officer
Xander Perry, director of Private Capital Investments at the Annie E. Casey Foundation, has been promoted to vice president and chief investment officer, succeeding May Ng, who is leaving to lead the investments team at the Robert Wood Johnson Foundation.
Perry joined the Casey Foundation in 2013 and leads the investment and management of a $1.5 billion pool of diversified private capital investments. As a senior member of the investments team, he provides guidance to support the management of other asset classes.
Since joining the Foundation 10 years ago, Perry has evaluated, selected and monitored hundreds of investments across asset classes. He has contributed broadly to the leadership of the investment team and the management of the Foundation’s endowment, including the development of the Foundation’s investment policy statement and asset allocation framework that guide investment decisions. Prior to joining Casey, Perry was a partner at a venture capital firm where he worked for 15 years investing in early-stage software and health care businesses.
“Xander brings the expertise we need at the Foundation to lead a talented investments team and ensure that our endowment will support Casey’s mission to improve the lives of children, youth and young adults in our nation,” said Lisa Hamilton, president and CEO of the Casey Foundation. “I am grateful to May Ng for her wise stewardship of our investments team for the past seven years. We are so fortunate to have the perfect successor to May right under our roof.”
Perry earned a Master of Business Administration degree from the Wharton School of the University of Pennsylvania and a Bachelor of Arts degree in English and history from Emory University. He gained his initial work experience supporting a mission-guided organization while at Emory, working as a financial analyst intern for The Carter Center’s Democracy Program at the Jimmy Carter Presidential Library and Museum.
In his new role as leader of the investment team, Perry will provide vision and oversight to manage the strategic growth of the Foundation’s $3.5 billion endowment, including the rigorous review of existing and prospective investments and strategies. He will help the team direct research and management of active portfolios that are expected to provide the greatest benefit for assets under their area of responsibility.
Perry will also provide the president, chief executive officer and Board of Trustees with regular analysis of the global economic situation related to the Foundation’s investment program.
“I am excited and grateful for this opportunity,” Perry said. “Over the past 10 years, I have gained a tremendous appreciation for how personally rewarding it is to marry my experiences and interests as an investor with the opportunity to support the Foundation’s mission to improve the future of the nation’s children, families and communities. Guiding the Foundation’s investments to serve that purpose is a responsibility I take very seriously, and I look forward to leading a team to help Casey fulfill its mission.”
Ng led Casey’s investments for the past seven years. After working as a senior investment officer at George Washington University, she joined the Foundation in 2013 and was promoted to vice president and chief investment officer two years later. During Ng’s tenure as CIO, the Foundation’s endowment grew by nearly $1 billion while investing in assets aligned with Casey’s mission. She also developed a framework for understanding and measuring diversity in endowment investments.
Perry commended Ng’s leadership style of partnership and shared accountability across the team, which he said he plans to continue.
Perry and his wife, Laurel, live in Baltimore and have three children, ages 17, 20 and 22. He will assume his new role on March 24.