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N.P. "Narv" Narvekar Named Columbia's Vice President for Investment

N.P. "Narv" Narvekar

President Lee Bollinger has named N.P. "Narv" Narvekar, managing director of the Office of Investments at the University of Pennsylvania, as Columbia's new vice president for investments. Narvekar will assume the post on July 8.

At Columbia, Narvekar will be responsible for managing the University's $4.3 billion endowment, which has earned an average annual investment return over the past decade of 13.4 percent. Narvekar's appointment is the culmination of a nationwide search headed by University Trustee and Investment Steering Committee Chair John Chalsty.

"I could not be more pleased that someone of Narv Narvekar's intelligence, experience and judgment will be joining the University as steward of the University's endowment," Chalsty said.

Said Narvekar: "I am very excited about the challenges and opportunities ahead as well as the chance to work with the Columbia investment team, the Investment Steering Committee and the Columbia community."

Narvekar brings to the post extensive investment experience both on Wall Street and in an endowment management setting. As managing director at the University of Pennsylvania's Office of Investments since 1998, Narvekar served as its deputy director, playing a central role in shaping the asset allocation of Penn's $3.2 billion endowment, particularly in the areas of private equity and other alternative investments.

Prior to that, he spent 14 years with J.P. Morgan and Company, including six years as managing director in the Equity Derivatives Group. A Phi Beta Kappa graduate in economics from Haverford College, Narvekar earned a master's in business administration from the University of Pennsylvania's Wharton School.

Narvekar succeeds Bruce M. Dresner, who served Columbia as vice president for investments since 1990, and who left Columbia to join the Quellos Group, LLC, an investment management services firm.

Published: Jun 26, 2002
Last modified: Sep 18, 2002

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