(New York, NY) — Following a nationwide search led by the executive search firm Korn Ferry, New York City Comptroller Scott M. Stringer announced today the appointment of Alex Doñé as the Deputy Comptroller of the Bureau of Asset Management (BAM) and Chief Investment Officer, effective immediately. In this role, Doñé will spearhead the Comptroller’s responsibilities as investment advisor to the five New York City Retirement Systems, which make up the fourth largest public pension fund in the United States with over $200 billion in assets and over 700,000 members, retirees, and beneficiaries.
“Leading the Bureau of Asset Management is one of the most critical positions in the City. The team works every day to ensure that New Yorkers who have devoted their lives to public service are able to retire with dignity and confidence. I’m thrilled to announce that Alex Doñé will serve in this role and lead the Bureau’s efforts to be a prudent steward of the pension investments and safeguard the retirement security of our beneficiaries and their families,” said New York City Comptroller Scott M. Stringer. “I know that Alex’s own commitment to public service, the combination of his depth of experience and drive, his commitment to maximize risk-adjusted returns, as well as his dedication to transparency and diversity initiatives will benefit the Bureau of Asset Management, the New York City Pension Funds, and New Yorkers throughout the five boroughs.”
“It’s an honor and a privilege to be entrusted with protecting the retirement security of New York City’s public employees and families,” said Doñé. “I am grateful to Comptroller Stringer for the opportunity to serve New York City and look forward to working with my colleagues in the Bureau of Asset Management and all of the Systems’ trustees to continue strengthening and improving the City’s pensions.”
Doñé joined BAM in 2012 and in his six years at the Comptroller’s Office he has served as Executive Director of Private Equity, the Head of Private Equity, Deputy Chief Investment Officer – Private Markets, and most recently, as the Interim Chief Investment Officer (CIO) since July of 2018. As Interim CIO, Doñé oversaw the roll-out of major new diversity initiatives including the launch of a search for an investment manager to source and invest in first-time funds and early-stage firms managed by emerging managers across multiple asset classes and an expansion of BAM’s MWBE Broker-Dealer program. In addition, Doñé is leading an effort to diversify the pension funds’ portfolios into co-investments.
Doñé brings to the role 25 years of experience as an investment manager, private equity investor and investment banker, as well as a strategic advisor and executive manager in the arenas of both government and the private sector. Immediately before joining the Comptroller’s Office in 2012, Doñé served for two years in the Barack Obama Administration as a Presidential Appointee at the U.S. Department of Commerce – Minority Business Development Agency, leading business development operations across five regional offices nationwide with significant metrics of success in terms of financings and contracts secured for small businesses and return on investment. Before that, Doñé was a consultant to a private equity firm and a Director at KPMG Corporate Finance, where he led the Retail Industry Mergers and Acquisitions group. Doñé also spent 11 years at Merrill Lynch as an investment banker in a number of sectors, and internationally. Doñé holds an AB from the Woodrow Wilson School of Public and International Affairs at Princeton University.