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Mark Schmid

Vice President-Chief Investment Officer at University of Chicago

Mark A. Schmid served as the Vice President and Chief Investment Officer at the University of Chicago from 2009 until his retirement in September 2021. During his tenure, he significantly impacted the university's investment strategy and performance, overseeing the growth of its endowment from approximately $4.9 billion to an estimated $10 billion by the time of his retirement.12

Professional Background

Before joining the University of Chicago, Schmid held prominent positions in corporate finance and investment management. He was the Chief Investment Officer at Boeing, managing $70 billion in retirement assets, and prior to that, he spent 17 years at DaimlerChrysler in various roles, including treasurer of Chrysler Canada and CIO managing a $30 billion pension plan.23

Achievements

Under Schmid's leadership, the university's investment office not only improved its performance compared to peers on a risk-adjusted basis but also implemented a successful risk management framework. He was instrumental in enhancing diversity among external investment managers, with $1.8 billion of assets managed by minority- and women-owned firms. For these efforts, he received the University’s inaugural John Rogers Jr. Business Diversity Impact Award in 2018 and a Lifetime Achievement Award from CIO Magazine in 2016.124

Legacy

Schmid's investment strategy focused on risk management while considering liquidity and leverage, which contributed to substantial returns for the university's endowment over his twelve years in office. His approach has set a foundation for future investment strategies at the university, emphasizing internal talent development within his team.234

Highlights

Oct 18 · ai-cio.com
The University of Chicago Office of Investments Seeks New ... - Ai-CIO
May 14 · ai-cio.com
University of Chicago CIO Mark Schmid to Retire in September
University of Chicago CIO Mark Schmid to Retire in September
May 11 · news.uchicago.edu
Mark Schmid | University of Chicago News

Related Questions

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Mark Schmid
Mark Schmid, photo 1
Mark Schmid, photo 2
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Location

Greater Chicago Area