John Barter, chairman of the Board of Directors for the Medical University of South Carolina (MUSC) Foundation, announced the appointment of Stuart G. Ames as CEO of the MUSC Foundation, effective June 24. The charitable foundation exists to support the tripartite MUSC mission of education, research and patient care. The MUSC Foundation fully leverages its assets to invest, manage and disburse private resources in ways that help provide a margin of excellence for the university and the health system. Foundation funds support priority needs and university initiatives that might otherwise be unfunded.
“The depth and breadth of investment skills and expertise that Stuart brings to this position are impressive,” Barter said. “He has built a solid career and outstanding reputation in the financial community. We know our organization will benefit greatly from his leadership.”
Ames has held positions of increasing responsibility and accountability over his 26-year career in investment management and finance. For the past 12 years, while with King Pine Investments and Commonfund, he worked exclusively with non-profit institutions, including universities, colleges and health care foundations, serving as their outsourced chief investment officer. Ames assisted nonprofits with all aspects of management for their endowments and other portfolios, with clients ranging from $40 million to $700 million in assets.
Previously, he served as the chief investment officer for Global Hedge Strategies, a joint venture that managed customized portfolios of hedge funds for clients of the Citi Private Bank. Before that, Ames was a director at SEI Investments where he supervised all aspects of strategy and product development for the alternative investments group. He began his career at Morgan Stanley as a credit analyst.
Ames holds a bachelor of arts degree in economics from Brigham Young University and a master of business administration degree with a concentration in finance from The Wharton School of the University of Pennsylvania. He is married to Monique Irish Ames and they have three children.
Ames is assuming responsibilities held for 18 years by Thomas P. Anderson who became the CEO of the MUSC Foundation in July 2001. Anderson is retiring after a long and successful career in support of MUSC.
“Our university and health system benefit enormously from the presence and support of the MUSC Foundation as well as from the thoughtful, experienced and proactive leadership provided by their board of directors,” said MUSC president David J. Cole, M.D., FACS. “We are grateful for all that Tom Anderson has contributed, knowing that he has established a solid base that Stuart Ames will continue to leverage and build into the future.”