Alaine Zachary, the hospital’s vice president of treasury and chief investment officer, has served in the role since 2015. During her tenure, she built its total assets from $160 million to around $1.1 billion, according to the publication.
Graystone Consulting — Morgan Stanley’s outsourced chief investment officer unit, which previously served Ms. Zachary’s office as a consultant — will now handle the hospital’s assets, the publication reported.
Vanderbilt University Medical Center declined Becker’s request for comment; Morgan Stanley did not return it.
The move bears similarity to a recent reshuffle from Hartford HealthCare. On Sept. 20, the Connecticut-based health system fired its entire investment staff — including chief investment officer David Holmgren, who served in the role since 2010, according to Institutional Investor. Hartford HealthCare also took its $4.3 billion in assets to Morgan Stanley.
