Contact: Melynda Carter, (512) 225-1600
Date: October 2, 2007
Zimmerman Appoints Cathy Iberg President of UTIMCO
AUSTIN - Cathy Iberg has been named president of The University of Texas Investment Management Co. (UTIMCO). Announced Tuesday (Oct. 2) by UTIMCO's CEO and Chief Investment Officer Bruce Zimmerman, was approved by the Board of Directors of UTIMCO in Austin on Sept. 21. Iberg will continue to serve as the deputy chief investment officer of the organization.
"This appointment is in recognition of Cathy's long-standing dedication and contribution to UTIMCO, coupled with some additional new responsibilities. Cathy is an excellent investor with a proven track record," Zimmerman said. "As such, the Board and I have asked her to take the lead in coordinating UTIMCO's investment process."
Prior to assuming her current position with UTIMCO, Iberg served in various capacities, including interim president, CEO and chief investment officer, managing director of marketable alternative investments and other senior management positions. Her employment with the organization dates back to April 1991, when she joined the UT System Office of Asset Management, the predecessor to UTIMCO. Prior to joining UT System, Iberg practiced in the area of public accounting for 15 years. She earned a bachelor's degree in accounting from Southern Illinois University and is a certified public accountant.
UTIMCO is a 501(c)(3) investment management corporation whose sole purpose is the management of investment assets under the fiduciary care of the Board of Regents of The University of Texas System. Created in March 1996, UTIMCO is the first external investment corporation formed by a public university system in the nation. It invests endowment and operating funds in excess of $21 billion.
UTIMCO is governed by a nine-member board of directors. The UTIMCO Board of Directors includes three members of The University of Texas System Board of Regents, one member selected from a list provided by The Texas A&M University System Board of Regents, the chancellor of The University of Texas System, and four outside investment professionals appointed by the UT System Board of Regents.