Columbia Hires Kim Lew to Run Its $11 Billion Endowment (1)

Columbia University hired Kim Lew as chief executive of its $11 billion endowment, joining a small group of women to oversee investments at the wealthiest U.S. colleges.

Lew, 53, is stepping down as chief investment officer of the nonprofit Carnegie Corp. of New York, where she has worked since 2007, and will start Nov. 2, Columbia said Thursday in a statement. She succeeds Peter Holland, who said in January that he plans to retire at the end of this month.

“In a career that has spanned three decades, Ms. Lew has established herself as a thoughtful and innovative investor ...