The Andrew W. Mellon Foundation announced today that Scott Taylor has been named Chief Investment Officer (CIO), effective September 4, 2018. Taylor will assume the CIO position previously held by John Hull, who retired on March 31, 2018, after serving the Foundation with distinction for 16 years.
In this position, Taylor will oversee the Foundation’s investment portfolio, totaling approximately $6.8 billion, and will be a member of the senior management team that advises the president on strategic and policy matters. Taylor joins the Foundation from Canada Pension Plan Investment Board (CPPIB), a professional investment management organization that invests the funds of the Canada Pension Plan.
In announcing the appointment, Elizabeth Alexander, president of the Mellon Foundation said: “Scott Taylor will be a wonderful addition to the Mellon senior team, with his keen understanding of bridging the management of the endowment and the Foundation’s ability to carry out its mission.”
Danielle Allen, chair of the Mellon Foundation’s Board of Trustees, stated: “I am delighted to welcome Scott who impressed us with his embrace of our mission, track-record of success as a team builder, broad knowledge and deep experience as an investor, and thoughtful forward-looking vision.”
Taylor is currently the managing director of investment partnerships with CPPIB, where he leads a team in managing a global, multi-billion dollar external manager program.
Eric Mindich, chair of the Mellon Foundation’s Investment Committee, said: “Scott’s breadth of experience and depth of knowledge across a wide range of investment strategies, as well as his proven leadership skills, make us confident that the Mellon Foundation will be able to continue to provide generous support to the arts, humanities, and higher education.”
Scott Taylor said of his appointment: “I am grateful for the opportunity to join the Foundation and am delighted to play a role in supporting its important work.”
Scott graduated from Wilfrid Laurier University in Waterloo, Ontario, where he was valedictorian, with a BBA in Finance. Following graduation, he joined BMO Nesbitt Burns, the capital markets division of Bank of Montreal, in Mergers and Acquisitions. He later attended London Business School, where he attained a Masters in Finance, and joined the London office of Level 3 Communications, a US-based telecommunications company, before returning to Toronto to join CPPIB.
ABOUT THE ANDREW W. MELLON FOUNDATION
Founded in 1969, The Andrew W. Mellon Foundation endeavors to strengthen, promote, and, where necessary, defend the contributions of the humanities and the arts to human flourishing and to the well-being of diverse and democratic societies by supporting exemplary institutions of higher education and culture as they renew and provide access to an invaluable heritage of ambitious, path-breaking work.