Chief Investment Officer (CIO)

The Health Foundation; London; On-site; GBP 200,000 +; Full time

Job summary

A UK-based charitable foundation is seeking a Chief Investment Officer to lead its £1.2 billion endowment. The role involves developing investment strategies, managing a diversified portfolio, and collaborating with executive teams while promoting equity and inclusion. Ideal candidates will have senior level investment experience and strong communication skills. This position offers a unique opportunity to shape health and care for millions in the UK. Applications close on September 1, 2025.

Qualifications

• Extensive experience in a senior investment role within an asset owner, endowment, pension fund, family office, or consultancy.
• Proven track record in developing and implementing investment strategies and managing diversified portfolios.
• Excellent interpersonal and communication skills, particularly with boards or investment committees.

Responsibilities

• Lead the development and execution of the Foundation’s investment policy, asset allocation strategy, and risk framework.
• Oversee a globally diversified, multi-asset portfolio.
• Manage relationships with leading external investment managers, consultants, and custodians.

Job description

Shape the Future of Health and Care in the UK

The Health Foundation, one of the UK’s largest charitable endowments, is seeking an exceptional Chief Investment Officer (CIO) to guide its £1.2 billion endowment and play a pivotal role in advancing health and health care for everyone in the UK.

About The Health Foundation

As an independent charity, the Health Foundation is dedicated to improving health and health care across the UK. The Foundation’s substantial endowment enables it to fund impactful programmes, support innovation, and invest in the people and organisations shaping a healthier, fairer society.

The Role

In this influential position, reporting to the Chief Executive, the CIO will lead the development and execution of the Foundation’s investment policy, asset allocation strategy, and risk framework. The CIO will oversee a globally diversified, multi-asset portfolio that includes public and private equity, venture capital, infrastructure, real estate, and more. The role involves managing relationships with leading external investment managers, consultants, and custodians, and championing responsible investment to ensure the portfolio aligns with the Foundation’s values and mission.

Collaboration is at the heart of this role. The CIO will work closely with the executive team, the Investment Committee, and the Board to ensure investment activity supports the Foundation’s long-term charitable objectives. As a leader, the CIO will nurture a high-performing team and foster a culture of excellence, learning, and inclusion.

What We’re Looking For

The ideal candidate will have extensive experience in a senior investment role within an asset owner, endowment, pension fund, family office, or consultancy. A proven track record in developing and implementing investment strategies and managing diversified portfolios is essential, as is strong technical expertise across both public and private market asset classes. Success in selecting and overseeing external fund managers is crucial, as are excellent interpersonal and communication skills, particularly with boards or investment committees. A deep commitment to equity, inclusion, diversity, and the Health Foundation’s charitable mission is fundamental.

While not essential, holding a CFA or equivalent professional certification is desirable. Experience managing endowments or charitable funds, familiarity with responsible investment practices, and an understanding of the UK charity investment landscape and regulatory requirements would all be advantageous.

Why Join Us?

This is a unique opportunity to undertake purpose-driven work that helps shape the future of health and care for millions. The CIO will have the influence and impact that comes with leading one of the UK’s largest charitable endowments, working within a collaborative environment alongside a talented team and world-class partners. Building greater equity, diversity and inclusion in society, in the health and care system and in our own organisation are all essential parts of our commitment to building a healthy society. The Health Foundation is committed to diversity and welcomes applicants from all backgrounds, particularly those from underrepresented groups.

The Health Foundation has retained Russell Reynolds Associates to advise on this appointment. For further information about the position and how to apply, please visit: www.rraresponses.com.

The closing date for applications is 1 September 2025.