The Health Foundation

Chief Investment Officer; Manchester; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading charitable endowment in the UK seeks a Chief Investment Officer (CIO) to guide its £1.2 billion endowment. The CIO will lead investment strategies and oversee a diversified portfolio while promoting equity and inclusion. This role offers a unique opportunity to influence health and care for millions. A commitment to responsible investment practices and strong interpersonal skills are essential. The closing date for applications is 1 September 2025.

Qualifications

• Experience working within an asset owner, endowment, or consultancy.
• Success in managing diversified portfolios.
• Familiarity with responsible investment practices.

Responsibilities

• Lead investment policy and asset allocation strategy.
• Manage relationships with investment managers and consultants.
• Ensure investment supports the Foundation’s charitable objectives.

Skills

Extensive experience in a senior investment role

Proven track record in developing investment strategies

Strong technical expertise across asset classes

Excellent interpersonal and communication skills

Commitment to equity, inclusion, diversity

Education

CFA or equivalent professional certification

Job description

The Health Foundation

Chief Investment Officer

United Kingdom

2507-109L

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.
• Strong technical expertise across both public and private market asset classes.
• Success in selecting and overseeing external fund managers is crucial.
• 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.
• While not essential, holding a CFA or equivalent professional certification is desirable.
• Experience managing endowments or charitable funds is advantageous.
• Familiarity with responsible investment practices is advantageous.
• Understanding of the UK charity investment landscape and regulatory requirements is 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 under‑represented 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 review the position specification below.

The closing date for applications is 1 September 2025.