Columbia University Investment Management Co., the investment management firm for the school's USD4.3 billion endowment fund, has hired Peter Holland, U.S. head of marketing and structuring of equity derivatives at JPMorgan in New York, as an executive v.p. The endowment fund uses over-the-counter derivatives including equity swaps and foreign exchange puts and calls, according to its financial statement.
In his new role Holland reports to Nirmal Narvekar, managing director, who did not return calls. Holland, who recently left JPMorgan after being on sabbatical since the summer, was on vacation and could not be reached. Scott Harrington, managing director at Merrill, has taken over most of Holland's responsibilities, according to a JPMorgan insider. Adam Castellani, spokesman in New York, declined comment.