Gary Steinberg

Independent Non-Executive Director at Sarasin & Partners

With over 40 years in the investment management industry, Gary has held CIO and CEO positions at some of the largest international organizations in the private, not for profit, and official sectors, including BP, Wellcome Trust and the International Monetary Fund in Washington DC. His experience covers the oversight of long-term capital pools such as pension funds and endowments, as well as shorter term liquidity pools and reserve assets.

During his 6-year tenure at the IMF, Gary led the process which saw the creation of a $6bn in-house, multi-asset endowment funded by gold sales, as part of the Fund's "New Income Model". This complex assignment led to a transformational change in how the IMF finances itself, and required the establishment of completely new investment, governance, and operational frameworks within the Fund. Armed with these new investment powers, Gary also oversaw a strategic review of the Fund's own internal reserve assets which was approved by the Board in 2015.

Since retiring from the IMF, Gary is involved with non-executive roles at Sarasin & Partners, as well as being a Trustee of the John Ellerman Foundation, a UK not for profit, supporting the arts, environment and social action. He also serves on investment committees at the Nuffield Foundation and Gresham House PLC, and is Chairman of a small biotechnology company, Cambridge Science, in the USA.

Timeline

  • Independent Non-Executive Director

    Current role