COLLEGE STATION, Texas — Janet Handley, who graduated Summa Cum Laude from Texas A&M University in 1975, was named Wednesday to the board of the investment company that invests money for the endowments of institutions in the Texas A&M University System and the University of Texas System.
Earlier this week, the Texas A&M University System Board of Regents recommended Handley to sit on the board of the company, commonly referred to as UTIMCO, in a seat previously occupied by University of Texas System Chancellor William H. McRaven. Last month, Chancellor McRaven relinquished his spot to make way for a representative of the A&M System. The UT System Board of Regents on Wednesday officially appointed Handley to a three-year term on the UTIMCO board.
The UT System board also Wednesday officially changed the name of the investment company from The University of Texas Investment Management Company to The University of Texas/Texas A&M Investment Management Company.
Texas A&M University System Chancellor John Sharp congratulated Handley on her new position and celebrated the new name.
“It is great to have more Aggie representation on the board of The University of Texas/Texas A&M University Investment Management Company. Janet’s background in finance and her understanding of the needs of universities, particularly Texas A&M, will serve the board very well,” Chancellor Sharp said. “I am glad, too, to see the investment company’s new name reflect its work on Aggies’ behalf.”
In 2012, Handley founded the Investment Office for the Texas A&M Foundation. She retired as from the Foundation as Vice President for Investments in December 2016. During her tenure, the foundation assumed investment management responsibilities for the long-term assets of the Association of Former Students and the 12th Man Foundation. Under Handley, assets in the long-term investment pool grew from $400 million to nearly $1.5 billion. She also introduced new software and technology to improve the office’s productivity.
UTIMCO, an acronym that will remain after the name-change, is a 501(c)(3) investment management corporation whose sole purpose is the management of investment assets under the fiduciary care of the Board of Regents of The University of Texas System.
UTIMCO is governed by a 9-member Board of Directors that includes three members of The UT System Board of Regents and four other members appointed by the UT System Board and two members appointed by the Texas A&M System Board.]
About The Texas A&M University System
The Texas A&M University System is one of the largest systems of higher education in the nation, with a budget of $4.2 billion. Through a statewide network of 11 universities and seven state agencies, the Texas A&M System educates more than 148,000 students and makes more than 22 million additional educational contacts through service and outreach programs each year. System-wide, research and development expenditures exceeded $972 million in FY 2016 and helped drive the state’s economy.
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