Purdue Loses Investment Pro To Arizona State

By Jakema Lewis

August 11, 2008

Arizona State University (ASU) has hired Morgan Olsen to serve as its new executive VP and treasurer, it was announced last week. Olsen will join ASU from Purdue University where he held the same titles. During his time at Purdue, Olsen spearheaded the investment efforts for its $1.8 billion endowment fund and is credited with diversifying the university's portfolio. A source at Purdue said that a replacement has not been named for Olsen, but a search is expected to occur.

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