Ana Marshall

Vice President and Chief Investment Officer

Ana Marshall, CFA, brings 34 years of investment experience to her role of Vice President and Chief Investment Officer for the William and Flora Hewlett Foundation. She is responsible for asset allocation and strategic investment policy recommendation and implementation of the nearly $12 billion endowment portfolio. She leads the investment team portfolio construction, risk management, and liquidity modeling efforts. Ana retains primary responsibility for the selection and oversight of external managers in global equities, having led the team’s efforts in distress/credit, fixed income, derivative strategies, and absolute return since joining the foundation in 2004.

From 1993 to 2003, she served as a Senior Portfolio Manager of global and emerging market equity portfolios at RCM Capital Management. Prior to RCM, Ana worked as an analyst/portfolio manager of emerging market debt and equity portfolios at Bank of America. Ana began her career in 1986 as a research analyst of high yielding assets, including corporate debt, distressed debt, and emerging market sovereign bonds.

Ana graduated Magna Cum Laude from University of San Diego in Economics, and earned her Chartered Financial Analyst designation in 1989. She was born and raised in Mexico City and is fluent in Spanish and French. She serves on the advisory boards of Children’s Investment Fund Foundation (CIFF), Bayshore Global Investments, and PIMCO as well as the Skoll Foundation and the U.S. Soccer Federation investment committees. Ana is also a member of the Council on Foreign Relations.

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