The financial services group serving the Episcopal Church, Church Pension Group, named J.P. Morgan executive Michael Hood as its new chief investment officer.
Hood formerly led J.P. Morgan’s $350 billion multi-asset solutions division and replaces Roger Sayler, who is retiring after nine years at the Church Pension Group, which oversees a $17 billion pension fund as well as life, health and other benefits for clergy and lay employees of the Episcopal Church, which is headquartered in New York.
“We are excited to have Michael join the Church Pension Group as Chief Investment Officer,” said Mary Kate Wold, CEO and President of CPG. “His impressive background in developing portfolio views and positioning for investors like CPG will serve our clients well and build upon the success Roger has had in managing our investment portfolio over the past nine years.”
The church’s pension as of June 2022 includes allocations to private equity (24%); real estate (10%) and private specialized strategies (4%).
“I am thrilled to serve in this role and support the Church Pension Group’s vision in serving The Episcopal Church,” Hood said. “I have long been familiar with CPG, as both my grandfather and uncle served as Episcopal priests. I look forward to building upon Roger’s achievements and ensuring that CPG remains steadfast in meeting its financial obligations to those who serve the Church.”
Prior to his role at JPMorgan, Hood was chief economist at Traxis Partners, where he analyzed economies and markets in Asia, Europe, and Latin America. He also held positions with Barclays Capital, where he served as economist and market strategist for Latin America and global emerging markets; JPMorgan and JPMorgan Chase, where he served as economist for Latin America; and the Federal Reserve Bank of New York, where he served as an economist developing risk studies.
