Harvard endowment president & CEO Blyth steps down

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Stephen Blyth has resigned as president and CEO of Harvard University’s endowment, Harvard Management Company (HMC), after just 18 months in the role, citing personal reasons.

The LP's chief operating officer Robert A Ettl will take on the role of interim CEO while HMC seeks to appoint a permanent replacement.

HMC has made commitments to a number of European private equity funds, including Altor's €2bn fourth fund and Vitruvian's €925m maiden vehicle.

Blyth, who will continue in a senior advisory position to the HMC board, joined the firm 10 years ago. Prior to joining HMC, he was managing director and head of the global rates proprietary trading group at Deutsche Bank and managing director in the derivative products group at Morgan Stanley.

Blyth was promoted to president and CEO of HMC in January 2015 after stints as head of internal management and head of public markets.

HMC's head of private equity, Richard Hall, will co-chair the firm's investment committee on an interim basis alongside the head of public markets and natural resources, René Canezin.