SMU CIO Michael Condon resigns without successor
Michael Condon, SMU’s chief investment officer and treasurer, resigned March 24 after serving eight years in the position. His resignation leaves SMU’s $1.5 billion endowment without an overseer.
Spokesman Kent Best said in an email the university will follow its normal procedures for finding Condon’s replacement. Best did not comment on the reason for Condon’s departure.
Christine Regis, vice president for business and finance, will serve in an interim role until the position is filled.
According to the Dallas Morning News, “This is the third departure from the endowment team since October, including Adrienne Bowyer Smith, an investment analyst, who confirmed in a phone interview” that she left last week.
Condon’s resignation comes after the February announcement that SMU’s endowment is again under congressional scrutiny regarding tax preferences and conflicts of interests regarding those making investment decisions.