The Harvard appointed an Indian-origin investment veteran as the CEO of the management company that oversees the university's $36 billion endowment, the largest college endowment in the world.

The Harvard Management Company (HMC) said in a statement, that, 54 years old NP Narvekar has been appointed as the president and chief executive officer of  the HMC, which manages Harvard University's endowment and related financial assets.

Harvard's total endowment is values at $35.7 billion. Narvekar will be HMC's fourth CEO in 10 years.

Narvekar said that, he is honored to join the investment organization and "help support the mission of Harvard University. HMC has an unparalleled investment platform among endowments and I look forward to working with the HMC Board and team and using my investment experience to serve Harvard in the most effective way possible".

Harvard University president Drew Faust said that, Narvekar's "leadership skills" and deep experience at the highest levels of investment management will position HMC for long-term success.

According to the HMC Board of Directors chairman Paul Finnegan, Narvekar is a highly successful endowment manager with a 14-year track record heading a large endowment, "providing steady leadership and delivering strong returns".

Narvekar holds an MBA from The Wharton School and a BA in Economics from Haverford College.

HMC was founded in 1974. It manages Harvard University's endowment and related financial assets, seeking strong investment returns to advance the University's academic mission.

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Nandini