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Morgan Stanley appoints Sona Menon as head of OCIO business
Morgan Stanley has appointed Sona Menon, formerly a partner at Cambridge Associates, as the new head of its $184 billion outsourced chief investment officer (OCIO) business, effective April. She replaces Alper Daglioglu, who left for Brookfield Asset Management. The OCIO sector is rapidly expanding, with assets expected to reach $4.2 trillion in the U.S. by 2028, driven by nonprofits and healthcare institutions increasingly outsourcing investment management.
UPMC and Vanderbilt join Aegis Ventures digital healthcare consortium
Aegis Ventures has expanded its digital consortium by adding UPMC Enterprises and Vanderbilt Health, joining nine other health systems to innovate healthcare technology. The consortium aims to co-develop solutions addressing key challenges in the industry, leveraging the expertise of its members. Dr. John Noseworthy emphasized the importance of health systems leading innovation to create sustainable technologies that benefit patients and providers alike.
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