Commonfund Hires JPMorgan’s Catherine Keating as CEO

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Commonfund, which oversees $25 billion of assets for nonprofit clients, hired Catherine Keating, head of investment management at JPMorgan Chase & Co., as chief executive officer.

Keating, namedBloomberg Terminal one of 25 most powerful women in banking in 2008 by the publication U.S. Banker, will replace Verne Sedlacek as CEO, Commonfund said today in a statement. She will start in February, according to the Wilton, Connecticut-based money manager.