Commonfund, an investment management firm in Wilton, Conn., has hired Catherine Keating as its chief executive.

Keating most recently served as head of investment management at JPMorgan Chase, where she was responsible for more than $700 billion in client assets. She also previously served as CEO of the company's U.S. Private Bank and as global head of its wealth advisory and fiduciary services business.

Keating was also a director of the JPMorgan Foundation and executive sponsor of the company's Women's Interactive Network.

Her appointment at Commonfund — a firm that primarily serves nonprofit institutions and pension plans — is expected to start in February.

Keating's "proven leadership in asset management, track record for building and leading teams and commitment to working with nonprofit organizations, along with her open and direct management style, made her the ideal candidate for the position," Robert Litterman, Commonfund's chairman, said in a press release Monday.

Keating succeeds Verne Sedlacek, who has been Commonfund's CEO since 2002.

Keating was named one of the Most Powerful Women in Finance by American Banker in 2008 and 2013.

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