Investment Committee

The members of the Boston Foundation's Investment Committee include:

Andrew Arnott, Chair of Investment Committee
Term expires June 30, 2021*

Andrew G. Arnott is President and Chief Executive Officer of John Hancock Investments, a wealth management business of John Hancock Financial, the U.S. division of Toronto-based Manulife Financial Corporation.

Mr. Arnott brings a wealth of organizational and industry expertise to this role, including more than 20 years of experience in the asset management industry. Since 2012, he has led all aspects of John Hancock Investments’ business, from investments, sales, marketing, finance, and product development to operations and technology. Mr. Arnott is also President of the trusts for the John Hancock Group of Funds, with general responsibility for overseeing day-to-day management of fund business and operations, serving as Chief Executive Officer of all funds, acting as liaison between management and the funds’ Board of Trustees, and presiding over Trustee and shareholder meetings.

In his prior position as Executive Vice President and Chief Operating Officer of Investment Management Services, Mr. Arnott was responsible for all asset manager relationships across the John Hancock Investments and Manulife Financial platforms in the United States and Asia.

Mr. Arnott holds FINRA Series 6, 7, 24, and 63 licenses. He serves on the Board of Overseers for the Boys & Girls Clubs of Boston, the Board of Directors for the Boston Foundation, the Board of the Mt. Mansfield Winter Academy, and the ICI Board of Governors.

Paul Gannon
Term expires June 30, 2022

Paul Gannon is a former Partner, Chief Operating Officer and member of the Management Committee of The Baupost Group, L.L.C., an investment management firm based in Boston. Prior to joining Baupost in 1991, Paul served as the Chief Financial Officer for the Real Estate Group of Bank of Boston and was the Vice President of Finance for a chain of home centers. Paul earned his CPA designation while working with Ernst and Whinney in Boston and Sydney, Australia, after graduating from the University of Virginia.  Paul serves on the Board of Directors of Opportunity Solutions International, the Boston Foundation and Tenacity, on the Board of Advisors of The Baupost Group LLC and is Chair of the WBUR Board of Overseers.

Ronald P. O'Hanley
Term expires June 30, 2024

Ron was named president and chief operating officer of State Street Corporation in November of 2017. He is responsible for State Street’s Global Services and Global Markets businesses, Information Technology, Global Operations, and Global Exchange (State Street’s data and analytics business). He is also a member of State Street’s Management Committee, the company’s most senior strategy and policy-making team.

Ron was previously president and chief executive officer of State Street Global Advisors (SSGA), the investment management arm of State Street Corporation and a global leader with $2.7 trillion in assets under management. SSGA provides disciplined investment solutions spanning both indexing and active strategies to many of the world's largest, most sophisticated investors.

Prior to his role at SSGA, Ron was president of Asset Management & Corporate Services for Fidelity Investments. Ron was responsible for all Fidelity Asset Management organizations, including Fidelity Management & Research Company (FMRCo), Pyramis Global Advisors, and the Asset Allocation teams. He also oversaw Finance, Human Resources, Legal, Risk, Corporate Compliance, Government Relations and Public Affairs, Enterprise Technology, and Pricing and Cash Management Services. Ron was a member of Fidelity's Executive Committee. Ron served at Fidelity from 2010 to 2014.

Prior to joining Fidelity, Ron served as president and chief executive officer of BNY Mellon Asset Management in Boston, a position to which he was named in 2007. During this time, Ron also served as vice chairman of Bank of New York Mellon Corp. and was a member of the Executive Committee. Additionally, Ron oversaw all of Bank of New York Mellon's activities in Asia. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was vice chairman of Mellon Financial Corporation and president and chief executive officer of Mellon Asset Management. He served at Mellon and Bank of New York Mellon from 1997 to 2010.

Prior to Mellon Ron was with McKinsey & Company, Inc., from 1986 to 1997. He was elected a partner in 1992. He founded the Investment Management practice worldwide and was co-founder and co-leader of the firm's North American Personal Financial Services practice. Additionally, he was a core member of the Worldwide Property & Casualty Insurance practice. During his tenure with McKinsey Ron served in McKinsey's Boston, New York, and Stockholm offices and focused globally on financial services, insurance companies, and health care payers.

Ron received his Bachelor of Arts degree in political science from Syracuse University in 1980 and his MBA from Harvard Business School in 1986.

Ron serves on the boards of Unum Corp and Rhode Island Commerce Corp. He also serves on the boards of the Boston Foundation; The Conference Board; the East/West Institute (Executive Committee); the IYRS School of Technology and Trades; Syracuse University; and WBUR. Ron is a member of Focusing Capital on the Long Term, an initiative founded by CPP Investment Board and McKinsey & Company to advance practical actions to focus business and markets on the long term. He has advised a number of technology and financial services start-ups.

Ron is an avid offshore sailboat racer. His philanthropic and civic interests include education reform, retirement/healthcare policy and funding, and market structure and operations. He is a frequent speaker and writer.

Sandra Edgerley, Board Chair (ex officio)

Sandy Edgerley graduated from Harvard University with an AB in Biology in 1984, cum laude general studies.  She graduated from Harvard Business School with distinction, receiving her MBA in 1989.  Ms. Edgerley worked at Bain & Company, a management consulting company, from 1984 to 1996 as an Associate Consultant, Consultant and Manager on the consulting staff, then as Director of Recruiting and Training.  She left Bain & Company to raise her children and pursue philanthropic efforts that help children in the Boston community.

Ms. Edgerley has been actively involved in the education and social service nonprofit arena.  She currently serves as the Board Chair of the Boston Foundation, a community foundation focusing on investing resources in impact areas including education, health, jobs, housing and the arts, in order to make greater Boston a place of opportunity for all.  Ms. Edgerley chaired the Foundation's Centennial Gala as well as the Civic Leadership Fund. She previously served for five years as the Chair of the Board of Directors of the Boys and Girls Club of Boston, (BCGB) which annually serves over 15,000 youth in the inner city of Boston and Chelsea.  She continues to serve as a director of BGCB and spends a significant amount of time focused on this philanthropic effort, where she currently chairs the Strategic Planning Initiative as well as co-chairs the organization’s Comprehensive Campaign.  Ms. Edgerley also serves on the National Board of Trustees of City Year, where she serves as a campaign co-chair. She is also a founding member of the Boston Board of Youth Villages.  Ms. Edgerley is also a trustee for the Noble and Greenough School, where she was the Co-Chair of the Long Range Planning Committee and serves on the Executive Committee and as Co-Chair of the Comprehensive Campaign.  In addition, she is a board member of Be The Change Inc., an Overseer Emeritus of the Museum of Fine Arts of Boston, a member of the Massachusetts General Hospital President’s Council, as well as a member of the Senior Advisory Board of Horizons for Homeless Children.  Ms. Edgerley has also been involved with the United Way of Massachusetts Bay as a board member from 2000 to 2012, and co-chaired the Alexis de Tocqueville Society from 1998 to 2012, helping to spearhead its growth from under 100 to over 600 members. She formerly served on the Executive Committee and chaired the Nominating and Governance Committee.

Ms. Edgerley has also been deeply involved with Harvard, currently serving along with her husband Paul Edgerley, as a co-chair of The Harvard University Campaign as well as a co-chair of the Harvard Campaign for the Faculty of the Arts and Sciences.  Ms. Edgerley previously served as Co-Chair of the Harvard College Fund, served as Co-Chair of her 25th and 30th Reunions and, along with her co-chairs, received the Richard T. Flood ’27 Award for Reunion Performance in 2009.   She has also served on the Harvard Business School Board of the Dean’s Advisors, and co-chaired her 20th and 25th HBS Reunions. 

In 2012, Ms. Edgerley received The New England Chapter of the National Association of Corporate Directors’ Award for Leadership in Nonprofit Governance.  Ms. Edgerley, along with Mr. Edgerley received the United Way of America’s National Tocqueville Award in 2011. She received an Honorary Doctorate from Newbury College in 2006. 

Ms. Edgerley, her husband, and their four children live in Brookline, MA.

Paul S. Grogan (ex officio)

Paul S. Grogan serves as President and CEO of The Boston Foundation.  With assets of more than $850 million, The Boston Foundation distributed over $75 million to nonprofits throughout the community in 2011.  He joined the Foundation from Harvard University where he was Vice President for Government, Community and Public Affairs.  Prior to 1998, he was President and CEO of the Local Initiatives Support Corporation (LISC), raising and investing over $3 billion across America and contributing to a string of policy successes, including the Low Income Housing Tax Credit.  His passion for cities began in Boston working for the administrations of Mayors Kevin White and Raymond Flynn where he headed neighborhood revitalization efforts in the early 1980s.

Mr. Grogan graduated with honors from Williams College, earned a Master’s degree from the Harvard Graduate School of Education, and was awarded a Bicentennial Medal from Williams College. He is the founder and a director of The Community Development Trust, a director of New Profit Inc., and a trustee of Brandeis University.  He is co-author with Tony Proscio of the book, Comeback Cities.

Grace Fey (ex officio)

Grace Fey, CFA, is President of Grace Fey Advisors. For 20 years, Ms. Fey was a partner at Frontier Capital Management Co., LLC, serving as Executive Vice President and Director of the $7 billion investment management firm located in Boston, Massachusetts.

Ms. Fey currently serves as a Trustee of the John Hancock Financial Services Funds and is on the Board of Directors of the Fiduciary Trust Co., Tufts Medical Center and the Museum of Fine Arts. Ms. Fey is the recipient of the David Knapp Award for Trusteeship from the New England Board of Higher Education and the Big Sister Association of Boston Leadership Award. She is a member of the Massachusetts Women’s Forum and the Boston Club. Ms. Fey graduated from the University of Maryland with a B.A. in English and lives in Boston with her husband, Ted.

Ms. Fey served as Chair of the Investment Committee until the expiration of her term on the Board of Directors in June 2019

Read Balancing Risks and Returns: A Conversation with Investment Committee Chair Grace Fey.

George C. Wilson
Chief Investment Officer

George Wilson has been active in the investment field for more than thirty years. His career has included serving as a Senior Investment Officer at Pension Reserves Investment Management, the $50 billion Massachusetts public pension plan, with responsibility at various times for overseeing its real estate, REIT, timber, and private equity portfolios. He also was a Vice President for Asset Management with GE Capital Investment Advisors, Inc., a partner with the New Jersey based investment banking firm of Robert A. Stanger & Co., and a certified public accountant at Price Waterhouse.

George earned a BS in accounting and an MBA from Babson College, and a master’s degree in taxation from Bentley College.


Prime Buchholz
Investment Consultant

Prime Buchholz has served as an independent investment consultant for two decades, partnering with clients to create and extend their investment programs. It advises more than 260 institutional and private clients ranging from non-profits and corporate entities, to high net worth families. The company was founded in 1988 in Portsmouth, N.H., and today it employs over 100 investment professionals and support staff with offices in Portsmouth, Boston and Atlanta.

*Eligible for another five-year term.

For the Boston Foundation Investment Policy, click here.