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Membership – up to seven

Independent Council members – (at least two)

Fields Wicker-Miurin (Chair), Chair of Planning & Resources Committee

Alan Leibowitz, Independent Council member

Ex-officio members

Professor Christoph Lindner, President and Vice-Chancellor

Amanda White, Chief Financial Officer

Co-opted member(s) – at least one

Guy Davies (until 31 October 2025)

Howard Jenner (until 31 March 2024)

In attendance

Zioge Smith, College Secretary

Terms of membership

Appointment to the Investment Subcommittee is made by Council on the recommendation of the Nominations Committee. Independent members and co-opted members shall serve up to two terms of three years. In exceptional circumstances, a third and final term may be recommended by the Nominations Committee for approval by Council i.e for Council members, membership of Council committees or subcommittees is co-terminus with Council membership, unless otherwise agreed.


Three members, the majority of whom shall be independent members.

Terms of Reference

  1. To review and recommend the College’s Investment Policy to the Planning & Resources Committee for approval.
  2. Review and recommend a long-term investment strategy to meet investment objectives in the Investment Policy to the Planning & Resources Committee.
  3. Recommend the appointment or termination of investment consultants where appropriate to the Planning & Resources Committee.
  4. Recommend the appointment or termination of investment manager(s) to the Planning & Resources Committee.
  5. Agree the terms of appointment of investment consultants or managers including the level of portfolio management discretion, custody and dealing arrangements and fees.
  6. Monitor the long-term performance of the investment portfolio against the investment objective, ensuring compliance with the Investment Policy.
  7. Periodically review the fees paid and appraise value for money.
  8. To report investment performance to the Planning & Resources Committee.


At least two per year.


The Investment Subcommittee meets at least two times per year.

  • 2 October 2024
  • 29 January 2025
  • 7 May 2025