Arthur W. Roos, a money manager with more than 25 years' experience and treasurer of Case Western Reserve University, has been appointed treasurer of The Johns Hopkins University.
Roos will oversee the university's debt, banking and cash relationships and operations, insurance and risk management, short-term assets, and receipt of securities gifts and technology licensing stocks.
He is expected to begin work Nov. 1. He will report to James McGill, senior vice president for finance and administration.
Roos will replace the retiring William Snow, who will continue in his role until Roos arrives. McGill said that Roos is "very familiar" with the management of institutional assets and will step easily into Snow's position.
"Art will be a terrific successor to Bill Snow, who has performed invaluably since 1987," McGill said. "Art has performed remarkably well at Case Western, and he has the professional and personal character to be a very successful treasurer here."
Roos, treasurer at Case Western Reserve in Cleveland since 2002, said he was attracted to Johns Hopkins by the strength of the university's leadership team, the excellence of its academic programs and its prominence among major research universities.
"I hope to contribute by supporting the administration and the divisions with a focus on the effective management and protection of the university's assets," Roos said.
Roos will not manage Johns Hopkins' endowment and other investments. In 2004, the university split those responsibilities from the Office of the Treasurer and created the position of chief investment officer. The move came in recognition of the increasing complexity of endowment management and treasury operations both at Johns Hopkins and at universities across the country.
A native of Albany, N.Y., Roos studied at Manhattan College, where he earned an undergraduate degree in civil and environmental engineering. He earned his M.B.A. in finance at Syracuse University.
Roos' professional background includes senior level experience in both higher education finance and the corporate environment. At Case Western, he planned and managed the largest financing in the school's history and negotiated $110 million in bank credit as interim financing for a new research building. He also improved the design of the student medical plan by broadening benefits, simplifying administration and freezing premiums for three years.
Previously, Roos served for 25 years at Niagara Mohawk Holdings Inc., a Fortune 500 energy services company in upstate New York. At Niagara Mohawk, Roos worked his way up from a financial analyst position to become vice president and treasurer. During his time with the company, Roos was awarded the Alexander Hamilton Award for Excellence in Corporate Finance by Treasury and Risk Management magazine and received a Deal of the Year award from Investment Dealers Digest. He also managed the largest high-yield financing of the 1990s, a $3.45 billion transaction.
Go to Headlines@HopkinsHome Page