Investopedia

Chief Investment Officer (CIO) Chief Information Officer (CIO)
The executive position responsible for a company’s investment portfolios. The chief investment officer (CIO) usually oversees a team of professionals that have responsibilities such as managing and monitoring investment activity, managing pensions, working with external analysts and maintaining good investor relations. They will also develop short-term and long-term investment policies. A company executive who is responsible for the management, implementation and usability of information and computer technologies. The CIO will analyze how these technologies can benefit the company or improve an existing business process and will then integrate a system to realize that benefit or improvement.
For example, a CIO could be responsible for the investment activities of a university’s endowment. They would report to the trustees, develop a strategic asset-allocation plan and make recommendations on investments or use of outside money managers.
The role of the CIO is often combined with other areas of finance within a company and taken on by the chief financial officer (CFO). The corporate title CFO is seen much more often than the CIO.
The number of CIOs has increased greatly with the expanded use of IT and computer technology in businesses. The CIO will deal with matters such as creating a website that allows the company to reach more customers or integrating new inventory software to help better manage the use of inventory.

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