Boaz Blumovitz

Boaz oversees finance, investments, accounting, real estate, technology, insurance and risk management for JUF since 2015.

His fiduciary responsibilities extend to over $2.75 billion in total group assets and an annual budget of $200 million, with more than $500 million of annual revenues. Boaz oversees an investment portfolio of $1.25 billion, the use of almost 1,000,000 square feet of real estate in 24 locations, and a debt portfolio of $100 million, as well as IT infrastructure, applications and services for nearly 1,000 users.

Among Boaz’s accomplishments at JUF are: changing the investment management model to meet the needs of the various associated endowments; strengthening the balance sheet and corporate structure including reduction of debt exposure by 75% without any effect on existing or new programs, and consolidating the organization’s two main entities; significantly improving the funded ratio of all retirement plans;  introducing digital transformation, including the organization’s migration to the Salesforce platform, in addition to other software packages and processes to increase efficiency; right-sizing the real-estate portfolio; and successfully closing on several construction and renovation projects for JUF and its agencies.

One of the important results was the recent upgrade of JUF’s credit rating by Moody’s, the second time in three years, to Aa1 (AA+), its highest ever.

Prior to JUF, Boaz spent 25 years in banking and finance in Chicago, Palo Alto, London and Tel Aviv, primarily in high-tech and venture lending, structured finance, commercial real estate banking, wealth management and investment banking, foreign exchange markets and middle market lending.

Boaz earned his bachelor’s degree in economics and business administration from Tel Aviv University and his master’s in business administration from the University of Hartford. He also graduated from Stanford University’s Executive Program in Financial Management, and the Wharton School’s Business Analytics program.