According to The N.Y. Times today, March 19, Oxford Vice Chancellor Andrew Hamilton will be taking over the reins in January 2016 from John Sexton as the 16th President of New York University.
N.Y.U. has a modest endowment relative to other large private universities with global scope and aspirations.
Dr. Hamilton said that he would continue teaching and conducting research. Dr. Hamilton is 62 and has been Vice-Chancellor of Oxford since 2009. He was previously Provost at Yale University and Professor of Chemistry and Molecular Biophysics.
At Oxford, seeking to recover from cuts in government financing of universities initiated by Prime Minister Margaret Thatcher and continued by subsequent administrations, he was effective in raising the level of fund-raising. He led what Oxford has described as the largest fund-raising campaign in European university history.
Dr. Hamilton is likely to be paid more than at Oxford, where he earned £442,000, or $660,000. Dr. Sexton earned $1.5 million in total compensation in the 2012-13 school year, according to publicly available tax returns.
N.Y.U. picked Dr. Hamilton from more than 200 nominees. It did not disclose the other candidates, another candidate was reportedly Michael Lynton, chief executive of Sony Entertainment.