Meet Our Team

Mark Murphy is Chief Investment Officer at Raffa Investment Advisers and has more than 15 years of direct experience serving as an OCIO and lead portfolio manager for nonprofit organizations and membership associations. In his role, Mark oversees portfolio construction, asset allocation, manager selection, and ongoing monitoring across the firm’s institutional client base.

As Chief Investment Officer, Mark works closely with investment committees and staff to implement policy-driven investment programs designed to balance liquidity needs, risk management, and long-term financial sustainability. He is known for his disciplined approach, attention to detail, and ability to translate complex investment concepts into clear, committee-ready guidance.

Since joining Raffa in 2010, Mark has played a central role in building and managing diversified reserve portfolios for associations and foundations, including organizations with multiple reserve pools and formal spending policies. As Lead Adviser, he serves as the primary portfolio manager and day-to-day investment resource for client committees.

Mark is an active participant in the nonprofit and association community and has spoken on governance, fiduciary oversight, and nonprofit investing for organizations including the Greater Washington Society of CPAs, the AICPA, BoardSource, and the American Society of Association Executives.

Prior to joining Raffa, Mark began his career at Cambridge Associates, where he supported institutional investment analysis and performance evaluation. He later worked in a senior finance role involving credit analysis and portfolio oversight, further strengthening his risk-focused perspective.

Mark is a Chartered Financial Analyst (CFA) and holds a Bachelor of Science in Business Administration with concentrations in Accounting and Finance from the University of Richmond, where he graduated cum laude.