Bridgewater co-CEO Eileen Murray. image: Compass

Eileen Murray, a co-CEO of Bridgewater, the world’s largest hedge fund, has been announced as a new board member at real estate tech company Compass. The appointment comes at a time Murray is preparing to depart Bridgewater after more than a decade at the hedge fund. In December, Murray announced she’ll step down from the co-CEO role and leave Bridgewater by the end of March. March happens to have even just passed meaning her departure is around the corner. She has held the co-CEO role at Bridgewater since 2014.

Murray joining Compass seems like a good deal for the company. She’ll be bringing along experience amounting to nearly four decades in the finance industry. Murray notably began her career in 1984 at investment bank Morgan Stanley. She grew to hold several senior positions at the investment bank including as Global Head of Technology and Operations, Treasurer, and Controller as well as Chief Operating Officer for its investment banking and sales and trading businesses. After 18 years at Bridgewater, she joined another investment bank, Credit Suisse, as Head of Global Technology, Operations and Product Control.

“Eileen is among the most accomplished executives in the finance industry. Her wealth of experience combined with her unparalleled track record provides Compass with invaluable board leadership as we continue to pursue our mission of helping everyone find their place in the world.” Compass CEO Ori Allon touted in a press statement. Compass seems to be preparing for an initial public offering (IPO) after $1.6 billion in venture funding and a private valuation as high as $6.4 billion. Sometime last year, tittle-tattles began flying around that Compass was eyeing an IPO anytime through 2021. Adding renowned board members is a sort of conventional move by private companies looking to hit the public markets and Compass just made such move.

Compass has come a long way from its founding in 2012 as a relatively small real estate sales platform to become one that facilitated $88 billion in sales last year. The company’s platform is currently used by more than 15,000 real estate agents across more than 100 U.S. cities. In the past few years, Compass has bolstered its leadership team with industry veterans from the likes of Microsoft, Carlyle Group, Walmart and Gilt. Just about a month ago, the company named a new board member by the name of Pamela Thomas-Graham, a seasoned executive who has held board seats at public companies for more than a decade. That again hints of Compass preparing to go public.

“Compass has been in hyper-growth mode since the day it was founded,” Eileen Murray said in a press statement. “The company’s high-touch, high-tech approach has not only impacted its own bottom line, but those of Compass agents as well. This consistent focus, coupled with increasingly strong indicators of scalable, profitable growth makes this an incredibly exciting time to join the Compass Board,” She said.