Selected firm was one of three candidates.
The plan last conducted a search over 10 years ago.
Incumbent’s contract will expire on March 31.
The plan retained its incumbent following a similar search conducted in 2015.
The current executive director and cio is retiring in August.
The plan’s incumbent was first hired in 2016.
The plan last conducted a similar search in 2015.
The executive director will be part of the firm’s business development team.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
The plan’s incumbent is underperforming and will see its contract is expire this year.