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.
The plan hired all incumbents in its high-yield fixed-income and general investment consultant searches.
Consideration of private equity comes as part of an asset allocation study expected for review this week.
The current cio has departed the plan after less than 18 months in the position.
The plan committed to existing managers’ latest funds.
Search is for two managers to handle nearly $500 million in total.
Plan will interview two emerging markets and four developed markets equity managers as finalists in its ongoing searches this summer.
The current director of investments has served in the role since 2019.