The plan approved a consultant switch at a board meeting today.
Global equity represents a new asset class for the retirement system.
The consultant will provide advice related to investment policies and asset allocation.
The new deputy cio joins from a Midwest state plan.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The plan’s incumbent has been serving in the role since 2017.
The plan began a search in January for an investment consultant.
The approval comes as the plan’s five-year contract with its current consultant is ending.
The plan and the cio mutually agreed to a departure.
The plan also terminated eight managers as part of a public equity implementation.