The plan interviewed a total of four consultant finalists today.
The council laid out plans to achieve an interim target by 2035.
The position will help support the plan’s private markets portfolio.
The hire resulted from a new asset allocation change.
A total of five firms submitted proposals to an RFP issued in the fourth quarter.
The move is part of the firm’s long-term succession planning.
The selected firm will help manage the authority’s bond proceeds.
The town is seeking a manager to oversee three asset pools totaling $185.1 million.
The plans’ current outsourced cio was first hired in 2019.
The assets will be indexed and no replacement search is planned.