The appointment is part of a realignment of Prudential Financial’s senior business leadership structure.
The retirement system also hired an international all-cap growth equity manager and four infrastructure managers this week.
The new director of fixed-income joined the plan from the New York State Teachers’ Retirement System.
The deferred compensation plan received one proposal in response to a general investment consultant RFP issued in July.
The senior portfolio manager had been with the plan since 2022.
The new hire has spent the past four years at investment consultant NEPC.
The retirement association was notified of a hedge fund commitment and real assets reallocation last week.
The pension plan committed $5.75 million to a new manager relationship in November.
The plan’s emerging markets large-cap core equity manager had been on watch due to underperformance.