The individual joined the university from a nearby investment consulting firm.
The new hire will develop and deepen relationships with institutional investors and consultants across the region while also overseeing strategic relationships across the U.S.
The investment officer spent the past eight years with the Illinois Municipal Retirement Fund.
The district is seeking to “consolidate providers by implementing a single vendor or a dual vendor solution.”
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The retirement plan recently terminated two underperforming domestic equity managers.
The retirement plan’s current consultant agreement has been in place since 2017.
The firm recently added three new members to its investment team.
The former director had been with the retirement system since 2013.
The plan also made a private equity commitment in June.