Registered investment advisor CW Advisors is being sold to wealth management firm Osaic.
The pension plan recently hired three private debt managers as part of an ongoing search.
The new senior managing director will focus on the financial services sector.
The firm will manage an initial $150 million allocation for the fund.
The retirement association expects to select a manager in the fourth quarter.
The retirement plan hired several managers to move toward its new asset allocation policy.
The new portfolio manager will focus on the global equity team’s investments in financial companies.
The new executive director has held the position on an interim basis since January.
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.