The new hire will manage the firm’s approximately $25 billion real estate debt portfolio covering roughly 380 assets in the U.S.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The new head of wealth/strategic initiatives for WTW’s U.S. investments business has been with the firm since 2011.
The hire concludes an RFI launched in July.
The growth equity firm’s third fund was oversubscribed.
The pension plan made a $24 million commitment to an existing real estate manager relationship in October.
The board replaced its international large-cap value equity manager in October due to underperformance.
The executive director will leave on Jan. 6 after three years in the position.
The pension plan made two commitments with existing manager relationships last month.
PFM Asset Management currently provides investment advisory services for the city’s investment funds.