The new cio previously served as senior v.p. of fixed-income investments at the firm.
The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The senior portfolio manager had been with the pension plan since 2021.
The hire concludes a search launched after the Jan. 3 departure of CFOO Ryan Skor.
The pension plan will no longer have investments in Chinese-owned or controlled companies as of early next year.
The transaction is expected to close in the fourth quarter, subject to regulatory approval.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The rebranding aligns the firm’s growth with its strategies that span industries and geographies.
The city will go into negotiation with the top-ranked firm in its investment manager search.