The investment analyst joined the plan from the State of Wisconsin Investment Board.
The new global head of fixed-income will join the firm in August.
The authority last issued an RFP for investment management services in 2019.
The agency issued an RFP in March due to the incumbent’s contract expiration.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The new portfolio manager joined the plan this month from the California State Teachers’ Retirement System.
The pension plan agreed to keep its executive director on paid administrative leave through June at Friday’s board meeting.
The pension plan expects to commence the contract on Nov. 19.
The pension plan agreed to consider replacing its domestic large-cap core equity manager due to underperformance and a recent personnel change.