Michael Townsend, administrator for the $21.8 billion Arizona Public Safety Personnel Retirement System, will retire later this year.
The plan approved a private equity commitment at its board meeting this week.
Hyas Group currently provides the services for the $143 million plan.
He previously served as a senior portfolio manager for the United Parcel Service’s $43 billion pension portfolio.
The plan is seeking value-add/opportunistic real estate and global multi-asset allocation managers.
The plan’s current executive director will retire this summer.
The plan is seeking passive managers for strategies across equity and fixed-income.
The plans will interview four consultants later this week.
The city is seeking financial planning, fiduciary services, investment management, participant education and strategic guidance for its plans.
President Donald Trump’s announcement of a 90-day pause on most tariff hikes on Wednesday sent markets soaring, but the rally was short lived as China continues to strike back.