The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The hire follows the creation of a 7.5% target to the asset class earlier this year.
The retirement system has already begun a search for his successor.
The acquisition will create a $571 billion diversified global asset manager.
The deferred comp plan’s investment consultant will present an international large-cap value manager search report at next week’s meeting.
The city retained the incumbent investment advisor for its approximately $67.2 million in portfolio holdings.
The plan’s former cio had served in the role since 2012.
The pension fund has issued a pair of passive core and high-yield fixed-income manager RFPs.
The program, which will fully launch next year, has begun a search for administration and investment management services.
City is seeking investment consulting services on behalf of its deferred compensation plans with $231 million in combined assets.