Ninety One has named Sangeeth Sewnath as managing director for the Americas.
The selected firm will provide services for the deferred compensation plan as well as a 401(a) plan.
The retirement fund had been expected to issue the RFP after exercising two contract extensions with its incumbent.
The plan was scheduled to issue the RFP as it nears the contract expiration of its incumbent.
The plan made manager hires this week after introducing new target allocations of 3% each to infrastructure and international small-cap equity.
He has further advanced the firm’s efforts in the software and healthcare IT segments since joining in 2013.
The plan launched a search in January following the departure of its former executive director.
The plan disclosed first quarter changes to its non-U.S. equity portfolio at a recent meeting.
Aon found itself at the center of a date discrepancy stemming from errors in the reporting of investment returns in 2020.
The firm also closed its Secondary Overflow Fund V for secondary co-investment opportunities.