Firm has promoted Yichao Mark to the newly created position of director of strategic investor solutions.
Investment consultants and institutional investors continue to monitor the fallout of Silicon Valley Bank’s recent failure and its ongoing effects on the market.
The plan added $500 million across three new alternatives commitments in the fourth quarter.
The indirect impact of the Silicon Valley Bank situation on institutional investors will take time to fully assess as Federal Reserve actions to backdrop depositors is digested by the markets.
The search follows the plan rehiring its incumbent for the position in 2017.
The plan will look for a replacement global growth equity manager after terminating its incumbent this week.
The search comes as the plan’s previous executive director has since taken a position at a law firm.
The selected consultant will run a review of and RFP for plan provider services.
The senior v.p. joined in 2020 to bring fixed-income expertise to the firm.
The newly created position was filled by a professional from RMB Capital Management.