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The plan will look to evaluate the marketplace for lower management fees, with an emphasis on Collective Investment Trust vehicles.
City is seeking administrative services on behalf of its 457(b) and 401(a) retirement plans.
City is searching for a firm to provide discretionary management for its $55 million portfolio.
The new hires who will focus on strategic capital formation initiatives, investment solutions, portfolio management, risk management and recruitment.
She will oversee the firm’s global equity team based in London and Paris.
The new initiative includes a five-part strategy that includes education, recruitment, mentoring and training, retention and community engagement.
The plan has rehired its incumbent to provide investment management and consulting services.
Plan agreed to move ahead with an RFP for general investment consultant services as well as split a $50 million core real estate allocation between two firms at its Feb. 17 board meeting.
The plan opted to retain its incumbent consultant following a search launched in November.