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The integreation bolsters BNPP AM’s private debt and real assets investment division.
The plan officially issued its RFP seeking investment and custodial services after putting a previous search for the services on hold in 2021.
She will retain existing portfolio management and global equities responsibilities.
The plan is looking to invest up to $30 million in either a single strategy manager or an emerging manager-of-managers.
Authority is seeking a financial advisor on behalf of its three defined contribution plans.
The decline is driven in part by a continued shift towards passive management.
The plan, which put its previous search on hold in early 2021, will relaunch its RFP next week.
The board will hear a presentation from the manager to address concerns raised by its consultant.