David Randall has been the executive director of Baltimore’s city plan since 2019. Prior to that, he was deputy executive director of the city’s Fire and Police Retirement System.
Plan added a short-duration fixed-income investment to its core fixed-income portfolio at the start of the second quarter.
A Northwestern 457 deferred compensation plan retained its third-party administrators.
The plan concluded its consultant search after a due diligence team report last week.
He will further scale the Chicago-based firm’s investment platform and launch new value-creation strategies across Slate’s business.
Hires stem from a newly adopted asset allocation.
The $5.2 billion transaction is expected to close by the end of the year or early next year.
He focuses on growing Lakemore’s investment platform globally from its recently established U.S. office in Scottsdale, Ariz.
The plan rehired its incumbent following a search launched in March.
The new hires include two associates, a controller and a fund accountant.