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The consultant will continue to advise the pension fund and OPEB Trust.
Scott Maguire has been promoted to the new role after previously leading investor relations.
The pension plan has agreed to keep its executive director on paid administrative leave through May in order for him to receive “professional development.”
The authority is seeking an advisor for its investment portfolios.
The search is being conducted due to the incumbent’s contract expiration.
The plan will receive recommendations to add managers to its watch list.
The leadership changes will “support the firm’s ongoing growth and future direction.”
The search is for an individual to oversee the city’s two pension funds totaling more than $7.5 billion.
The 401(a) plan was created in 2021 after breaking away from the state pension plan.