The firm’s current cio for public markets will retire at the end of 2024.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
Plan staff made a $9 million private credit co-investment in May.
The plan also named a new manager at a board meeting earlier this year.
The retirement association is looking to add a passive component to its international equity portfolio.
The managing director will join an undisclosed investment management firm.
Firm added to its new Philadelphia office with a managing director hire.
The new cio is expected to begin on July 17.
The plan is scheduled to approve a new target asset allocation at its meeting on Tuesday.
He officially took on the newly created role in April.