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A partnership of independent fiduciary wealth management firms has named a new ceo to take over in February.
The system has issued an RFQ for firms to provide investment advisory services for its 401(a) and 457(b) retirement and deferred compensation plans.
The Western boutique investment firm has entered into an agreement to acquire a Memphis-based investment manager’s approximately $650 million in assets.
The appointment is part of a realignment of Prudential Financial’s senior business leadership structure.
The deferred compensation plan appears to have rehired its incumbent in a search that began in October.
The retirement system’s incumbent executive director will retire on March 31 after nearly 30 years of service, the last decade of which came in her current role.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The retirement system also hired an international all-cap growth equity manager and four infrastructure managers this week.
The city is seeking non-discretionary portfolio management services for its $40 million investment portfolio.
The decision followed finalist interviews with two firms at last month’s board meeting.
