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The v.p. will serve as director of investments for the medical center, helping oversee and manage its portfolio.
The incumbent was also the lone bidder to an RFP.
The plan is in the process of filling its 5% private credit target and conducting a real estate portfolio structure review.
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
Plan approved hiring three firms to make up a panel of transition managers.
The firm has also promoted three new v.p.s, two principals and a managing director.
The strategy is focused on OECD countries primarily in North America and Europe.
The increased commitment will provide the plan with “an equal-weighted exposure” between its U.S. and European private credit managers and the termination will reduce volatility.
The new executive director/cio will be responsible for close to $125 billion in assets.
The senior investment officer has left after six years to join a West Coast-based family office as director of private investments effective Sept. 1.