People Moves
Search is to replace its outgoing executive director, who first joined the plan in 1991.
The new head will oversee investor relations and business development as well as helping institutionalize the business, the firm said.
The plan will engage in a process to select a new executive director in the coming weeks.
The plan tapped a recently retired deputy from the state’s employees retirement system.
He will help oversee small-cap core and small- to mid-cap equity strategies, the firm said.
Their responsibilities will be assumed by other team members, a spokeswoman said.
The plan’s director of fixed-income and alternatives will become cio in May.
He will help manage the firm’s flagship fund focused on enterprise software, data and technology.
The investment officer retired after 15 years with the plan.