The new MD focuses on the financial services sector.
The current CIO is retiring in January.
He will oversee the investment team on asset allocation, portfolio structure, and fund strategies across all traditional asset classes.
The plan has begun a search for its next executive director following the departure of its previous director last year.
He will help manage $6.5 billion in domestic and international equity funds and separate client accounts.
The previous ceo will stay on as chairman and group cio.
He will serve M.D. Sass accounts nationally with a focus on Midwestern markets.
The Co-CIOs will be jointly responsible for the overall strategy and positioning of the firm’s global asset allocation products.
The plan has begun a search for its executive director position.
The position will assist the plan’s tangible assets senior investment officer.