The plan has issued an RFP for an executive search firm to recruit its next executive director.
He will retire in June after co-founding the firm in 2004.
The new hire and promotion are in conjunction with the cio’s upcoming retirement.
His resignation follows a personal trip to the United Arab Emirates to receive a COVID-19 vaccine.
The new hire is responsible for sales, marketing, consultant relations and client service for the firm’s products in the U.S. and Canada.
The new hire previously worked for Brightwood until 2015.
The new hire joins another Newton manager who begins next month.
They will oversee traditional strategies and alternatives, including private strategies and hedge funds, the firm said.
He will be responsible for deal sourcing, transaction execution and portfolio company oversight for the firm’s private equity platform.
The plan has found its new executive director from a pension plan in New Mexico.