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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.
Plan replaced its domestic small-cap value equity manager from a group of three candidates this week.
The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.
Plan is seeking a domestic small- or small- to mid-cap equity manager to fill a recent gap in its emerging manager program stemming from a graduation.
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 plan hired a venture capital manager at its board meeting yesterday.
The searches are for non-core managers to handle up to $140 million and private debt managers to handle up to $60 million
The plan will seek a third manager to complement its two incumbent emerging markets equity managers.
The strategy will invest in four different fixed-income assets.