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The institution is seeking an investment operations professional to help ensure alignment of operational policies, controls, processes and procedures.
The firm also surpasses $1.75 billion in regulatory assets under management.
The firm hired a managing director for capital formation and currency solutions to focus on the marketing and distribution of private capital and currency capabilities to institutional investors and consultants across North America.
Firm partners with Fiduciary to enhance service offerings and build upon the independent wealth manager and trust company’s 140-year history.
The minority investment is being made via Wafra Inc.’s Strategic Partnerships platform.
The town received eight submissions in response to an RFQ issued in August.
The retirement fund also approved an Africa-focused private equity commitment earlier this month.
The retirement system first approved a draft general investment consultant RFP at its investment committee meeting last week.
The trust initially received an education on the strategy in August.