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The global investment firm has promoted its senior v.p. and head of RIA sales to chief distribution officer as the previous distribution head left to join an investment professional membership association.
The deferred compensation plan will conduct a search to add a complementary manager to its U.S. bond option.
The retirement system made three private equity commitments for pacing purposes yesterday.
He will join the firm next year from Morgan Stanley Investment Management.
Selected firm will handle services that include developing and implementing sound investment strategies.
The deferred compensation plan elected to remain with its incumbent record keeping and administration provider this week.
The plan’s private markets committee will present two recommendations to the full board later this month.
Thomas Darnowski has been promoted to the role effective Jan. 1.
The new hires will help lead Ceres Partners’ private equity strategy.
The plan recently approved establishing new targets to infrastructure and private credit.