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The firm has added a director of institutional client relations to support a recently hired director of institutional business development and consultant relations.
The acquisition would allow The Riverside Company to expand Townsend Group’s market position.
The search will target equity and debt strategies.
The firm’s current president will retire this week after serving in the role since 2006.
The town hired a new outsourced cio for its funds following the acquisition of its incumbent Vanguard Group by Mercer.
The plan has issued a request for quotations and qualifications for the services.
The new executive director joined the plan from the International Association of Machinists and Aerospace Workers National Pension Fund.
The firm has added two new members to its U.S. distribution team.
The retirement system made domestic mid-cap growth and value equity manager changes this month.
The retirement board selected a new emerging markets equity manager following finalist interviews held last month.