The city is seeking investment consulting services for its more than $1.3 billion in trust fund assets.
The managing director hails from the private sector.
The plan terminated its previous consultant less than one year into its contract.
The investment board’s current consultant will see its contract expire in June.
The retirement system also retained its three core fixed-income managers last week.
The plan is seeking index managers to handle a total of $45 million.
The retirement system also made a venture capital commitment last month.
The retirement system also replaced two underperforming equity managers in the second quarter.
The retirement system will soon begin filling out its maiden 5% infrastructure target.
The deputy director will now oversee the fixed-income, active equity and private markets teams.