Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.
The private markets and funds alpha cio had been with the plan since 2020.
The two managing directors are respectively based in New York and London.
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The retirement system is also slated to vote on its general investment consultant search next month.
The incumbent submitted the sole response to an RFQ issued in January.
Defined contribution plan sponsors are shifting their focus back to plan governance and process in an effort to navigate a challenging climate, according to a new survey from investment consulting firm Callan.
The new hire spent the past five years as head of fixed-income research at investment consultant Meketa Investment Group.