The position reports to Deputy CIO of Private Markets Allen Waldrop and CIO Marcus Frampton.
The plan issued an RFP in June “as part of its fiduciary responsibility.”
The new hire will work alongside Co-Head of Global High-Yield Sunita Kara.
The new deputy executive director has been with the plan for more than five years.
The board has hired two domestic equity managers to replace existing managers across its three investment plans.
The deferred compensation plan is looking to add a complementary manager to its U.S. bond option.
The role is newly created.
The new hire joined the firm from investment consultant Alan Biller & Associates.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plans rehired their general investment consultant today after issuing an RFI for best practices in August.