The city has rehired the record keeper for its $877 million Defined Contribution and Deferred Compensation Plans.
Alex Kozhemiakin has joined Lazard Asset Management as managing director and co-head of emerging market debt.
The manager had been on watch since last December due to underperformance.
The pension fund tapped Uri Monson from the state’s budget office to take over the executive director role.
A search was launched in October due to the impending contract expiration of the city’s incumbent.
The county has issued an RFP seeking fiduciary consulting services for its $31.6 million in deferred compensation assets.
The city intends to hire a new manager to handle its investment portfolio.
Matthew Armas will become the new senior v.p. and cio at Prudential Financial next year.
The plan voted to add a passive option for the asset class that can be funded at a later date if they choose.
Investment Consultant Sean Lee has departed his role after more than 20 years at the firm.