The new hire will focus on capital raising and client and consultant relations efforts in the Western region.
Spiros “Sig” Segalas co-founded the firm in 1969. He was 89 years old.
The city hired two firms to manage a portfolio made up of cash, enhanced cash and fixed-income in July.
The plan also approved two real assets commitments along with a 2023 pacing plan at last week’s meeting.
The plan will fund the allocation from its intermediate bond manager.
The fund is dedicated to financing growth-stage, small and medium-sized businesses in developing economies.
The new hire has previous experience in manager research at Marco Consulting Group.
The plan committed $8 million each to a private equity fund-of-funds and a managed income strategy in October.
The new hire will focus on medium to large institutional investors and their investment consultants across the U.S.
The deal will see approximately $8 billion in assets move to the Wintrust subsidiary.