Consultant/OCIO/Discretionary
The plan made a hire at its meeting this week after interviewing two finalists.
City is seeking investment advisory services on behalf of its $4.2 million 457 and $6.1 million 401(a) retirement plans.
The plan is seeking a firm to provide fiduciary investment advisory services.
The plan last conducted a similar search in 2019 that resulted in a consultant switch.
The city retained the incumbent consultants for its three pension plans.
A managing principal and consultant at the firm will leave in the first quarter after more than two decades of service.
The plan is conducting the search as part of a review of all major contracts.
The search was approved at the retirement association’s board meeting on Wednesday.
The plan last conducted a general investment consultant search in 2018.
The trust recently hired an outsourced cio provider to handle its portfolio as it named a new investment head to oversee top level asset allocation, trade execution and investment strategy.