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The city did not previously utilize an investment advisor for its $455 million in cash and investments.
The retirement system expects to launch its general investment consultant search in the coming months.
He will work to strengthen the firm’s institutional presence in the new role.
The head of leveraged credit had been with the plan since 2018.
The ceo had been on a medical leave of absence since March 17.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Fund IV exceeded its $500 million target, closing with $521 in total commitments.
The plans previously worked with Corebridge Financial.
The deferred compensation plan hired a new stable value manager in September.
The authority is seeking a firm to manage its $2.2 billion portfolio.