The new CIO will lead the firm’s global equity platform and oversee investment teams.
The plan concluded searches for an active international large-cap value equity manager and a passive domestic mid-cap equity manager in March.
Plan terminated a pair of public equity investments as part of an overall structure review of the portfolio.
One joined last month, while the other was hired earlier this month.
The current Investments COO will assume her responsibilities on Sept. 30.
New plan approved both interim and long-term asset allocation targets and hired two passive managers to assist with an impending transition of assets.
The acquisition is expected to be finalized around Sept. 1.
The plan will conduct an international small-cap equity manager search as part of a new asset allocation.
The plan’s consultant will present potential international small-cap equity managers for review at a meeting next month.
The plan hired two firms to handle its new allocation to global low volatility at a meeting today.