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The retirement system was scheduled to interview three finalists in a domestic small- to mid-cap equity search at last month’s board meeting.
The new hire will lead the private equity firm’s portfolio operations group.
The investment consultant will advise on two retirement plans.
The retirement system closed on a $75 million commitment to a European infrastructure strategy last month.
Avista Capital Partners is rebranding as Avista Healthcare Partners.
Fund closes at its hard cap of roughly $1.9 billion.
The retirement system hired its incumbent consultant to a five-year contract following a search conducted in 2019.
Asset managers are taking advantage of the growing rate of independent and hybrid registered investment advisor channels by enhancing their coverage model and expanding their menu services to fit the needs of the largest RIAs.
Empower Retirement currently provides record keeping, trust and custody services for the deferred compensation plan.
The cio has left the plan after two years in the position.