Vicki Fuller was named chief investment officer of the $150.3 billion New York State Common Retirement Fund, Albany, State Comptroller Thomas DiNapoli, the fund's sole trustee, announced Friday.
She will start Aug. 30.
Ms. Fuller succeeds Raudline Etienne, who resigned in September to join consultant Albright Stonebridge Group as senior director.
Marjorie Tsang, assistant comptroller for real estate investments, had been serving as interim CIO while a search was conducted for a permanent CIO. Ms. Tsang will remain assistant comptroller, but her duties will be expanded to all investments, said Jennifer Freeman, a spokeswoman for Mr. DiNapoli.
In an interview, Ms. Fuller said taking the CIO's job “wasn't that hard for me” because it is “a natural evolution” from her AllianceBernstein role.
“I worked with public plans for seven years, interfacing with CIOs,” she said. “My clients were public plans. I worked with them on investment solutions. I have an appreciation for the complexity” of public pension plans.
Korn/Ferry International assisted the comptroller's officer in the CIO search. Ms. Freeman said “a number of national candidates” were considered for the job. She provided no details.
In a news release, Mr. DiNapoli said Ms. Fuller's “30 years of investment experience will be extremely beneficial in these volatile economic times.”
Jonathan Freedman, AllianceBernstein spokesman, didn't respond by press time with information on Ms. Fuller's replacement.