Connecticut Investment Advisory Council taps chairman

Neil G. Budnick was named by Connecticut Gov. Dannel Malloy as chairman of the state Investment Advisory Council, which advises on investment policies of the $24.3 billion Connecticut Retirement Plans & Trust Funds, Hartford.

Mr. Budnick will advise state Treasurer Denise Nappier, the principal fiduciary of the Connecticut Retirement Plans & Trust Funds, which has six state pension funds and eight state trust funds.

His term will run through June 30, 2015, David Bednarz, a spokesman for Mr. Malloy, said in an e-mail.

Mr. Budnick, a managing director of the management consulting firm Channel Rock Partners, succeeds Joseph Roxe, who was chairman from April 2009 through August 2012.