New CIO chosen for North Carolina Retirement Systems
By Hazel Bradford | December 19, 2012 1:58 pm
Kevin SigRist was named chief investment officer at the $77 billion North Carolina Retirement Systems, Raleigh, Janet Cowell, state treasurer, announced Wednesday in a news release.
Mr. SigRist was deputy executive director of the $157 billion Florida State Board of Administration, Tallahassee, since 2006, and prior to that held several related positions with the board, including senior investment officer.
Mr. SigRist replaces Shawn Wischmeier, who resigned in March to become CIO for the $6 billion Margaret A. Cargill Philanthropies, Eden Prairie, Minn.
Bryan Lewis, chief administrative officer for the North Carolina state treasuryinvestment management division, had been interim CIO.
Dennis MacKee, Florida board spokesman, said board officials plan to review their structure and needs before replacing Mr. SigRist. “We plan to move quickly and then begin the search process,” Mr. MacKee said in an interview. Senior investment officers will report directly to Ashbel C. Williams Jr., executive director and CIO, in the interim, Mr. MacKee said.
Korn/Ferry International helped with the search.