National Electrical Benefit Fund gets new investment director

Monte Tarbox
Monte Tarbox

Monte Tarbox was named executive director of investments for the $14.7 billion National Electrical Benefit Fund, Washington.

Mr. Tarbox replaces Terrence Moloznik, who died in August.

Mr. Tarbox was chief investment officer at the $9.4 billion International Association of Machinists National Pension Fund, Washington, taking over in October following the retirement of CIO Mary Cusick.

Steve Sleigh, IAMNPF director, said the fund will assess its staffing needs for the investment program and present recommendations to trustees in April, before conducting a search to replace Mr. Tarbox.