San Jose chooses new director of retirement services

Roberto Pena was named director of retirement services for the city of San Jose, Calif., effective mid-February, overseeing the $1.9 billion San Jose Federated City Employees Retirement System and the $2.9 billion San Jose Police and Fire Department Retirement Plan, confirmed city spokesman David Vossbrink.

Executive search firm Alliance Resource Consulting assisted.

Mr. Pena replaces Russell Crosby, who retired last year. Mr. Pena's first order of business will be to find a new chief investment officer, Mr. Vossbrink said in a telephone interview. Carmen Racy-Choy resigned as CIO in July.

Mr. Pena was deputy administrator for the $2.9 billion Puerto Rico Employees' Retirement System, Hato Rey. Spokesmen for the Puerto Rico pension plan could not be immediately reached for information on Mr. Pena's replacement.