Florida State Board of Administration names new deputy executive director

Lamar Taylor on Friday was named deputy executive director of the $162 billion Florida State Board of Administration, Tallahassee, according to a memorandum sent to staff by Ash Williams, executive director and chief investment officer.

Mr. Taylor will start Feb. 11.

Mr. Taylor replaces Kevin SigRist, who in December was named chief investment officer of the $77 billion North Carolina Retirement Systems, Raleigh.

Mr. Taylor is FSBA deputy general counsel for the SBA. Existing FSBA staff will assume his responsibilities in the interim as Maureen Hazen, the FSBA's general counsel, assesses her department's needs, John Kuczwanski, communications manager, said in an e-mail.

FSBA did not use an executive recruiting firm in the search.

Mr. Taylor will assist in implementing investment, risk management, operational and administrative objectives, Mr. William said in his memo.

The assets the FSBA oversees include the $131.8 billion Florida Retirement System defined benefit plan, the $7.6 billion FRS 401(a) plan and the $8.7 billion Florida PRIME local government investment pool fund.