2 retirement systems scouting for CIO; plan needs administrator

Three pension funds, representing a combined $57 billion, issued calls for new executives recently.

The Pennsylvania Public School Employees' Retirement System, Harrisburg, is searching for a chief investment officer, confirmed spokeswoman Evelyn Tatkovski.

Alan van Noord, who has been CIO of the $50.5 billion pension fund since July 2002, announced in February he would be retiring from the retirement system at the end of June.

James H. Grossman Jr., deputy chief investment officer, will serve as acting CIO effective July 1.

The job posting is available on the National Association of State Retirement Administrators' website.

Executive search firm EFL Associates is assisting.

The City of Milwaukee Employes' Retirement System began seeking applications for a CIO, according to a posting June 26 on the city's website. The retirement system, which oversees $4.5 billion, seeks a successor to Thomas Rick, who died May 13. It is not using an executive recruiting firm.

Qualifications for the position include “five years of progressively responsible experience in analyzing investment and financial information” as well as a master's degree in accounting, finance, business administration, or a related field, or a comparable combination of experience and education, the posting states.

The position's pay ranges between $101,294 and $141,815, according to the posting.

Applications, due July 19, should be sent to Jerry Allen, executive director, CMERS, City of Milwaukee, 798 N Water St., Suite 300, Milwaukee, WI 53202.

CMERS could extend the due date depending on the responses, Mr. Allen said in an interview.

David Silber, a CMERS investment analyst who was named temporary acting chief investment officer in May, is a potential candidate, Mr. Allen said.

Sonoma County Employees' Retirement Association, Santa Rosa, Calif., is searching for a new retirement administrator, confirmed Kiergan Pegg, chairman of the board of the $2 billion pension plan.

Gary Bei is retiring at the end of the year. He has served as retirement administrator since 2004.

Applications are due by July 31. The board hopes to conduct interviews in mid-September and have a new administrator in place before Mr. Bei retires, Mr. Pegg said in an e-mailed response to questions.

Executive search firm Alliance Resource Consulting is assisting. A job posting is on Alliance Research's website.

This article originally appeared in the July 8, 2013 print issue as, "2 retirement systems scouting for CIO; plan needs administrator".