Kentucky Retirement Systems CIO to join Texas Muni

T.J. Carlson was named chief investment officer of the Texas Municipal Retirement System, Austin, according to a news release Wednesday from the $22 billion pension fund.

Mr. Carlson is CIO of the $14.5 billion Kentucky Retirement Systems, Frankfort. He resigned from that post Wednesday, confirmed William Thielen, executive director. His resignation is effective Dec. 31.

Mr. Carlson will replace Nancy Goerdel, who announced in June she would retire from TMRS at the end of January.

Mr. Thielen said the KRS board will decide on an interim replacement and how to proceed in a search for a new CIO at a future investment committee meeting. Mr. Carlson has been CIO for about three years.

Separately, Bo Cracraft, director of public equity at KRS, also resigned on Wednesday, effective Dec. 31, Mr. Thielen confirmed. Mr. Cracraft is leaving the pension fund to become head of U.S. operations at non-profit Sparrow Missions. The board will discuss how to replace Mr. Cracraft at a future meeting.