North Dakota Retirement and Investment Office picks CIO

David Hunter was named chief investment officer and executive director of the North Dakota Retirement and Investment Office, Bismarck, said Darren Schulz, deputy CIO.

Mr. Hunter will start Dec. 2. He replaces John Geissinger, who retired May 31.

The Retirement and Investment Office oversees the $7.8 billion North Dakota State Investment Board, including $4.1 billion in pension assets.

Executive search firm Korn/Ferry International assisted.

Mr. Schulz has been serving as interim CIO since Mr. Geissinger left. Faye Kopp, deputy executive director and retirement officer, was serving as interim executive director.

Mr. Hunter was vice president, pension investments and director of asset securitization at HSBC North America Holdings, where he was responsible for oversight of the company’s defined benefit, defined contribution and non-qualified plan assets totaling about $7 billion.

HSBC spokesmen could not be reached for information on Mr. Hunter’s replacement.