Geoffrey Berg was named chief investment officer of the South Carolina Retirement System Investment Commission, which oversees the investment of the $28 billion South Carolina Retirement Systems, Columbia.
Mr. Berg was selected by the RSIC at a meeting on Thursday.
Mr. Berg, who joined the RSIC in 2008, has served as acting CIO since September 2015 after Hershel Harper Jr. announced his departure to become CIO of the $60 billion UAW Retiree Medical Benefits Trust, Detroit.
Before assuming interim CIO duties, Mr. Berg served as the RSIC's head of public markets.
Rebecca Gunnlaugsson, chairwoman of the RSIC, expressed appreciation for Mr. Berg's performance as interim CIO, noting “Geoff really stepped into the leadership role.”
She also noted the commission's pleasure that the internal candidate was the best among candidates presented by executive recruiter Korn Ferry after a nationwide search.