ASSET OWNERS

New York City Bureau of Asset Management promotes 2 to deputy CIO posts

Alex Done and Michael Haddad were promoted to deputy chief investment officers at New York City’s Bureau of Asset Management, the unit in the city comptroller’s office that advises pension board trustees on investments and managers for the $170.8 billion New York City Retirement Systems.

Mr. Done was named deputy CIO for private markets, and Mr. Haddad was named deputy CIO for public and tradable markets, said Jonathan Sterne, spokesman for city Comptroller Scott M. Stringer, fiduciary for the pension fund.

Mr. Done and Mr. Haddad were previously group heads of private markets, and public and tradable markets, respectively. Both had been promoted to those newly created positions in January 2016.

Mr. Sterne could not immediately provide further information.