DEFINED BENEFIT

Alaska hires search firm to find new CIO for state retirement system

Alaska Department of Revenue, treasury division, Juneau, hired DHR International to assist with its search for a chief investment officer, said Judith Hall, liaison officer for the Alaska Retirement Management Board, in an email.

CIO Gary Bader retired Jan. 31. Deputy CIO Bob Mitchell is currently serving as acting CIO.

The department of revenue provides staff to the Alaska Retirement Management Board, which oversees roughly $29 billion in defined benefit and defined contribution assets. Mr. Bader was CIO of the pension trusts, which had more than $22 billion in assets as of Dec. 31.

The CIO reports to the director of the treasury division, Pamela Leary.

A job posting is available on the treasury’s website. A hiring decision is anticipated in the next six months.