<!-- Swiftype Variables -->

DEFINED BENEFIT

Rhode Island recruits new CIO from GSAM

Alec Stais was named chief investment officer for Rhode Island's general treasurer's office, said an internal memo to employees by Treasurer Seth Magaziner provided to Pensions & Investments.

Effective May 1, he replaces acting CIO Tim Nguyen, who has accepted a job opportunity in the private sector. Mr. Nguyen assumed the role of interim CIO to after Anne-Marie Fink left July 14 to become managing director and CIO of Matheys Lane Capital Management, a multifamily office in Providence.

Part of Mr. Stais' responsibilities include overseeing the $7.8 billion Rhode Island Employees' Retirement System, Providence. He will report to Mr. Magaziner.

Mr. Stais was a managing director at Goldman Sachs Asset Management. It could not be learned by press time if he was replaced; GSAM spokesman Andrew Williams could not be immediately reached for comment.