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Pension Funds

Texas Teachers taps next CIO

Jerry Albright was named chief investment officer of Texas Teacher Retirement System, Austin, a news release said.

The $139.7 billion pension fund's board approved the selection of Mr. Albright, the pension fund's deputy CIO, at its meeting on Thursday.

He replaces T. Britton Harris III, who was named president, CEO and chief investment officer of University of Texas Investment Management Co., Austin, which manages $39.4 billion in assets from UT and Texas A&M, and will begin that position on Aug. 1.

Mr. Albright is also chairman of TRS' internal investment committee and sole director of Teacher Retirement Investment Company of Texas London, the pension fund's first international office.

Information on Mr. Albright's current positions could not be immediately learned.