Defined Contribution

Federal Retirement Thrift’s CIO to switch to executive director role

Ravindra Deo was named executive director of the Federal Retirement Thrift Investment Board, which oversees the $505.2 billion Thrift Savings Plan, Washington, said a news release on the plan's website.

Mr. Deo, the board's chief investment officer, had been filling in as acting executive director since the departure of Greg Long on May 5. Mr. Deo joined the board in 2015 and has also previously served as acting chief operating officer.

A spokeswoman said the board will search for Mr. Deo's replacement as CIO. She did not have information on a search timeline. Executive search firm JDG Associates assisted with the search for Mr. Long's replacement.

The board's vote for Mr. Deo was unanimous.