James Hearty today was named executive director of the $30 billion Massachusetts Pension Reserves Investment Management Board, Boston; he begins April 2. Mr. Hearty replaces Scott Henderson, who resigned after four years as executive director to return to his former employer, the law firm Bingham Dana.
Mr. Hearty has been a member of the PRIM board since 1991, serving most recently as head of the investment committee. He retired last year as managing director and head of public finance at Lehman Brothers.
The boards search for a chief investment officer to replace Carol Casey, who left in September, is ongoing. A further update is expected at the PRIM boards May 22 meeting.