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, Bingham Dana, a Boston law firm.
Mr. Hearty has been a member of the PRIM board since 1991, serving most recently as head of the investment committee. Mr. Hearty retired last year as managing director and head of public finance at Lehman Brothers.
Mr. Hearty said he hopes to develop the investment staff at PRIM and "continue the tremendous success we’ve had at PRIM over the last decade.”