Karl C. Koch was named CIO of the $23 billion Iowa Public Employees Retirement System, Des Moines, effective immediately. He had been serving as acting CIO since Kathy Comito retired Dec. 29. While interim CIO, Mr. Koch continued to serve as lead investment officer, including overseeing the systems $1.8 billion in private equity. He has not decided on how he will approach the lead investment officers duties, said Julie Economaki, spokeswoman. He has not set a timeframe for making a decision, she said.
Karl Koch stood out in a field of over 40 well-qualified, investment-savvy applicants from the United States and abroad, Donna M. Mueller, CEO, said in a statement.