Lawrence Johansen was named director of investments of the $5 billion New Hampshire Retirement System, Concord.
He is expected to join in early January, although a date hasn't been set, said New Hampshire spokeswoman Kim France.
Mr. Johansen is managing director of external asset management of the $79 billion New York State Teachers' Retirement System, Albany, and plans to work in his current position through the end of the year, said John Cardillo, public information officer of the New York system.
New York system officials are still evaluating how to replace him, Mr. Cardillo said. No timetable has been set, and staff will assume his duties in the interim, he added.
EFL Associates, an executive recruiting firm, assisted the New Hampshire system in a nationwide search for candidates, Ms. France said.
Mr. Johansen will replace Rick Shafer, who left in May to join the $69.6 billion Ohio Public Employees Retirement System, Columbus.
