Shawn Wischmeier on Monday was named chief investment officer of the $68 billion North Carolina Retirement Systems, Raleigh.
Mr. Wischmeier was CIO of the $14.2 billion Indiana Public Employees' Retirement Fund, Indianapolis, according to a news release from the North Carolina systems.
He replaces Patricia Gerrick, who was terminated in August, according to public documents. System officials have not commented on the reason for her departure, citing state personnel policy. Heather Franco, spokeswoman at the North Carolina systems, said in an e-mail response to questions that information about Ms. Gerrick's termination could not be released because it was “deemed confidential personnel information.”
Ms. Gerrick also had been CIO at the Indiana Public Employees' fund; she resigned from there in October 2003. She was named CIO at North Carolina in September 2004.
Michael Williamson, systems director, had been handling the North Carolina CIO responsibilities on an interim basis.
Korn/Ferry International assisted North Carolina with the CIO search.
David Cooper, Indiana PERF deputy CIO, replaced Mr. Wischmeier as CIO of the fund, according to Jeff Hutson, PERF spokesman. A decision on whether to replace Mr. Cooper has not been made, Mr. Hutson wrote in an e-mail response to questions.