Washington State Investment Board, Olympia, is searching for a fixed-income investment officer and an in-house tangible assets senior investment officer, according to separate job postings on the $76.7 billion board's website.
The board in November 2007 approved a 5% target allocation from the $55 million in state pension assets held in the state's commingled trust fund to tangible assets, including infrastructure, agriculture, commodities, natural resource rights and timber.
As of Sept. 30, the board had committed $603 million to the asset class.
The tangible assets officer position is new, said Mary Hobson, executive vice president at EFL Associates, the executive search firm assisting in the search.
“They wanted to grow and needed someone full time” to oversee the asset class, she said in a telephone interview.
For more information about the tangible assets position, contact Elena M. McCall, assistant vice president at EFL Associates, at 720-200-7021 or by e-mail at [email protected]
The selected fixed-income investment officer will oversee $13 billion in pension assets, according to a job posting on the WSIB website at www.sib.wa.gov/index.html.
Those interested in the fixed-income officer position can send resumes to Washington State Investment Board, Attn: Human Resources, 2100 Evergreen Park Drive S.W., P.O. Box 40916, Olympia, WA 98504-0916 or by e-mail to [email protected]
WSIB spokeswoman Tish Day could not immediately be reached for further details.