Updated with correction.
Jonathan Grabel was named investment officer for the Montgomery County Board of Education, Rockville, Md., on Thursday.
Mr. Grabel, who is a general partner with Baker Capital Corp., a venture capital and private equity firm, replaces John Kevin, who left in May to join VALIC. Mr. Grabel will start July 19.
The board has $1 billon in retirement assets, according to Controller Robert J. Doody.