Connecticut Retirement Plans & Trust Funds, Hartford, issued an RFP for an executive search firm to help the $23.2 billion pension system hire a deputy chief investment officer, according to the RFP posted on the website of the state treasurer's office.
Treasurer Denise Nappier is the principal fiduciary of the retirement system, which has six state pensions plans and eight state trust plans.
The deputy CIO will assist the CIO “in the management of the division and of the (pension system) with a particular emphasis on organization and management competencies,” the RFP said.
The RFP said the executive search contract would be for 18 months with the possibility of a 6-month extension.
Gary Carter has interim deputy CIO since August. Mr. Carter replaced Lee Ann Palladino, who was promoted to CIO in May 2011. Ms. Palladino succeeded M. Timothy Corbett, who resigned to become executive vice president and CIO of Massachusetts MutualLife Insurance Co.
The RFP is available at the fund's website.
Proposals must be received by 5 p.m. EST on Feb. 24 at the Office of the State Treasurer, 55 Elm Street, 7th Floor, Hartford, CT 06106-1773, Attention: Christine Shaw, Chief of Staff.