Deborah Spalding has been named deputy chief investment officer of the $25.9 billion Connecticut Retirement Plans & Trust Funds, Hartford, confirmed state Treasurer Denise Nappier, principal fiduciary of the state pension system.
Ms. Spalding, who will start Nov. 15, has been a managing partner of Working Lands Investment Partners.
“After a national search, we found the right candidate with the right skill set here in Connecticut,” Ms. Nappier said Wednesday in an e-mailed statement. “Deborah has 20 years of investment management experience in several asset classes in which we invest, and her most recent position shows her commitment to responsible investing with an understanding of environmental issues.”
According to the Working Lands' website, Ms. Spalding specializes in portfolio and risk management, project valuation and financial modeling.
Ms. Spalding could not be reached for comment. Calls to Working Lands were not returned by press time.
However, in the statement from Ms. Nappier's office on Wednesday, Ms. Spalding said: “I welcome the chance to use my experience to help the treasurer ensure that the state's investments achieve long-term sustainable growth while valuing corporate accountability.”
Ms. Spalding was hired after a national search that started in April. She replaces Gary Carter who had been interim deputy CIO since August 2011.
Mr. Carter will remain with the state pension system as principal investment officer for risk management.