John Adler was named chief pension investment adviser and director of the New York City mayor's office of pensions and investments, Mayor Bill de Blasio announced Monday.
Mr. Adler takes over the post from Janice Emery, who was appointed by previous Mayor Michael Bloomberg.
“John's deep experience in pension investments and retirement security will go a long way for city taxpayers and employees, retirees and beneficiaries alike,” Mr. de Blasio said in a news release.
Mr. Adler most recently had been director of the retirement security campaign for the Service Employees International Union. “He managed all aspects of SEIU's retirement security program, including public pension funds, Taft-Hartley pensions, Social Security, and private-sector plans,” the news release said.
The office of pensions and investments serves as full-time adviser to mayoral appointees to the boards of each of the five public pension funds that make up the $158.7 billion New York City Retirement Systems and on the board of the $14.9 billion New York City Deferred Compensation Plan.
Mr. Adler's duties include conducting research “on all relevant investment issues that impact the portfolios,” the news release said. He will provide the mayor's representatives on the five boards and the deferred compensation plan board “with timely investment reviews, reports and presentations, so that they may make recommendations on asset allocation and investment strategy,” the news release said.
