Juan Lopez Jr. was named investment officer at the $5.1 billion Chicago Municipal Employees' Annuity & Benefit Fund, said Nadia Oumata, investment analyst.
Mr. Lopez started at the $5.1 billion pension fund Tuesday and takes on the responsibilities of Michael P. Walsh, who left the post in October to become executive director of the $1.4 billion Chicago Laborers' Annuity & Benefit Fund.
James Mohler, the municipal employees' pension fund's executive director, has been handling Mr. Walsh's responsibilities on an interim basis.
Mr. Lopez previously was managing director at Watermark Investment Advisors, an investment consulting firm he co-founded in 2010, and prior to that was emerging manager investment officer for the $45.5 billion Illinois Teachers' Retirement System, Springfield.
Tim Rowley, Watermark managing director, said the firm has no immediate plans to replace Mr. Lopez and that he will take over Mr. Lopez's responsibilities for the time being.