Florida State Board of Administration, Tallahassee, plans separate searches to replace two senior staff members who retired Monday, said John Kuczwanski, communications manager.
Tom Fernald, senior portfolio manager-fixed income external management, oversaw the $9.8 billion in externally managed fixed-income assets of the Tallahassee-based $136.9 billion Florida Retirement System defined benefit fund, which the FSBA oversees.
Mr. Fernald reported to Kathryn Wojciechowski, senior investment officer-fixed income, who oversees $27.3 billion in fixed-income assets, including the $17.5 billion in internally managed fixed-income assets.
Ms. Wojciechowski and other staff members in fixed income have assumed Mr. Fernald's duties in the interim until a replacement is hired, Mr. Kuczwanski said.
FSBA could hire an executive recruiting firm to search for a replacement for Jack Nicholson, who was chief operating officer of the Tallahassee-based $14.8 billion Florida Hurricane Catastrophe Fund. Mr. Nicholson reported to Ashbel C. Williams Jr., executive director and chief investment officer of the FSBA, which oversees a total $171.5 billion in assets, including the hurricane fund.
Time frames for a job posting for the senior portfolio manager position and for a decision on hiring of the executive recruiting firm were not available, Mr. Kuczwanski said.