Brad Woolworth, chief investment officer at the Philadelphia Board of Pensions and Retirement, will resign later this month, said Rob Dubow, city finance director and chairman of the $5.3 billion pension fund.
Mr. Woolworth is leaving at the end of the month for “family reasons.” Mr. Dubow said. His last day will be April 29. Mr. Woolworth was previously deputy CIO. He was promoted to CIO last year following the departure of Sumit Handa in January 2015.
Mr. Dubow said a search for a replacement is underway. The pension fund does not have an interim replacement and will not be using an executive search firm.