Peter Freire, CEO of the trade organization Institutional Limited Partners Association, has stepped down, said Emily Mendell, spokeswoman, in an email.
Jennifer Choi, an ILPA managing director, industry affairs, is taking on the day-to-day management of the Washington-based institutional investor trade organization until an interim CEO is hired.
The board is likely to select a search firm to conduct a nationwide search for a replacement but no timetable is currently set.