Pension Funds

Hawaii Employees names new CIO

Elizabeth Burton was named chief investment officer of the $16.5 billion Hawaii Employees' Retirement System, Honolulu, effective Oct. 1, said a notice from the pension fund obtained by Pensions & Investments.

Ms. Burton replaces Vijoy Chattergy, who left the Hawaii pension fund in February. Howard Hodel, the pension fund's risk officer, has been filling in as acting CIO.

Currently, Ms. Burton is managing director, quantitative strategies group, at the $51.9 billion Maryland State Retirement & Pension System. A spokesman for the Maryland pension fund said in an email that "the investment division is beginning the process on how to fill the managing director role." Ms. Burton was not immediately available for additional information.

Thomas Williams, executive director of the Hawaii pension fund, could not immediately be reached for additional information.

Executive search firm Kumabe HR assisted with the CIO search.