Michael C. Viteri was named chief investment officer of the $48 billion Arizona State Retirement System, Phoenix.
He will join the pension fund June 1, spokesman David Cannella said in an email. Mr. Viteri replaces Karl Polen, who retired in November.
Mr. Viteri is currently senior investment officer with the Oregon State Treasury. The treasury department includes the Oregon Investment Council, which oversees the $82 billion Oregon Public Employees Retirement Fund, Tigard. Oregon spokeswoman Rachel Wray said a decision on succession will come later this spring. Mr. Viteri’s departure date is not yet known.
Before joining Oregon in 2008, Mr. Viteri was a portfolio manager and trader at the Arizona system for eight years.
“We are delighted to have Michael rejoin our team in this new role for him,” said Paul Matson, ASRS executive director, in a news release. “He has a technically strong investment background, is very knowledgeable about our asset classes, structures and systems, and is a very genuine and collegial person who will fit perfectly with our values here at the ASRS.”