Austin (Texas) City Employees' Retirement System launched a search for a new CIO for the $3.4 billion defined benefit plan, according to a news release issued Thursday.
David T. Veal previously held the position and left the fund in July prior to assuming the CIO role at the $33.9 billion Texas Employees Retirement System in August. Mr. Veal replaced Charles Thomas "Tom" Tull who retired.
David Stafford, COAERS' director of investment strategy, currently serves as interim CIO.
The fund's executive director, Christopher Hanson, is conducting the nationwide search.
"The COAERS investment program is a best-in-class fund. We're looking for forward-thinking candidates who possess strong investment credentials, embrace innovation in investment management practices that align with COAERS investment beliefs and strategic vision, and can navigate the intellectual challenge of guiding the Board through complex investment decisions," Mr. Hanson said in the release.
There is no deadline for applications, according to the recruitment post.
Mehrin Rahman, a spokeswoman for the fund, said in an email that existing employees can apply for the CIO position.
