Peggy Grabowski was named interim executive director of the $1.2 billion Chicago Laborers' Annuity & Benefit Fund.
The pension fund's board at its Jan. 21 meeting appointed Ms. Grabowski as co-executive director as of that date and interim executive director as of Feb. 18, recently released board meeting minutes show.
As of Jan. 21, Michael Walsh was both the executive director and chief investment officer of the pension fund. Mr. Walsh's voicemail greeting with the pension fund currently informs callers he is no longer with the pension fund.
Mr. Walsh joined LABF in 2014 from the $3.8 billion Chicago Municipal Employees' Annuity & Benefit Fund, where he was CIO. He left the pension fund in February to join Chicago-based risk management, software and scientific research firm Aiperion, Mr. Walsh said in an email. The company was spun off from the CoreLabs risk management division of Core Capital Management in 2019, and Mr. Walsh said he joined the firm to help Core Capital CIO and managing partner Sorina Zahan develop the business.
The pension fund has posted a job listing for the executive director position on its website.
Ms. Grabowski is currently comptroller of the laborers pension fund. The status of Mr. Walsh's CIO position could not be immediately learned.
Ms. Grabowski; Mr. Walsh; Victor Roa, president of the board of trustees; James Joiner, vice president of the board; Michael LoVerde, secretary of the board; Nadia Oumata, manager of accounting and investments; Tina Rhoten, benefits manager; and five other trustees could not be immediately reached to provide further information.
