Erin Keane was named executive director of the $2.7 billion Chicago Policemen's Annuity and Benefit Fund, confirmed Thomas Beyna, president of the board of trustees.
Ms. Keane was comptroller of the city of Chicago in former Mayor Rahm Emanuel's administration. She left July 5. In April, Chicagoans elected Lori Lightfoot as their new mayor.
Mr. Keane replaces Regina M. Tuczak, who left the policemen's fund in December to become executive director of the Cook County Employees' and Officers' Annuity Fund and the Cook County Forest Preserve District Employees' Annuity and Benefit Fund. Both defined benefit plans are based in Chicago and have combined assets of $10.1 billion.
The policemen's fund also was searching for a chief investment officer after the January departure of Aoifinn Devitt, who joined Hermes Investment Management in its Dublin office. But Mr. Beyna said CPABF probably won't hire a CIO and instead will rely more on the services of NEPC, the fund's investment consultant.