Kentucky Public Pension Authority, Frankfort, is launching a search for a new executive director.
The authority is conducting the search due to the upcoming retirement of David Eager, effective June 30, 2024, he said in a phone interview.
Eager, who has been executive director since the 2016 retirement of his predecessor William Thielen, said he has typically signed two-year contracts for the position and elected to remain just for one year following the latest re-up in June.
Eager said he has been involved in institutional money management his entire career and will likely seek other employment opportunities in that vein as well as board membership, as he has been a member of three different boards in the past.
The authority will not be hiring a search firm and will be posting advertisements for the position in various publications in the institutional investing industry, he said. The authority will also be considering internal candidates.
Eager is also an inactive partner at Eager, Davis & Holmes in Louisville, which consults with money management firms on marketing and client service. He resigned from that firm before joining the Kentucky pension authority. Before his tenure there, Eager was director – product development at Driehaus Capital Management from 2000 to 2003.
He began his career at Gerber Products Company where he was ultimately responsible for the firm's investor relations and retirement plan and insurance assets. He also administered the in-house pension equity portfolio and the portfolio of their Gerber Life Insurance Company.
The Kentucky Public Pension Authority oversees about $24 billion in pension fund and insurance plan assets of the Kentucky County Employees' Retirement System, and the Kentucky Retirement Systems, which consists of the Kentucky Employees' Retirement System and Kentucky State Police Retirement System.