Bryan Fujita was named the new chief investment officer of the $30 billion Los Angeles Fire & Police Pensions, replacing Ray Joseph, who resigned in May 2022, a news release said.
Former CIO Tom Lopez has been serving as interim CIO since Mr. Joseph's departure.
Mr. Joseph had resigned after 11 months on the job for personal reasons.
Mr. Fujita was deputy CIO of the $21.5 billion Los Angeles City Employees’ Retirement System. LACERS officials could not be immediately reached for information on Mr. Fujita’s replacement.
“I am delighted to welcome Bryan to our executive team and am confident that he will enhance LAFPP’s investment program amidst a constantly evolving economic environment, with the ultimate goal of serving and protecting the retirement benefits of the plan’s public safety members,” said Joseph Salazar, general manager of the LAFPP, in the news release.
