Updated with a correction.
David B. Wescoe was named executive director of the Texas Municipal Retirement System, Austin, by trustees of the $28.7 billion pension fund.
Mr. Wescoe’s start date is July 27, spokesman Bill Wallace said in an email.
He replaces David Gavia, who will retire from TMRS later this year. The date of his departure has not been set, Mr. Wallace said. Mr. Gavia has held the positions of interim and permanent executive director since 2009.
"David brings a private-sector mindset to public service and a proven ability to lead positive change," said Bill Philibert, chairman of TMRS' board of directors, in the news release. "With the growing complexity and challenges facing public pensions and global financial markets, his operations, legal and investment expertise will be invaluable, along with his proven success working with key stakeholders, including members, employers and elected policymakers."
Mr. Wescoe left his position as executive director of the $11.9 billion San Diego County Employees Retirement Association on April 30.
Stephen C. Sexauer, SCDERA's chief investment officer, was named interim executive director in May. Mr. Sexauer continues as CIO.
Public pension fund specialist recruiter Hudepohl & Associates conducted the search for Mr. Gavia's replacement, said a news release from the pension fund.
