Allyson Tucker was named chief investment officer of the $139.6 billion Washington State Investment Board, Olympia, effective Jan. 1.
She will replace Gary Bruebaker, who announced in April his plans to retire at the end of December. Mr. Bruebaker has been CIO of the board since 2001.
Ms. Tucker is currently senior investment officer – asset allocation and risk management, a role she has held since 2012, according to a news release. She originally joined the board in 2009.
“I am humbled and excited by the trust and opportunity being extended to me with this leadership role,” Ms. Tucker said in the news release. “The responsibilities that come with public asset management are enormous and evolving. My first priorities will be to listen to my colleagues so that collectively we continue to uphold our promise to make every decision based on generating value for the WSIB’s beneficiaries.”
Whether the board will seek a replacement for Ms. Tucker’s current position could not be immediately learned.
The board oversees $139.6 billion in state assets, including $108 billion in defined benefit plan assets.
Spokeswoman Tish Day could not immediately provide further information.