T. Britton Harris IV, who was recently named the acting CEO of the $56.7 billion Austin-based Texas Permanent School Fund Corp., is joining the Alaska Permanent Fund Corp.'s investment advisory group.
The $76.1 billion sovereign wealth fund's board named Mr. Harris to the group at its meeting on Wednesday, a news release said.
Mr. Harris will serve a three-year term on the investment advisory group that advises the board of trustees. The other members are John D. Skjervem, chief currently chief investment officer of the $49.8 billion Utah Retirement Systems, Salt Lake City, and George Zinn, corporate vice president and treasurer of Microsoft Corp., Seattle, according to APFC's website.
Group members are expected to attend at least three of the fund's quarterly board meetings and advise the board on items including the long-term or strategic asset allocation of the fund, risk management framework, investment policy changes and any proposed investments in new asset classes.
On June 30, Mr. Harris left his roles as president and CEO of the $68 billion University of Texas/Texas A&M Investment Management Co., Austin. On July 6, he was named acting CEO of the permanent school fund to replace Holland Timmins, the fund's previous CIO and CEO, who recently retired. Mr. Harris will temporarily serve in the position while a nationwide search is undertaken for a permanent replacement for the role.
APFC spokeswoman Paulyn Swanson could not be immediately reached for further information.