Maryland Fund Looking For New CIO

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The Maryland State Retirement and Pension System is looking to hire an executive search firm to hire the fund’s next chief investment officer.

The fund has put the Request for Proposal on their website. The document can also be found at the bottom of this post. According to Pensions & Investments, the proposals are due by September 22 at 2 pm Eastern Time.

The fund’s previous CIO, Melissa Moye, left the fund recently to work for the US Treasury Department. Pensions & Investments reported at the time:

[Moye] is leaving at the end of August to become a senior policy adviser with the U.S. Treasury Department’s office of state and local finance. Deputy CIO Robert Burd will serve as acting CIO. The board has not begun the search process yet, spokesman Michael Golden said.

At the Treasury Department, Ms. Moye will focus on public sector pensions for the office, which was created in May to coordinate efforts to oversee developments in state and local financial markets, including public pension fund liabilities. Maryland pension board chairwoman and state Treasurer Nancy Kopp said in a statement that while the board will miss Ms. Moye’s leadership, “we are thrilled with the opportunity Dr. Moye will have to apply her wealth of knowledge and experience at the national policy level.”

Ms. Moye became CIO in September 2011 after serving as acting CIO since October 2010. Before that, she was deputy treasurer for financial policy and a trustee of the state pension system. Mr. Burd started with the retirement agency in 2001 as an assistant director of externally managed investments and was named managing director of private markets in 2008.

The RFP:

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