US - The Louisiana State Employees' Retirement System (LASERS) board has appointed Cynthia Rougeou as the new executive director, replacing Robert Borden, who resigned earlier this month.
Rougeou had previously served as the deputy director of the US$7bn fund, as the board opted to recruit someone internally.
She will be tasked with the enhancing LASERS’ retirement processing, customer service, information technology and staff performance.
Rougeou served as deputy director of the Louisiana Educational Television Authority from 1996, before joining LASERS in 2002.
LASERS’ previous director Robert Borden. Borden left to accept the position of CIO for the South Carolina Retirement System Investment Commission, where he is tasked with the development and execution of investment strategies for a $26bn retirement fund serving South Carolina’s public employees.
By Damian Clarkson
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