US - Laurie Fiori Hacking has resigned as executive director of the US$68bn Ohio Public Employees Retirement System (OPERS) to take up the same role at the Minnesota Teachers Retirement Association.
Hacking was executive director since 2000, and will leave OPERS at the end of February.
The OPERS board said it would engage an executive recruitment firm to conduct a national search for a replacement, and aimed to conclude the process by mid-year.
During her time as executive director, Hacking helped grow OPERS’ assets from $56.6bn in 2000 to $68bn.
She also grew assets by 21% since 2000, including a combined 41% growth during 2003-2004.
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.