US - The California Public Employees' Retirement System (CalPERS) has launched a search for new chief investment officer (CIO) to oversee the US$230bn pension fund.
Rob Feckner, CalPERS board president, said: "This is a high-profile position that requires vast financial knowledge, experience and vision.
"It also requires skill to manage several asset classes and collaborate with other professionals and our board, and to craft, articulate and implement a dynamic investment strategy."
CalPERS said it would be assisted by Ridgeway Partners, an executive search firm, in filling the position, which has been held by interim CIO Anne Stausboll since former CIO Russell Read stepped down last spring.
Feckner added: "The candidate should also be an effective advocate for CalPERS and other institutional investors in corporate governance, the finance industry and before regulatory and federal bodies."
In addition, the California State Teachers' Retirement System (CalSTRS) has named Cassandra Lichnock director of human resources and organisational development.
Starting on 25 August, Lichnock will be responsible for all CalSTRS activities associated with human resources and training and development.
She will also oversee strategic planning, performance management, customer satisfaction and workforce planning functions at CalSTRS.
Lichnock previously served as deputy director of human resources for the California State Lottery.
She also worked at the State Compensation Insurance fund, where she served in various capacities.
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