(Raleigh, NC) – State Treasurer Dale R. Folwell, CPA has announced that the N.C. Department of State Treasurer (DST) is searching for a Chief Investment Officer to lead investment strategy for North Carolina's more than $100 billion retirement systems.
“As we search for a new Chief Investment Officer, we remain committed to protecting and sustaining the pension plan for the public workers who rely on it for their retirement," said Folwell. “Under the leadership of a new CIO and the outstanding investment team we have in place, North Carolina's retirement systems will remain among the best-funded and most reliable in the U.S."
Day-to-day investment operations have been managed since July 2017 by Jeff Smith and Christopher Morris, Interim Directors for DST's Investment Management Division. The search for a Chief Investment Officer will be discussed in more detail at the February 15 meeting of the Investment Advisory Committee.
North Carolina's Retirement Systems, a division of DST, are ranked among the five highest-funded pension plans in the country and among the top four plans for financial transparency. The plans provide retirement benefits for more than 900,000 of North Carolina's state and local government, law enforcement, judicial and legislative employees, as well as teachers and fire and rescue workers. More information is available at www.nctreasurer.com.