December 19, 2012
FOR IMMEDIATE RELEASE
Treasurer Cowell Announces Chief Investment Officer
Kevin SigRist to Oversee Investments for North Carolina
RALEIGH – State Treasurer Janet Cowell announced today that
Kevin SigRist will join the Department of State Treasurer as the new Chief
Investment Officer for the $77 billion North Carolina Retirement Systems.
Since 2006, SigRist has served as Deputy Executive Director
of the State Board of Administration in Florida, which invests that state’s
$129 billion pension fund. Prior to 2006, he served in various capacities with
the Florida investment fund, including Senior Investment Officer and Chief of
Client Services & Enterprise Risk Management.
“North Carolina will benefit from Mr. SigRist’s 20 years of
investment experience, as well as his perspective coming from Florida – a state
with a strong, forward-thinking pension investment program,” Cowell said.
Previously, SigRist served as an economist with Norwest
Corporation (Wells Fargo) in Minneapolis for four years.
He earned his master’s degree in economics from Washington
University in St. Louis and his bachelor’s degree in economics from the University
of Wisconsin in Oshkosh.
The national search for the position was conducted by
Korn/Ferry International, led by Managing Director Michael Kennedy.
The Department of State Treasurer’s Chief Investment Officer
is responsible for managing a staff of over 22 investment professionals and
overseeing approximately $77 billion in assets for the North Carolina