Russell Niemie was named chief investment officer of the Police and Firemen’s Retirement System of New Jersey, confirmed Dan Bank, a spokesman for the Trenton-based plan.
The position is new at the $27.4 billion pension plan.
“Russ brings more than two decades of experience to the Police and Firemen’s Retirement System, and we are extremely fortunate to be able to draw from his expertise and leadership,” said Gregory Petzold, executive director of the retirement system, in a statement.
Mr. Niemie was chief risk officer at White Oak Global Advisors. Will Pierce, head of risk management, assumed his responsibilities, confirmed spokesman Jonathan Setiabrata.
Source: Pensions & Investments