Lee Ann Palladino, chief investment officer of the $30 billion Connecticut Retirement Plans and Trust Funds since 2011, will retire effective July 1, state Treasurer Denise Nappier announced.
Nappier also announced May 15 that she named Deborah Spalding as interim chief investment officer, effective when Palladino retires. Spalding is now deputy chief investment officer, a position she has held since November 2013.
"She is to be credited with strengthening the management of a demanding and complex investment program, and spearheading many successful investment initiatives that build upon a track record of solid performance -- especially during severe market turmoil -- with total assets now at an all-time high of $30 billion," Nappier said of Palladino.
Palladino began her career at the Treasury as head of the $5 billion Short-Term Investment Fund.
Spalding has more than 20 years' investment experience. She holds a bachelor's degree from Tufts University, and master's degrees in East Asian religions, business administration and forestry respectively from Harvard University; the University of California, Berkeley; and Yale University.
