The Massachusetts Pension Reserves Investment Management board named David Gurtz chief financial officer and chief operating officer - both interim positions - after 15-year fixture Tom Hanna resigned those positions at the $62 billion pension fund.
Additionally, the PRIM board promoted Sarah Samuels to deputy chief investment officer, PRIM said in an April 23 statement. Samuels has been a senior investment officer overseeing fixed income, domestic and global equities portfolios. She will continue to oversee public markets and serve as director of investment research.
Gurtz will continue to oversee risk monitoring, auditing and other functions in his role as director of risk management. PRIM will conduct a search for a permanent CFO and COO, said executive director and chief investment officer Michael Trotsky.
Gurtz has been with PRIM for eight years and has considerable expertise in financial accounting and reporting, as well as investment management and risk analysis. Samuels is in her fifth year at PRIM. In addition to her deputy CIO position, she and Gurtz will also join PRIM's senior executive management team, which Hanna had served on with Trotsky and PRIM general counsel Chris Supple.
Hanna will remain for a short period to assist both Gurtz and Samuels with the transition.
