New York City Mayor Michael Bloomberg appointed a chief investment adviser Monday to consult with his representatives about city pension funds.

Bloomberg tapped Ranji Nagaswami, a former chief investment officer within a division at the global investment firm AllianceBernstein, for the newly created position. She will also become chairwoman of the New York City Employees’ Retirement System, one of the city’s five pension funds, replacing Office of Management associate director Bud Larson.

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