Laurie Martin is the new deputy chief investment officer for Connecticut's $30 billion Connecticut Retirement Plans and Trust Funds, state Treasurer Denise Nappier announced.

Martin's appointment follows the unanimous consent of the state's Investment Advisory Council. She began her tenure on Oct. 7 after 12 years as director of treasury services at Baystate Health Inc.

She succeeds Deborah Spalding, who rose to chief investment officer last year.

"Laurie brings to the Connecticut Treasury deep operational experience with treasury management, manager due diligence and oversight, and investment accounting," Nappier said in a statement on Wednesday. "In today's investment environment of low returns, it is imperative that we maintain and strengthen operational efficiency at the lowest possible cost."

At Baystate Health, Martin managed the company's integrated investment program which included endowment; defined benefit and defined contribution plans; insurance assets and operating funds. Previously, she held investment accounting positions at ITT Hartford and Mass Mutual Life Insurance Co.

She began her career at KPMG Peat Marwick as an audit and tax specialist.

Martin holds a bachelor of arts degree from American International College, a master's of business administration degree from the University of Massachusetts at Amherst, and is a certified internal auditor, a certified public accountant and a level II candidate for the chartered financial analyst program.

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