North Carolina Treasurer Janet Cowell said last week that the state has hired a new chief investment officer for the $77 billion North Carolina Retirement Systems.
The new CIO is Kevin SigRist, who had been deputy executive director of the Florida State Board of Administration, which makes investments for the state's $129 billion pension fund. Prior to 2006, SigRist held various positions with the Florida investment fund, including senior investment officer and chief of client services and enterprise risk management.
"North Carolina will benefit from Mr. SigRist's 20 years of investment experience, as well as his perspective coming from Florida — a state with a strong, forward-thinking pension investment program," Cowell said.
SigRist has also served as an economist with Norwest Corp., which merged with Wells Fargo.
He has a bachelor's degree from the University of Wisconsin in Oshkosh and a master's degree from Washington University in St. Louis.
As North Carolina's chief investment officer, SigRist will manage more than 22 investment professionals overseeing the state's retirement assets.