Chief Investment Officer
IPOPIF was created by the Illinois Legislature and signed into law by Illinois Governor JB Pritzker on December 18, 2019.
The law, Public Act 101-0610 provided for the mandatory consolidation of the investment assets of the state’s public safety pension funds into two investment funds one for police officers (Article 3) and one for firefighters (Article 4).
The law provides that assets and liabilities of local pension funds will remain under the ownership of each local participating pension board and that the pension fund assets are combined for investment purposes only. The consolidation of the investment assets of the 353 Article 3 downstate and suburban police pension plans into one statewide investment asset pool will create a single trust fund with an estimated $8.3 billion in assets. The transition period of the transfer of assets shall commence on the effective date of the Act and be completed no later than 30 months thereafter.
The successful candidate will be an experience investment professional, with demonstrated analytical abilities, a proven track record, and hands-on investment management experience gained through directly relevant experience.
Desired qualifications include an individual that possesses the ability to work and think at a strategic level and is a collaborative, goal-oriented investment leader who will play a key role in the future success of the new and growing IPOPIF organization.
The candidate must demonstrate the ability to translate strategy into actions though a demonstrated track record of investment success. This individual must have experience enhancing investment processes through the introduction of new portfolio management techniques, performance measurement tools, risk assessment and investment research.
The candidate must be a self-starter with an ability to lead and motivate a team while providing clear direction and promoting a collaborative problem-solving approach to decision-making.
The candidate must possess the ability to communicate effectively and work collaboratively with third party suppliers including investment consultants, custodians, investment managers, legal advisors, and other service providers.
This individual will possess a minimum of ten years of relevant investment experience with a pension plan, foundation, trust organization, investment banking firm, money management firm, or financial consulting firm with responsibility for the formulation and/or implementation of investment policy for substantial portfolios utilizing major asset classes.
A Bachelor’s degree from a four-year college or university is required. Strong advanced academic credentials, including MBA and/or CFA are preferred.