September 30, 2021
AUSTIN, TX – Today, the City of Austin Employees' Retirement System (COAERS) announced the launch of its search for a new Chief Investment Officer.
The $3.4 billion pension fund is seeking an experienced and accomplished investment professional to direct its investment program. COAERS is conducting a nationwide search led by Executive Director Christopher Hanson and will accept applications from interested and qualified candidates until the position is filled.
“The COAERS investment program is a best-in-class fund,” said Executive Director Christopher Hanson. “We’re looking for forward-thinking candidates who possess strong investment credentials, embrace innovation in investment management practices that align with COAERS investment beliefs and strategic vision, and can navigate the intellectual challenge of guiding the Board through complex investment decisions.”
The defined benefit pension fund was originally established in 1941 by City ordinance and has been governed by Texas state law since 1991. Governed by an eleven-member Board of Trustees, COAERS administers retirement, disability, and death benefit programs for full-time employees of the City of Austin. COAERS serves approximately 10,000 active members and more than 7,000 retirees and surviving beneficiaries.
To read the full announcement for the position, visit www.coaers.org/ciosearch.
Mehrin Rahman, Communications Specialist