Deals and People

CIO Leaves Massachusetts State Pension Fund

By Jay Polansky editors@plansponsor.com | May 30, 2012

May 30, 2012 (PLANSPONSOR.com) - The chief investment officer for the Massachusetts state pension fund is leaving for a job in the private sector, the Boston Globe reports.

Stanley P. Mavromates Jr. has accepted a position with Mercer. His new job starts June 12.

Mavromates began working at the fund in 2000. He became the fund’s chief investment officer in 2005.

“Stan has been a major defining characteristic for PRIM over the course of the past decade-plus, and in a very positive way, and Stan has not only contributed tremendously to PRIM’s great performance and success, but has also contributed tremendously to PRIM’s positive culture,” said Michael Trotsky, the fund’s executive director.

Two members of the fund’s investing team and Karen Gershman, the fund’s operating and financial chief, also recently left their positions.