Seattle Retirement Systems Hires Executive Director

November 12, 2007 ( - The Seattle City Employees' Retirement System has named Cecelia Carter as executive director.

According to the Puget Sound Business Journal, Carter most recently has been CEO of the Kansas City, Missouri, public school pension fund. During her tenure in Kansas City, she implemented investment strategy changes that increased portfolio assets by 52%, according to a statement from Seattle City Councilman Richard McIver, the news report said.

Prior to that, Carter worked at Merrill Lynch in Englewood, Colorado, and First Trust Corp. in Denver.

Carter will relieve the fund’s assistant executive director, Mel Robertson, who has been acting as executive director since Norman Ruggles stepped down from the position last year.