SERS Names Director of Investments

April 20, 2012 ( - Farouki A. Majeed was named director of investments of the School Employees Retirement System of Ohio (SERS).
Majeed comes to SERS from the California Public Employees’ Retirement System (CalPERS), where he was senior investment officer, asset allocation and risk management for the last four years.

Previously, Majeed served as chief investment officer of the Abu Dhabi Retirement Pensions and Benefits Fund of the United Arab Emirates, and held different investment positions at the Ohio Public Employees Retirement System, Orange County Employees Retirement System and Minneapolis Employees Retirement Fund.

SERS began the search for a new director of investments in July 2011, when current Director of Investments Robert Cowman announced his intention to retire in 2012. After Cowman officially retires at the end of April, Steve Price, SERS’ senior investment officer in global private equity, will act as interim director until Majeed joins SERS in July. Price has been with SERS for six years, and was instrumental in building the private-equity portfolio from the previous real estate and alternative assets portfolio.