Administration August 24, 2009

Texas Municipal Retirement Systems Executive Director Resigned

August 24, 2009 (PLANSPONSOR.com) - Eric Henry, executive director and chief investment officer for the Texas Municipal Retirement System (TMRS), has resigned from his position to pursue another employment opportunity, as of August 21.
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A TMRS press release, said the Board of Trustees appointed TMRS General Counsel David Gavia as acting executive director and TMRS Director of Public Investments and Asset Allocation Nancy Goerdel as acting chief investment officer pending a search for candidates to replace Henry.

According to the announcement, Henry has been with TMRS since June 2007 and served with the Pennsylvania and New Hampshire state retirement systems prior to coming to Texas (see  Texas Retirement System Names Eric Henry to Executive Director Post ).

During his time at TMRS, he began to diversify the system’s portfolio, carried out the board’s directions with regard to changes in actuarial methodology, and successfully steered the system through important statutory changes in Texas law.

Created in 1947, TMRS covers almost 140,000 employees and more than 34,000 retirees of more than 830 Texas cities. As of August 1, 2009, the TMRS fund totaled more than $15.6 billion.

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