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NM pension fund dealing with turnover at the top
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The departing chief investment officer was named to CIO
’s Power 100 List earlier this year.
Dominic Garcia
Dominic Garcia, CIO of the $16.4 billion Public Employees Retirement Association of New Mexico (PERA), is leaving his post June 4 to pursue a new professional opportunity, the pension fund said. Deputy CIO Kristin Varela has been named interim CIO.
“It has been a pleasure and honor to serve PERA for eight years, and the last four years as CIO,” Garcia said in a statement. “Together, we achieved so much to ensure PERA has a sustainable and prosperous 21st century.”
Garcia was named to
CIO Magazine’s 2021 Power 100 list earlier this year. He and his executive team were recognized for collaborating with stakeholders to improve long-term pension sustainability by modernizing investment governance and enacting pension reform. Garcia was also lauded for integrating a risk-based approach, which separates alpha and beta in the multi-asset investment portfolio.
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