IPERS names new CIO

The $43 billion Iowa Public Employees’ Retirement System (IPERS) announced the hiring of Sriram Lakshminarayanan as chief investment officer, effective Jan. 7, 2022.

He had been serving as IPERS’ chief risk officer since 2014 and before that was director of portfolio management at MCube Investment Technologies in Princeton, New Jersey and Plano, Texas.

Lakshminarayanan replaces IPERS long-time CIO Karl Koch retired last year.

"During his seven years on IPERS' investment team, Sriram has demonstrated an ability to think creatively and to develop and implement innovative programs, all while focusing on IPERS' fiduciary . . .

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