treasury department has appointed Laurie Martin as deputy CIO of the state’s
$30 billion retirement system.
Martin joins from
Springfield, Massachusetts-based Baystate Health where she was director of
treasury services, overseeing endowment, pension, insurance, and operating
In her new role,
Martin reports to Deborah Spalding, who became CIO last year. Spalding succeeded Lee
Ann Palladino, who retired from the position after more than 10 years.
Connecticut state treasurer, said the appointment “enhances the development of a strong senior
executive team in the treasury’s pension fund management division.”
investment environment of low returns, it is imperative that we maintain and
strengthen operational efficiency at the lowest possible cost,” Nappier added. “Laurie’s
strong investment acumen and her impressive record in achieving best practices,
including back and middle office functions, proved to be most complementary to
our in-house team of investment professionals, and we are pleased to have her
join our team.”
Prior to joining
Baystate Health, Martin held investment accounting positions at insurers The
Hartford and MassMutual. She holds a bachelor’s degree from American
International College and an MBA from the University of Massachusetts at Amherst.
CIO to Resign After a Decade