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Connecticut Names Deputy for $30B Pension

Laurie Martin will support CIO Deborah Spalding in managing the public fund.

Connecticut’s 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 funds.

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.

Denise Nappier, Connecticut state treasurer, said the appointment “enhances the development of a strong senior executive team in the treasury’s pension fund management division.”

“In today’s 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.

Related: Connecticut CIO to Resign After a Decade

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