The $1.07 trillion Federal Retirement Thrift Investment Board promoted Deputy CIO Mike Jerue to CIO. He will succeed Sean McCaffrey, who retired in February after seven years in the position and more than a decade with the agency.
While deputy CIO, Jerue was responsible for policy and execution for the defined contribution Thrift Savings Plan. He also oversaw a team of analysts, led yearly asset allocation reviews for the Lifecycle Funds, and coordinated securities lending and investment manager due diligence.
Prior to being named deputy CIO in 2021, Jerue was an economist, statistician and, finally, a financial analyst for the TSP. He joined the agency in 2016 from the U.S. Navy, where he was an operations research analyst.
“As Deputy CIO, [Jerue] demonstrated exemplary leadership and the ability to accomplish challenging tasks that improve results for the TSP’s participants and beneficiaries,” FRTIB Executive Director Ravindra Deo said in a statement. “I have full confidence in his abilities and know he will continue to advance the TSP’s mission as our chief investment officer.”
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Tags: Defined Contribution, Federal Retirement Thrift Investment Board, Investment Management