Mike Charette Promoted to New Deputy CIO Role at Michigan MERS
Charette, who has been at the Municipal Employees’ Retirement System for two decades, will oversee equities and fixed-income portfolios.
The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.
The asset manager also promoted Rosalie Berman to chief operating officer.
In an online post, President Donald Trump wrote that he intends the measure to mitigate the housing crisis resulting from an upward spiral of costs.