By Michael Katz
Connecticut Retirement Plans & Trust Funds’ (CRPTF) chief investment officer Deborah Spalding has resigned to become a managing director at Connecticut-based Commonfund, which manages $24.3 billion in assets.
“We are sorry to see her go, but understand the compelling opportunity presented by the Commonfund,” said Connecticut Treasurer Denise Nappier. The state treasury said it has launched an expedited search for a permanent chief investment officer to replace Spalding.
Laurie Martin, deputy CIO of the $29.1 billion CRPTF, has been named interim CIO in Spalding’s absence. Martin joined CRPTF in October 2016, when she was named deputy chief investment officer. Prior to joining the Connecticut Treasury, Martin served 12 years as Baystate Health’s director of Treasury Services.
Spalding’s resignation was effective February 2.