Scott Stringer, New York City’s comptroller, has promoted J. David Enriquez as the head of the Bureau of Asset Management’s private equity division, effective immediately.
Enriquez will oversee the $12 billion-plus private equity portfolio of the city’s five retirement systems (the teachers, police, fire, employees, and board of education retirement systems). He has been with the bureau’s private equity division since 2016, serving previously as interim co-head of private equity (alongside Gabriel Morrow, who has since exited), and senior investment officer.
Enriquez also worked various investment banking institutions such as Rothschild, Merrill Lynch, and Bear Sterns.
“David has been a prudent and thoughtful portfolio manager and I know he will continue to be a valued member of the Comptroller’s office, strengthening the work of the Bureau of Asset Management and protecting the retirement of New York City pensioners,” said Stringer.
His previous promotion came about because Alex Doñé, then deputy CIO for private markets, became interim CIO following Scott Evans’ June departure. Neither a permanent CIO or Enriquez’ successor have been named.
The entire New York City Retirement System has $200.2 billion in assets under management.