New York City’s $170.8 billion pension funds have two new deputy CIOs.
Alex Doñé and Michael Haddad, who were named group heads of private and public markets last year, were promoted to deputy investment chiefs, a spokesman confirmed Wednesday.
Doñé, who was group head of private markets, will continue to lead that asset class, while Haddad will retain his previous focus as deputy CIO of public and tradeable markets.
The group head positions were newly created last year as part of an ongoing effort to improve the operations of the New York City Bureau of Asset Management.
As group heads, Doñé led private equity, real estate, and infrastructure investments, while Haddad oversaw public equities, fixed income, hedge funds, and short-term trading units.
Doñé first joined the funds in 2012 and previously served as head of private equity. Haddad was hired last year, having previously worked in the asset management industry at firms including Morgan Stanley, Caxton Associates, and Soros Fund Management.
At the time of their appointments last year, City Comptroller Scott Stringer said Doñé and Haddad would “make an immediate impact” at the bureau.
“Improving the operations of our pension fund is a top priority for our administration,” he said. “Their talent, financial acumen, and leadership ability will give us the support and guidance we need for the long-term benefit of the funds.”