Virginia Retirement System Appoints Andrew Junkin as CIO

Junkin currently serves as CIO of Rhode Island’s pension fund and was the president of Wilshire Advisors.

Andrew Junkin

Andrew Junkin was named today as the new CIO of Virginia Retirement System. He will begin his new role in September. The current CIO of Virginia Retirement System, Ron Schmitz, will retire in January 2023.

“I look forward to joining the dynamic, nationally recognized VRS investment team that is known for innovation and successful investment strategies,” said Junkin in the press release. “My goal is to build on this team’s achievements, remaining focused on VRS’ efforts to deliver investment returns within the risk parameters of the fund, and to ensure retirement security for Virginia’s dedicated public servants.”

Junkin is currently serving as the CIO at Rhode Island’s pension fund, which manages approximately $10.5 billion in defined benefit plans and $2 billion in defined contribution plans. Virginia Retirement System has approximately $101.8 billion in assets under management.

Junkin started at Rhode Island in June 2020, making his total tenure there a little over two years. Prior to that, Junkin served as the president of Wilshire Advisors for five years. He holds a bachelor’s degree from Oklahoma City University and an MBA from Wharton.  

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