Korn Ferry Recruits CIO for Indiana Public Retirement System

July 19, 2016 – Executive search and leadership solutions provider Korn Ferry has placed Scott Davis as chief investment officer of The Indiana Public Retirement System. David Cooper, the organization’s previous CIO, left to become CIO of the $2.8 billion Purdue Research Foundation.

Mr. Davis, a company insider, had been serving as the system’s deputy CIO and director of public equity during the search process. He was also was director of public equity at the pension fund. Previously, he had served as director of debt management at Indiana Finance Authority.

With approximately $30.2 billion in assets under management, the Indiana Public Retirement System (INPRS) serves the retirement needs of approximately 450,000 members and retirees representing more than 1,100 employers including public universities, school corporations, municipalities and state agencies.

According to recruiters specializing in the function, demand for executive level, “high impact” investing talent has been on the rise; that demand is expected to soar in coming years. But recruiters say these roles can be generally difficult to develop and ultimately fill for clients, given their multi-disciplinary and evolving nature. In fact, impact investing roles are new to many organizations, they report.


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Korn Ferry’s structured global impact investing team draws upon its expertise in a number of areas, including non-profit, social enterprise, philanthropy, financial services, energy, education, healthcare, real estate, technology, public-private partnerships, CEO, boards, leadership development, and succession planning. The firm recently recruited Bryan Lewis as chief investment officer of the Pennsylvania State Employees’ Retirement System (SERS).

“It is no secret that demand for high quality CIO’s across the asset allocator spectrum, including endowments and foundations‎, corporate, public and state plans, has increased significantly over the last five years as expectations regarding performance has ratcheted up post financial crisis,” said David Barrett, managing partner of David Barrett Partnersa boutique specialist search firm which recruits senior and C-level professionals for the investment and wealth management sector.

“Demand for CIOs in alternatives, especially real assets, is on the rise as firms take the lead from investors increasingly seeking assets with lower correlation to the stock and bond markets and higher returns,” said Maria de Rossi, a partner at Odgers Berndtson, who specializes in financial services with a focus on alternative asset management, investment banking and private equity.

Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media

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