JDG Associates Seeking Chief Investment Officer for the Federal Retirement Thrift Investment Board
November 25, 2025 – Rockville, MD-based executive search firm JDG Associates has been retained by the Federal Retirement Thrift Investment Board (FRTIB), which manages the Thrift Savings Plan (TSP), to lead in its search for a chief investment officer. The CIO provides executive leadership in the development and implementation of investment policy for the TSP including reviewing investment performance and appropriateness of existing funds, analyzing investment products available on the market as well as the delivery of such products, and preparing and presenting investment reports to the board.
This leader oversees the investment management programs and functions of the agency. This executive develops and implements investment policy, procedures, LifeCycle fund asset allocation strategy, and oversight of investment management services. As the principal liaison with the outside investment managers of TSP funds, this leader ensures that funds are invested in accordance with applicable laws and regulations and the policies established by the board.
Candidates must demonstrate evidence of progressively responsible leadership experience. Commitment to the Rule of Law and the Principles of the American Founding is essential for this role. This core qualification requires a demonstrated knowledge of the American system of government, commitment to uphold the Constitution and the rule of law, and commitment to serve the American people.
Driving efficiency is important for this position. This core qualification involves the demonstrated ability to strategically and efficiently manage resources, budget effectively, cut wasteful spending, and pursue efficiency through process and technological upgrades.
Related: JDG Associates Completes Search for Federal Retirement Thrift Investment Board
Founded in 1986, the Federal Retirement Thrift Investment Board is an independent federal agency. “The FRTIB helps federal employees and members of the uniformed services retire with dignity by providing benefits similar to private sector 401(k) plans,” said the agency. “The TSP is widely considered to be one of the best retirement plans in the world and a model for defined contribution plans.” The TSP is one of the world’s largest defined contribution plans, managing over $480 billion for more than 5 million participants located in every time zone around the world.
CFO Search
In 2023, JDG Associates recruited Trevor Williams as the new chief financial officer for the Federal Retirement Thrift Investment Board. Mr. Williams is a financial executive with more than 26 years of honorable service as a military finance officer. He has experience in strategic financial management integrating cross functional applications of policy, finance, and organizational management. Mr. Williams previously served as the comptroller of the U.S. Cyber Command where he led a team of financial management professionals and a budget in excess of $1 billion.
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JDG Associates has been providing executive recruitment services to Fortune 1000 corporations, associations and non-profits, federal, state, and local governments, research and consulting firms, and defense contractors since 1973. The firm’s research-intensive process and personal approach have resulted in more than 4,000 senior-level searches across a broad spectrum of industries and disciplines in the Washington, D.C. region and nationally.
Darren DeGioia serves as president of JDG. He conducts senior-level search assignments for research and consulting organizations as well as the public sector. His areas of expertise include information technology, accounting and finance, the quantitative sciences, operations/general management, marketing, and communications. Prior to joining JDG, Mr. DeGioia spent four years in the hospitality industry with the Four Seasons Hotels and Resorts and Sheraton Hotels.
Related: JDG Associates Fills Senior Position for R&K Enterprise Solutions
Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
