His new office is less than a mile across town, but one
short drive for Thomas Britton Harris IV is a giant shake-up in
the leadership ranks of the institutional investment
Britt Harris, who has been CIO of the $134 billion, Austin,
Texas-based Teacher Retirement System of Texas since
late 2006, is leaving to become CIO of the University of Texas
Investment Management Company (UTIMCO).
The investment management company, which oversees the assets
of the University of Texas, has $40 billion under management and is also
based in Austin.
Harriss hire is expected to be
discussed in an executive session at the UTIMCO board meeting
taking place on Friday in the UTIMCO offices. The news was
first reported late Thursday on Axios. Institutional Investor confirmed
the move from a source at UTIMCO.
Harris replaces Bruce Zimmerman, who resigned from UTIMCO last October. The
move raises questions about who will replace Harris at TRS.
Harris joined TRS after a short six-month stint at Ray
Dalios Bridgewater Associates, prior to which Harris, 59,
was head of the Verizon Communications pension plan.