The New York State Common Retirement Fund has selected Anastasia Titarchuk to serve as interim chief investment officer after its current CIO steps down.
Titarchuk, the state’s deputy CIO, will replace Vicki Fuller when she retires next week, according to a July 26 announcement from New York State Comptroller Thomas DiNapoli. His office will consider a national search for a CIO later this year, a spokesperson for the retirement fund said via email.
DiNapoli had announced in May that Fuller, who has served as investment chief for six years, would resign this summer. She's leaving a pension fund that had $207 billion of assets at the end of March, a value based on a one-year return of 11.35 percent, according to the public retirement plan's website.
“I will miss our inspiring and dedicated investment staff, but I am proud to leave the fund in a strong position and secure in the knowledge that Anastasia is a talented and thoughtful leader,” Fuller said in the July 26 statement.
[II Deep Dive: New York State CIO Vicki Fuller Resigns]
Titarchuk, who joined the pension fund in 2011, was appointed deputy CIO by DiNapoli in 2015.
She was named one of Institutional Investor’s Hedge Fund Rising Stars in 2015 for the impressive returns she helped deliver while serving as the head of the pension's hedge fund team. Under her leadership, the New York State Common Retirement Fund's absolute-return portfolio gained 9.8 percent during the 2013-2014 fiscal year, beating its benchmark by 423 basis points.
“The fund is fortunate to have Anastasia Titarchuk, who brings a wealth of experience to the position and has proven her skill and knowledge over her years as our deputy CIO,” DiNapoli said in the July 26 statement.
Titarchuk began her finance career at JPMorgan Chase & Co. after earning a bachelor’s degree in applied mathematics from Yale University in 1999. She later worked for Lehman Brothers Holdings, Barclays, and Bank of America Corp., with her Wall Street stints including a leadership role in equities derivatives sales.