The Missouri Local Government Employees Retirement System announced on Wednesday the retirement of CIO Brian Collet, whose retirement is effective January 31, 2024. Deputy CIO Megan Loehner will take over in the interim while LAGERS looks for a full-time replacement.
“Brian has been instrumental in modernizing LAGERS’ portfolio and helping ensure a financially sound retirement system for our members,” LAGERS Executive Director Bill Betts said in a press release. “We are grateful for the dedication and expertise Brian has brought to our organization.”
LAGERS plans to retain an executive search firm to assist in the search for the funds next CIO.
Collet joined LAGERS in 2005. Under his tenure, LAGERS AUM grew to $10.1 billion from $2.9 billion and returned an annualized 8.5% over the past 15 years, outperforming its benchmark by 1.8%, as of September 30, 2023.
“I wish to express my deepest gratitude for the opportunities for growth and development provided to me during my tenure,” Collett said in the release. “I am proud of what we have achieved together, and I am confident that LAGERS is well-positioned for continued success.”
Before his tenure at LAGERS, Collet was a senior research manager at the South Carolina Retirement System Investment Commission and a senior technology analyst at Russell Investments. He earned a Bachelor of Science in mathematics from Marian University Indianapolis and an MBA in finance from the Lacy School of Business at Butler University, and holds the CAIA and CFA designations.
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Tags: Brian Collett, CAIA, CFA Institute, LAGERS, Missouri, Missouri Local Government Employees Retirement System (LAGERS)