NY State Common Loses CIO, While Maryland Names a New One
The revolving door keeps spinning for the nation’s public pension chief investment officers. The $147 billion New York State Common Retirement Fund will lose its CIO, Raudline Etienne, to the private sector, where she will join the Albright Stonebridge Group as a senior director. The Albright Stonebridge Group is a consulting firm co-founded in 2001 by President Clinton’s former secretary of state, Madeleine Albright, former National Security Advisor Sandy Berger and former Sen. Warren Rudman. Eric Sumberg, a spokesman for New York State Comptroller Thomas DiNapoli, said "we wish her all the best in her new role." The comptroller's office, which oversees the fund, plans immediately to start searching for a replacement. The New York State Common Retirement Fund is the nation’s fourth-largest public pension fund.
