The CIO and deputy CIO of the Kentucky Retirement Systems (KRS) will leave the struggling $18.7 billion pension fund this month to go into consulting.
The pension fund is launching a search to replace Rich Robben, executive director of its office of investments, and Deputy Executive Director Andy Kiehl. Their last day at KRS is Sept. 30. They start at Florida-based investment consulting firm AndCo Consulting on Oct. 5.
“Rich and Andy are strong additions to our team of professionals and believe in our customized client solution service approach,” read an AndCo statement.
“Adding two practitioners who have managed and allocated assets from a client’s perspective in the large public plan space will bring a wealth of practical experience and further enhance our ability to add tangible value for our clients,” it continued.