Transactions - JULY 22, 2021

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IMRF names Angela Miller-May as CIO

by Kali Persall

The Illinois Municipal Retirement Fund (IMRF) has appointed Angela Miller-May as its new CIO, effective Aug.16.

Miller-May was selected following a nationwide search, which considered candidates from a variety of industries from both the public and private sectors. She will manage IMRF’s $54 billion investment portfolio and will oversee asset-allocation policy, as well as investment-manager selection and performance monitoring.

She joins IMRF from the Chicago Teachers’ Pension Fund (CTPF), where she serves as the organization’s CIO. Prior to CTPF, Miller-May worked in the financial services industry, including for Northern Trust Company.

Miller-May, a nationally recognized pension industry leader, has received the Women Investment Professionals’ “Distinguished Woman Investment Professional of the Year” trailblazer award and Institutional Investor’s “Change Maker of the Year” award. In addition, she has been named one of Crain’s Chica

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