The Maryland State Retirement and Pension System (SRPS) board of trustees has named Robert “Bob” Burd as acting CIO, effective July 1.
Burd now serves as the deputy CIO for SRPS, a role he has held since 2011. In this position, he has played a key role in shaping asset allocation strategy, managing investment risk and overseeing manager selection across the $70 billion portfolio, according to the pension fund.
Burd will assume the interim role after the retirement of Andrew Palmer, who has served as CIO since 2015 and will step down June 30. Burd also served as acting CIO before Palmer’s appointment and successfully led the investment division through that earlier leadership transition.
Under Palmer’s tenure, the system achieved consistent outperformance, expanded internal asset management capabilities, and implemented strategic reforms across public and private markets. Burd has been instrumental in advancing these efforts and will provide continuity an
