Minnesota SBI chooses Jill Schurtz as new leader and CIO

The Minnesota State Board of Investment (SBI) has selected Jill Schurtz to serve as the board’s executive director and CIO. The board oversees more than $120 billion in state pension and other funds.

Schurtz was chosen following a national search and the ensuing recommendation of a search committee composed of representatives of the state’s three largest pension funds, SBI members and the board’s investment advisory council.

Schurtz has served as the CIO and executive director of the St. Paul (Minn.) Teachers’ Retirement Fund Association since 2014. In that role, she is responsible for the fund’s $1.2 billion investment program and the administration of $120 million of annual pension benefits. She was also previously the CEO of Robeco-Sage, an asset management firm.

She replaces Mansco Perry III at Minnesota SBI, who, in December 2021, announced plans to retire from his post in second half 2022 after nearly 10 years with the organization.