People - DECEMBER 6, 2016

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OCERS’ CIO to step down in January

by Jody Barhanovich

Girard Miller, CIO of the $13 billion Orange County (Calif.) Employees Retirement System, will be resigning, effective Jan. 5, 2017, according to a statement from the retirement system.

Miller joined OCERS in July 2012 and has helped grow OCERS’ investment portfolio from $9.4 billion to $13 billion. He is planning to return to the private-sector investment management and advisory business after the transition.

OCERS’ internal human resources department will conduct a national search for Miller’s replacement in early 2017. In the interim, Shanta Chary, director of investment operations OCERS, will coordinate the CIO responsibilities, together with the rest of the OCERS investment team as well as its general consultant, Meketa Investment Group, and OCERS’ strategic portfolio and risk consultant PCA.

OCERS recently made investments in infrastructure and real estate debt funds, including

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