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Texas Municipal Retirement System hires Yup Kim as new CIO
People - DECEMBER 20, 2023

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Texas Municipal Retirement System hires Yup Kim as new CIO

by Lewis Dayton

Texas Municipal Retirement System (TMRS) executive director David Wescoe has announced that Yup Kim, investment director and head of investments for private equity at the California Public Employees’ Retirement System (CalPERS), will become TMRS’ chief investment officer on Jan. 15, 2024. Kim replaces Dave Hunter, who announced his retirement in early November and who will be leaving TMRS in January.

In announcing the news, Wescoe said, “TMRS and its members are extremely fortunate to have Yup Kim join our leadership team. He is one of the most respected public pension plan investors in the country. At CalPERS, Yup partners with a team of 30 investment professionals who manage almost $60 billion in global private equity assets. When CalPERS hired Yup in 2020, they said he was ‘a thought leader in the industry with a unique combination of strategic insight, investing acumen, and management experience.’ I couldn’t agree more.”

Prior to joining CalPERS, Kim

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