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NY State CIO steps down

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Raudline Etienne, chief investment officer of the $147 billion New York State Common Retirement Fund since March 2008, has left her post on 15 September. New York State Comptroller Thomas DiNapoli announced that Marjorie Tsang, who is assistant comptroller for real estate investments, will serve as interim CIO as of 16 September.

Etienne will join Albright Stonebridge Group as senior director. The firm, which is led by former US Secretary of State Madeleine Albright, former National Security Advisor Samuel Berger and former Senator Warren Rudman, specialises in global business consulting.

“The fund has done well in a very