ERS CIO Tom Tull announces plans to retire next year
Departure planned for summer 2021
Employees Retirement System of Texas (ERS) Chief Investment Officer Tom Tull has announced plans to retire next summer after nearly 12 years with the system. Executive Director Porter Wilson said Korn Ferry US, Los Angeles, CA, has been selected to assist in the transition with help in finding Tull’s replacement over the coming months.
Wilson said, "Tom has been a critical part of ERS' success in managing our $29 billion investment program. Tom's skill and expertise helped transform the investment portfolio by moving more investment management in-house, saving on external fees, and incorporating alternative assets including internal high yield and infrastructure teams."
Tull began his career with ERS in 2009 as Director of Strategic Research after a long and successful private career in the investment industry. He was named Chief Investment Officer of ERS in 2012. Before joining the agency, he served for 11 years as a member of the Investment Advisory Committee (IAC), which is appointed by the ERS Board of Trustees to consult and advise the Board on investments and investment-related issues.
He has been recognized throughout the years with a number of investment industry awards, including the aiCIO Industry Innovation Award, Institutional Investor Public Funds CIO of the Year and AIF Institute Statewide Accredited Program Excellence Award. He also served a three-year term as a member of the National Adjudicatory Council of the Financial Industry Regulatory Authority (FINRA) and as a member of the investor Advisory Board of the National Institute of Public Finance.
Tull said, “It has been an honor and pleasure to serve ERS in a number of roles over the years and I hope to continue to serve in whatever capacity I can to contribute for the benefit of the Trust and its beneficiaries. In turn, I have been very fortunate at ERS to have had a tremendous Board and IAC to work with as well as an excellent team.”
Tull’s departure is currently planned for summer 2021.
See Tom Tull’s bio.