The Fort Worth Employees’ Retirement Fund board appointed an executive director and chief investment officer to start in mid-March and oversee the fund’s $2 billion investment portfolio.
Joelle Mevi previously served as chief investment officer for the New Mexico Public Employees Retirement Association, overseeing a $13 billion defined-benefit trust, according to a news release.
“We are fortunate to have attracted Joelle to Fort Worth,” Billy Samuel, chairman of the Fort Worth Employees’ Retirement Fund board, said in a statement. “She has broad-based asset class experience and a positive investment performance track record.”
Mevi replaces Robert Hulme, who has been serving as interim executive director. Ruth Ryerson, the former executive director, announced her resignation in May 2013 to become executive director of the Wyoming Retirement System.
The Fort Worth fund has 10,000 members.
Mevi was hired after a national search by Hudepohl & Associates.
She received a Master of Business Administration from the University of New Mexico’s Anderson School of Management and a bachelor’s in business administration from California State University, East Bay. She also holds a government finance manager certiﬁcation from the Association of Government Accountants and has served as a subject-matter expert for revisions to the examination.
Before working for the New Mexico association, Mevi served as chief investment officer for the New Mexico state treasurer and worked for Santa Fe as a cash and investment officer and chief accountant.