Geoffrey Berg
After more than eight years in the role and 16 years at the fund, South Carolina Retirement System Investment Commission CIO Geoffrey Berg is leaving the pension system to peruse a new opportunity, the organization announced Monday.
Berg will remain until September and, in that time, will serve as a senior adviser to RSIC CEO Michael Hitchcock. In the interim, deputy CIO Bryan Moore has been named interim CIO.
“Geoff is the CIO you want in every market environment. We were fortunate to have Geoff as part of the team for seventeen years, and undoubtedly his next organization will feel the same sense of gratitude to have him,” Hitchcock said in a statement. “On behalf of RSIC, the Retirement System, and our over 650,000 beneficiaries, it is my honor and privilege to thank him for his service.”
RSIC manages $47.2 billion in assets, as of March 31, rising from $28 billion since the beginning of Berg’s tenure as CIO.
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Berg joined RSIC in 2009 as a director and was named acting CIO in 2015 following the departure of CIO Hershel Harper, who became the CIO of the UAW Trust. Berg was named CIO in 2016, following a search led by Korn Ferry.
Berg holds a bachelors of arts in English from Georgetown University and an MBA in Finance from the Tippie College of Business at the University of Iowa.
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Tags: RSIC, South Carolina Retirement System, South Carolina Retirement System Investment Commission
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