Missouri LAGERS Appoints Scott Day as CIO

Missouri Local Government Employees Retirement System (LAGERS) is excited to announce the appointment of Scott Day as its new chief investment officer, effective May 1, 2024. With over three decades of experience in institutional asset management, Day brings a wealth of expertise to his new role. Previously serving as the deputy chief investment officer for Utah's School and Institutional Trust Fund Office (SITFO), he played a pivotal role in overseeing the $3.5 billion permanent fund. During his tenure, Day collaborated closely with the executive director and board, focusing on various governance matters such as long-term strategic asset allocation, risk management, and investment strategy.

Before joining Missouri LAGERS, Scott Day held key positions in renowned financial institutions. His most recent role at SITFO in Utah provided him with invaluable experience in managing significant institutional funds. Additionally, his tenure as a managing director at Goldman Sachs, where he served as an outsourced chief investment officer for a $15 billion Canadian pension fund, underscores his depth of expertise and leadership in the investment landscape. With a proven track record of driving strategic initiatives and delivering strong investment performance, Day's appointment signals Missouri LAGERS' commitment to advancing its investment strategies and ensuring the long-term financial security of its members.

“Scott brings a wealth of investment knowledge to the CIO position. We believe his passion for institutional investing and knowledge across all asset classes will help build upon LAGERS’ successful investment program,” says LAGERS’ Executive Director Bill Betts. He adds, “We are excited to welcome Scott to the LAGERS team as we continue to serve our members and employers.” 

Over the course of his professional journey, Day has held several managing director and partner positions at notable institutions such as Microsoft and the Employees Retirement System of Texas. At these organizations, he played integral roles in developing strategic asset allocations, crafting investment policies, establishing capital market assumptions, conducting manager due diligence, and enhancing investment technology infrastructure. Day earned a Bachelor of Science degree in Accounting from George Mason University and obtained his Chartered Financial Analyst (CFA) accreditation in 2001.

“It is an honor and privilege to join LAGERS as the chief investment officer,” Day says. “I am humbled to be able to work with such an outstanding organization and talented team to continue to serve the members. I look forward to building upon the strong foundation established by my predecessors and leading the investment efforts to achieve the investment goals that best serve our members.”

Day succeeds Brian Collett, who retired from LAGERS earlier this year. As CIO, Day will oversee the operations of the LAGERS’ investment department and a portfolio valued at over $10.6 billion. LAGERS engaged executive search firm EFL Associates to assist in the search process.

Source: Missouri LAGERS