By Muskan Arora
Search for an interim executive director begins at the $23.6bn
North Dakota's State Investment Board as Jan Murtha, the executive director of
North Dakota's Retirement and Investment Office steps down.
At the November 22nd SIB meeting, Murtha announced
that “she will be transitioning to philanthropic and private sector
opportunities. Her last day with the agency will be Jan. 3,” as stated by the
news release.
During her three-year tenure, Murtha contributed to a growth
of $4bn of the combined assets
of the institutional pools that SIB oversees.
A special meeting on December 14 will take place to announce the next interim director, while a permanent replacement will be named in the coming six months.
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Murtha replaced David J. Hunter, who resigned from the executive director position in June 2021.
Murtha has served as RIO’s executive director since November
2021 and oversaw an agency relocation and reorganization, and guided
significant enhancements to program scope, technology-enabled processes and
communications strategy.
Prior to joining the pension plan in 2020, she served as a
law attorney at J.Murtha Law PLLC for just over a year.
She has also served as served as assistant attorney General
for almost seven years at North Dakota Office of Attorney General.
She earned her degree in Master of Public Administration and
policy in August 2021 from American University and her doctorate in law at
Marquette University.
The office is a state agency responsible for coordinating
the activities of the State Investment Board, which oversees North Dakota's
Legacy sovereign wealth fund as well as 28 government pension and insurance
funds.
[Image: Jan Murtha’s LinkedIn]
