By David G. Barry

MMBB Financial Services has hired Hyde Hsu as
its new chief investment officer, filling a spot that has been vacant since Noradeen
Farlekas left over the summer.

MMBB is a $3 billion retirement system for Christian ministry workers. Farlekas
spent three years as CIO before deciding to return to academia. She is now a
full-time assistant professor at Fairfield University in Connecticut.

Hsu joins from the New York City Retirement System (NYCRS) where she
spent the past eight months as a senior investment officer – public equities.
She previously spent 23 years with consultant Willis Towers Watson, serving
most recently as director of investments, manager research.

Hsu’s position at NYCRS – formally known as the
Bureau of Asset Management – is one of 23 that it is currently trying to fill.