The Federal Retirement Thrift Investment Board (FRTIB), the organization tasked with administering the Thrift Savings Plan, has announced the selection of a new Executive Director after unanimous support from other Board members.
Ravindra Deo will be the FRTIB’s new Executive Director effective August 6, 2017. The Executive Director of the Board serves as the Chief Executive Officer and managing fiduciary of the TSP which serves Federal employees and members of the uniformed services.
Mr. Deo has been Acting Executive Director since May, 2017, and he also served as Acting Chief Operating Officer for nine months, from June of 2016 to February of 2017.
Mr. Deo joined the FRTIB in February of 2015 as the Chief Investment Officer (CIO). As CIO, he oversaw the re-competition of the Agency’s investment consultant contract.
Mr. Deo came to the FRTIB with more than 25 years of investment experience. He received his Masters of Business Administration from the University of California, Berkeley and his Bachelors of Technology from the Indian Institute of Technology, Delhi.
Michael Kennedy, Chairman of the Board, said, “Ravi brings a unique background to the TSP. He has a breadth of investment, operational and IT experience that the Board believes positions him well to lead the Plan and to help our participants retire with dignity. ”