The Federal Retirement Thrift Investment Board (FRTIB) announced today that it has selected a new Chief Investment Officer.
The FRTIB is the agency which oversees administration of the Thrift Savings Plan. Sean McCaffrey will be the new Chief Investment Officer after moving into the role from his position of Deputy Chief Investment Officer which he has held for nearly three years.
McCaffrey came to the FRTIB with over twenty years of large institutional asset management private sector experience. He has held a number of senior executive level roles supervising disciplines such as fixed income portfolio management and trading, research for all asset classes, and portfolio risk management on a global scale. He has also led indexing strategies for both equities and fixed income.
He began his institutional asset management career at Fidelity Investments in the company’s defined contribution business and stable value fixed income group, and spent over 17 years at Deutsche Asset Management, both organizations being among the world’s largest money managers.
Ravindra Deo, Executive Director of the Board, said, “As Deputy CIO, Sean demonstrated excellent leadership and an ability to collaborate with people to get things done right and, most importantly, in the best interest of our participants and beneficiaries. I have full confidence he will continue to do so.”
McCaffrey replaces Mr. Deo, who was selected as the Executive Director in August of 2017.