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Thomas Kim named Deputy CIO of Treasury Investments Division

The Tennessee Department of Treasury has named Thomas Kim as its new Deputy Chief Investment Officer.

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NASHVILLE - The Tennessee Department of Treasury has named Thomas Kim as its new Deputy Chief Investment Officer.

Mr. Kim, who has served as Director of Fixed Income since 2015, will now assist Chief Investment Officer Michael Brakebill in leading the Treasury Investments Division, which is responsible for internally managing over $82.2 billion in state assets, including the Tennessee Consolidated Retirement System (TCRS) valued at over $53.4 billion.

“I am honored to be able to serve Tennesseans in this capacity,” Mr. Kim said. “I want to thank CIO Brakebill and Treasurer Lillard for giving me this opportunity, and I look forward to assisting the investment team any way I can.”

Mr. Kim is a Chartered Financial Analyst (CFA) responsible for managing and supervising the fixed income division of the TCRS. He was hired at Treasury in 2010 as a senior portfolio manager to manage the corporate bond portfolio at TCRS. Mr. Kim has nearly 25 years of investment experience in fixed income and equity.

“Thomas Kim has proven to be an excellent leader and investor as our Director of Fixed Income,” Mr. Brakebill said. “I frequently look to him for advice. We have worked closely as investors and managers for a number of years, and I look forward to his contributions in this expanded role.”

Mr. Kim came to Treasury with nearly 15 years of private sector experience in asset management for fixed income and equities. He began his career at Legg Mason as an associate equity analyst. After leaving Legg Mason, he oversaw a credit bond portfolio for ASB Capital Management and then Calvert Group in Washington, D.C. He then managed a credit research department to support mutual funds at MTB Investment Advisors (now Wilmington Trust). He holds an MBA from the University of Maryland-College Park and earned a BA from Towson University.

"Thomas Kim has repeatedly demonstrated his ability as a disciplined, insightful investor in these times of volatile markets and, as Deputy CIO, will be the perfect addition to the leadership of the excellent investment team our CIO Michael Brakebill has assembled," said Tennessee State Treasurer David H. Lillard, Jr.

 

About the Treasury Investments Division

The Tennessee Department of Treasury is responsible for many of the financial operations of state government, including managing and overseeing more than $82.2 billion in assets through its various investment programs, the largest of which is the Tennessee Consolidated Retirement System valued at $53.4 billion. Treasury’s Investment Division is comprised of 36 professionals with extensive education, professional training and designations to manage its investments. The department achieves investment returns consistent with its peers while maintaining an investment expense among the lowest in the southeast. For more information on the Investments Division, visit treasury.tn.gov/Investments.

 

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Carrie Green Named New Director of Equities for the Tennessee Department of Treasury

Green to oversee a number of equity portfolios with differing objectives and teams to deliver the desired returns for the asset class.

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State Treasurer David H. Lillard, Jr. has named Carrie Green, CFA the new Director of Equity for the Tennessee Department of Treasury. Following an extensive nationwide search, Green was chosen to lead the Equities team of the Tennessee Consolidated Retirement System (TCRS), where she will oversee a number of equity portfolios with differing objectives and teams to deliver the desired returns for the asset class.

State Pooled Investment Fund Hits Historic $12 Billion Mark

For the first time in history, the State Pooled Investment Fund (SPIF) has surpassed a $12 Billion balance

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State Treasurer David H. Lillard, Jr. announces that for the first time in history, the State Pooled Investment Fund (SPIF) has surpassed a $12 Billion balance. Managed by the Tennessee Department of Treasury, the SPIF is made up of the state’s cash, dedicated reserves and trust funds, and funds from local governments throughout Tennessee who choose to invest with the state.