National Association of State Retirement Administrators

Position Information

State Investment Officer (CEO)
New Mexico State Investment Council, located in Santa Fe, is searching for a State Investment Officer (CEO) to lead this independent state investment agency managing nearly $45 billion in assets.  The SIC is the third largest U.S. Sovereign Wealth Fund and ranks in the Top 30 globally.  Their assets are expected to grow to around $100 billion in the next 10 years. 
The current SIO has announced his retirement after over 13 years.  This is an exceptional opportunity to work with a highly regarded board and lead an organization with a long history of delivering strong investment performance. 
Serving functionally as the CEO, the SIO is responsible and accountable for the financial performance and operational effectiveness of the organization.  A significant portion of the responsibilities are external facing and outreach to continue the positive relationships with the Legislature, Governor’s Office, Treasurer’s Office, clients, and other stakeholders.
Leading a team of ~25, the SIO has four direct reports – Deputy State Investment Officer & Chief Investment Officer, Chief Counsel, Director of Communication, Legislative & Client Affairs, and the Chief Financial Officer & Administrative Services Director.  
Position: State Investment Officer (CEO)
Organization: New Mexico State Investment Council
Location: Santa Fe,  NM 
United States
Posting Start Date: 9/1/2023
Date Posted: 9/1/2023
Requirements The Council desires a strategic executive with a respected level of investment knowledge and an understanding of the basic tenets of institutional asset management, experience overseeing related administrative and investment functions, and experience managing external stakeholder relations.  Additional requirements and preferences include: 
  • An undergraduate degree, preferably in finance, economics, or related field.
  • At least 10 years of investment and executive management experience.
  • Establish and maintain permanent New Mexico residence (if not currently a resident).
  • Excellent interpersonal, communication and management skills.
  • Advanced degree.
  • Experience with legislative processes at the state level and interacting with elected officials.
  • Experience as an institutional investor across different economic cycles.
  • Experience hiring, coaching, mentoring, and retaining staff.
  • Experience working in New Mexico.
  • Experience stewarding a sovereign wealth fund, public pension fund, state investment agency, or endowment.
Status: This listing expires on: 10/31/2023
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Organization Information
New Mexico State Investment Council

Santa Fe,  NM 87507
United States
Gary Hudepohl