State Treasurer Denise L. Nappier said her office’s Chief Investment Officer Lee Ann Palladino, will retire July 1.
Palladino has worked for the state’s treasury, which oversees its $29.6 billion retirement plans and trust funds, for a decade. She began as overseer of its short-term investment fund, and has been CIO since 2011.
Nappier said Monday that she has named Deborah Spalding as interim CIO as the department conducts a search for a permanent replacement. She has been deputy CIO since Nov. 2013.
Spalding, a chartered financial analyst with more than 20 years of investment experience, was previously a managing partner at Working Lands Investment Partners in New Haven.
She has master’s degrees in East Asian religions, business administration, and forestry from Harvard University, the University of California at Berkley, and Yale, respectively.
