Jefferson City, MO –The Missouri Local Government Employees Retirement System (LAGERS) announced today the retirement of Brian Collett, Chief Investment Officer (CIO), effective January 31, 2024.
Mr. Collett joined LAGERS in 2005 as the organization’s first chief investment officer. During his tenure, he has played an integral role in the growth of the system, bringing leadership, vision, and dedication to the organization. Under his leadership, LAGERS’ assets under management have grown from $2.9 billion to $10.1 billion and produced a 15-year return of 8.5% as of September 30, 2023, outperforming the benchmark by 1.8%.
“Brian has been instrumental in modernizing LAGERS’ portfolio and helping ensure a financially sound retirement system for our members. We are grateful for the dedication and expertise Brian has brought to our organization,” said Executive Director Bill Betts.
Mr. Collett expressed appreciation for his tenure with LAGERS, stating, “I wish to express my deepest gratitude for the opportunities for growth and development provided to me during my tenure. I am proud of what we have achieved together, and I am confident that LAGERS is well-positioned for continued success.”
LAGERS plans to retain an executive search firm to assist in hiring the organization’s next CIO. Deputy Chief Investment Officer Megan Loehner will oversee the day-to-day management of the portfolio in the interim. RVK Advisors will continue to serve as LAGERS’ Board Investment Consultant.
LAGERS is grateful for Mr. Collett’s contributions to the organization and wishes him the best in his future endeavors.