Champaign, IL – Daniel Allen, chief investment officer (CIO) of the State Universities Retirement System of Illinois (SURS), has announced plans to retire later this year.
Allen has served the SURS Board of Trustees as CIO since 2005. He joined SURS in 2000 as deputy chief investment officer. Allen is only the third CIO in SURS 75-year history.
“I am honored and privileged to have served the board over the years,” said Allen. “The opportunities, challenges and fun of leading the investment team have been very fulfilling. It has been a unique experience that I will always cherish. I am looking forward to my next adventure in life as a SURS annuitant.”
The SURS Board of Trustees will work with Heidrick & Struggles, a Chicago-based executive search firm, over the next few months to conduct a nationwide search for qualified candidates.
SURS is one of five Illinois state retirement systems, providing retirement, survivor, disability, and death benefits to over 220,000 employees and retirees from 61 public universities, colleges and state agencies. SURS is funded by employee/participant contributions, state/employer contributions and investment returns. As of June 30, 2015, SURS assets were approximately $17.5 billion.