The California Public Employees’ Retirement System’s Nicole Musicco will step down from her role as chief investment officer, effective Sept. 29, 2023.

Musicco, who joined the CalPERS in March 2022, will leave the investment organization to attend to the immediate needs of family in Toronto, according to a press release. Dan Bienvenue, deputy chief investment officer, will serve as interim chief investment officer.

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“Leading the CalPERS investment office has been an honour and I am proud of the work my team has done to fulfill the retirement promises made to the two million Californians who have spent their lives in public service,” said Musicco in the release. “However, at this time I need to prioritize those who need me the most — my family and children.”