FOR IMMEDIATE RELEASE: July 13, 2017
TRS Board selects Jerry Albright as agency’s new chief investment officer
AUSTIN – The Teacher Retirement System of Texas (TRS) Board of Trustees appointed Jerry Albright today as the agency’s new chief investment officer (CIO). The announcement follows last month’s decision by former TRS CIO Thomas “Britt” Harris to accept an offer to serve as chief executive officer for The University of Texas Investment Management Company (UTIMCO).
“We feel incredibly fortunate to have someone as capable, experienced and knowledgeable as Jerry to fill our CIO position,” stated TRS Board Chair David Kelly. “Jerry has what it takes to build on our success over the past 10 years.”
Albright has served as chairman of the TRS Internal Investment Committee and sole director of TRICOT London, the first international office for the TRS pension fund. He previously served as TRS Investment Division’s chief operating officer as well as the director of investment operations.
Prior to joining TRS in 1994, Albright was the executive vice president and a member of the board of directors of a multi-bank holding company in Texas. He also served as a director on the board of two affiliated banks. Albright holds a bachelor’s degree from Texas A&M University.
“Jerry has gained an international reputation as someone who understands the quickly changing landscape of the investment industry and how to stay ahead of the curve,” noted TRS Board Member and Chairman of the board’s Investment Committee Joe Colonnetta. “I am confident Jerry will lead a seamless transition.”
“I can’t be more proud of the work being done by our investment team at TRS,” added TRS Executive Director Brian Guthrie. “Jerry and his team have not only the required institutional knowledge to carry on the progress we’ve made over the past decade, but they have the skills, inspiration and cultural alignment necessary to build upon that progress and continue our role an industry leader for years to come.”
The Teacher Retirement System of Texas (TRS) is one of the largest retirement systems in the nation. The system's core mission is to make a positive difference in the lives of Texas educators by prudently investing and managing trust assets and delivering member benefits. As of August 31, 2024, TRS pension fund had a market value of $209.5 billion.