Clint Cary was named senior vice president and chief investment officer for the Office of Employee Benefits, effective March 4. He will replace Bill Clark, who plans to retire on April 1 after 15 years with the Federal Reserve System.

In this role, Cary will be responsible for overseeing and advising on the Federal Reserve System's Retirement and Thrift Plan investment portfolios. This also entails developing investment strategies, designing the investment processes, and overseeing external investment partners who are responsible for managing assets.

Cary brings to the Federal Reserve over 25 years of experience in finance and investments leadership. He served as head of US delegated investment solutions and managing director of investments for Willis Towers Watson. He also founded and was the chief investment officer of the US delegated investment solutions capability at Aon Hewitt. Additionally, he held senior leadership roles in investments and financial management with Northern Trust Global Investments and the Capital Strategies Group of Wachovia Securities. Cary has a background as a pension actuary and is a content contributor for the Defined Contribution Alternatives Association.

Cary holds a bachelor's degree in business administration and actuarial science/accounting from Drake University.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee. As part of the nation's central banking system, the Federal Reserve Bank of Atlanta participates in setting national monetary policy, supervises numerous commercial banks, and provides a variety of financial services to depository institutions and the US government.