Connecticut investment officer resigns after 10 days

HARTFORD, Conn. – Connecticut’s chief investment officer unexpectedly resigned last month after just 10 days.

The Hartford Courant reports state Treasurer Denise Nappier called Sean Crawford’s departure “an unfortunate situation.” Crawford started the job on May 14. The position pays a salary of $325,000 a year.

Crawford had been tapped to oversee the Connecticut Retirement Plans and Trust Funds. Nappier had praised Crawford’s “hands-on experience” and “depth of knowledge” at the time of his hiring.

Crawford worked in private investment banking before managing $15 billion in funds at New York’s Metropolitan Transportation Authority.

Laurie Martin replaced Crawford as chief investment officer. Martin was deputy chief investment officer before serving as interim CIO for over a year.

Crawford could not be reached for comment Monday.

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Information from: Hartford Courant, http://www.courant.com

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Information from: Hartford Courant, http://www.courant.com