New York City comptroller Scott Stronger has promoted Alex Doñé to group head of private markets at the Bureau of Asset Management.
He led private equity at the city’s public pension system for the past 13 months and will add infrastructure and real estate to his responsibilities.
Prior to joining the comptroller office in 2012, Doñé spent more than 16 years as an investment banker and private equity investor at Clearlake Capital Group, KPMG Corporate Finance and Merrill Lynch. He also served for more than two years as a presidential appointee to the Obama administration at the Department of Commerce.
The Bureau of Asset Management serves as the investment advisor to the $162.1 billion New York City pension system, which provides retirement benefits to more than 715,000 government employees.
It hired Greenhill Cogent in May to act as long-term advisor to its pension in relation to the sale of some private equity fund stakes, as reported by Secondaries Investor.
The system is made up of five pension funds: the New York City Police Pension Fund, the New York City Fire Department Pension Fund, the Teachers Retirement System of the City of New York, the New York City’s Employees’ Retirement and the Board of Education Retirement System.
Michael Haddad, who has held senior roles at Morgan Stanley, Caxton Associates and Soros Fund Management, also joined the Bureau of Asset Management as group head of public and tradable markets.