General Motors Corp. announced Monday that it has hired Nancy Everett to become the chief investment officer of General Motors Asset Management on June 1.
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The GM unit's investment subsidiaries manage about $160 billion of pension, 401(k), and other assets for the parent's benefit plans and other clients.
Ms. Everett, 50, is the chief investment officer for the Virginia Retirement System, a $40 billion retirement fund.
She began her career at Virginia's retirement system in 1979 and was named its chief investment officer in 1999.
