For Immediate Release: July 13, 2023
CONCORD, NH – Brian Bickford of Hopkinton was recently appointed to the New Hampshire Retirement System (NHRS, the retirement system) Independent Investment Committee (IIC) as a public member.
Bickford was nominated by the Governor and subsequently confirmed by the Executive Council in June. His term runs through June 2026.
He has over 30 years of investment management experience and has been managing money in New Hampshire for more than 25 years. He is a senior vice president and director of client portfolio management at Cambridge Trust. Bickford earned a Bachelor of Science degree in Business Administration at the University of Maine and a Master of Science degree in Finance at Florida International University. He is a Chartered Financial Analyst® (CFA®) and a Certified Financial Planner ™ professional.
He serves on the finance committee for the Pope Memorial SPCA in Concord. He lives in Hopkinton.
The IIC manages investments based on the investment policy and asset allocation approved by the Board of Trustees. The IIC continuously monitors and evaluates performance and makes determinations regarding the hiring and retention of fund managers.
The IIC was established under RSA 100-A:14-b, on January 1, 2009. As originally constituted, the committee consisted of three public members and up to two representatives of the Board of Trustees; legislation enacted in 2019 added an active NHRS member to the IIC as a non-voting committee member. Public members and the active NHRS member are nominated by the Governor and must be approved by the Executive Council. Trustee members are appointed by the chairperson of the Board of Trustees. By law, all IIC members must have “substantial experience in the field of institutional investment or finance.”
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and more than 460 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,500 active members and 42,000 benefit recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.