U.S. public pension chief investment officers expect their authority to keep expanding as boards and staff delegate more investment decisions to them.
AI and other technology upgrades are accelerating that shift by giving CIOs faster analysis and broader oversight, according to current public pension investment chiefs.
That evolution could also reduce consultants' influence as more strategy, manager selection and portfolio decisions move in-house under CIO-led teams.
The change points to a wider remaking of the public pension leadership pipeline, with nontraditional career paths increasingly likely to produce the next generation of CIOs.