IPERS Appoints New CEO Amid Turbulent Transition | Cedar Rapids News

Iowa’s largest pension fund, IPERS, has a new leader: Martin Noven, a seasoned pensions executive from Maryland and Illinois, takes the helm on August 24th after the previous CEO resigned amid a misconduct probe. Noven, who managed $75 billion in assets, now faces the challenge of steering IPERS’ $47 billion portfolio — which supports over 424,000 retirees — while navigating fallout from recent leadership upheaval, including the firing of the Chief Benefits Officer over harassment and conduct violations. Though officials insist the investigation was personnel-related and didn’t touch financial health, public access to records remains blocked under confidentiality laws — fueling calls for structural reform, including shifting CEO hiring power from the governor to an independent board. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2d4340b15eefa660