As Executive Director, David
Eager is responsible for the overall management of more than 260 employees and
the numerous operations of the Systems, which currently has over 386,000
members and $18.3 billion in assets. He represents the retirement systems
on public policy matters, including issues before the Kentucky General
Assembly, and serves as the KRS liaison to Executive Branch agencies and the
Mr. Eager was originally
appointed to the KRS Board of Trustees in April, 2016 by Governor Bevin and was
elected Chair of the Investment Committee. In August, 2016, he was named
Interim Executive Director and served in that capacity until April, 2018 when
the Board voted to make him the Executive Director.
Mr. Eager has a long history
working in the investment industry. He began his career at Gerber
Products Company where he was responsible for the firm's investor relations and
retirement plan and insurance assets. He also administered the in-house
pension equity portfolio and the portfolio of their Gerber Life Insurance
Company. Mr. Eager then moved to Merrill Lynch's Institutional Department
where he was responsible for managing commodity hedging clients, and later joined
Meidinger Inc. in Louisville, Kentucky where he ultimately headed their
investment consulting practice and was a Division Manager overseeing their
benefits offices in Chicago, Milwaukee, St. Louis and Louisville. After
Mercer's acquisition of Meidinger, he managed Mercer Investment Consulting and
was a Global Partner.
Mr. Eager then founded Eager
& Associates, a firm that provided management consulting and marketing
research to a wide variety of investment management firms in the United States
and Europe. Mercer later acquired Eager & Associates, after which Mr.
Eager continued to manage Mercer's Eager Manager Advisory, and was also
retained by Driehaus Capital Management to serve as their Director for Product
Along with two former Eager &
Associates partners, Mr. Eager co-founded Eager, Davis and Holmes, which
continued to provide the service Eager & Associates offered. When Mr.
Eager was first named Interim Executive Director of KRS he was required to
resign from the KRS Board and became an inactive, non-participating partner in
Eager, Davis and Holmes.
Mr. Eager received his Bachelor
of Arts degree in Economics from The Ohio State University and a MBA with
honors from Western Michigan University.