As Executive Director, David Eager is responsible for the overall management of more than 245 employees and the numerous operations of the Systems, which currently has over 386,000 members and $17.6 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 general public.
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 Development.
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.