Public Retirement & Capital Markets


As our country’s population ages, the importance of retirement security, whether through defined benefit, defined contribution or hybrid plans becomes paramount. Employers recognize the value of these benefits in attracting and retaining talented employees, while at the same time facing the need to control rising costs. Employers that provide these benefits have found it crucial to have visionary executives with unquestioned integrity and the right combination of strategic and technical skills.

EFL Associates’ Pensions & Capital Markets talent management practice meets these needs through our in-depth knowledge of the industry, familiarity with key practitioners, extensive experience and proven search methodology.

Our firm has successfully completed senior administrative and investment leadership searches for plans of all sizes, both public and private, from coast to coast. In fact, no firm can boast of a body of work in this sector that rivals ours. We’re proud of the good name we enjoy with industry leaders and a track record of success that is unmatched.

Our consultants actively participate in and attend industry gatherings. As such, we possess a deep understanding of the industry, its challenges and opportunities. We have guided countless boards, search committees and hiring executives through the process of selecting senior leaders in accordance with their fiduciary responsibilities.

EFL’s Pensions & Capital Markets practice is led by Dan Cummings, Senior Vice President & Managing Director of our Denver office. Dan is recognized as one of the industry’s key talent acquisition specialists and has been a featured speaker at industry conferences.

Beyond just identifying talented leaders for key senior roles in a timely and efficient manner, we define success in terms of candidate longevity and candidate diversity. We’re proud of our track record of identifying leaders that remain in their roles (67% stay five or more years) and our ability to produce slates of diverse candidates (51% of all searches) for our clients to consider.

Key Contacts

Practice Leaders

Dan Cummings
Denver Managing Director

Mary Hobson
EVP Emeritus

Practice Statistics

1999 - Specialty practice's founding year

185- Completed search projects

53- Percent of repeat client projects

29- States with completed search projects

2 - Percent ranking among U.S. search firms

Recent Success

Municipal Employees Retirement System of Michigan
Chief Executive Officer

Kansas Public Employees' Retirement System
Deputy Chief Investment Officer – Private Markets

Delaware Public Employees’ Retirement System
Pension Administrator

California State Teachers’ Retirement System
Benefits & Services Executive Officer

Advisory Board

We are pleased to announce the formation of an advisory board comprised of a diverse group of former and present executives originating from the public pension industry. This team is responsible for providing expert advisory and leadership advice to assure that our pension practice maintains its leading status in the field is a well-poised for the future.

Visit our Advisory Board page to learn more about this unique group.