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A photo of NIRS board member Angela Miller-May.

Angela Miller-May

Chief Investment Officer, Illinois Municipal Retirement Fund

NIRS Board Secretary-Treasurer

Angela Miller-May serves as the Chief Investment Officer for the Illinois Municipal Retirement Fund, a $55 billion pension fund that services a membership of over 524,000 members and over 3,060 employers. She focuses on providing strategic portfolio construction, excellent manager selection and rigorous due diligence and provides leadership to a team of investment professionals in meeting IMRF’s investment goals. Ms. Miller-May joined the Illinois Municipal Retirement Fund in August 2021.

Prior to serving as IMRF’s Chief Investment Officer, she served as the CIO for the Chicago Teachers’ Pension Fund.

Ms. Miller-May serves on the NAIC LP Advisory Board, on the First Women’s Bank (FWB) advisory board, on the Women Investment Professionals (WIP) Board, on the Toigo Advisory Board, as a member of Private Equity Women Investor Network (PEWIN), a member of the NASP Africa Institutional Investors Advisory Council, a member of SEO’s LP Advisory Council, a member of the NIRS Board, a member of the IDAC Board and NCPERS CIO Summit Advisory Faculty, a member of Accelerate Investors CIO Council, a member of The Economic Club of Chicago and engages with many other organizations.

Ms. Miller-May was honored with the NAIC 2025 Champion of Change Award, named to the 2025 CIOPower100 and 2024 DEICPower100 List, the recipient of the Pension & Investments 2023 Most Influential Women in Institutional Investing Award, the Markets Group 2023 DEI Leadership Award, the National Association of Securities Professionals (NASP) 2022 Pacesetter Award, the Institutional Investor’s 2022 DEI Leadership Award, the Women Investment Professional (WIP) 2020 Trailblazer Award “Distinguished Woman Investment Professional of the Year”, and has received many more awards in addition to the honor of testifying at a 2019 Congressional Hearing on the topic of Diversity and Inclusion.

Ms. Miller-May holds an MBA from Kellstadt Graduate School of Business at DePaul University and has earned her BA in Economics from Northwestern University.