SANTA FE, N.M. – Sherman McCorkle says he believes there could be the appearance of a conflict of interest, although he doesn't believe there is a factual conflict.
He declined to be more specific.
Gov. Susana Martinez named McCorkle to the council Feb. 25.
Clayton banker Craig Reeves resigned recently, saying he was recuperating from surgery and was concerned it would be a few months before he could contribute to the council.
He had been a member for nearly a year as an appointee of the Legislature.
There now are three vacancies on the 11-member board that oversees investment of about $14 billion in state funds.
The third vacancy is a seat to be appointed by the governor.