Tue, Oct 6, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

CalPERS names Kathleen Webb new chief of risk, compliance and ethics

Friday, April 13, 2012
Opalesque Industry Update: The California Public Employees’ Retirement System (CalPERS) today announced the appointment of Kathleen K. Webb as the pension fund’s Chief Officer for Risk, Compliance and Ethics.

In this newly created position, Webb will be responsible for providing an independent assessment of CalPERS financial, compliance, legal, security, operational, reputational, political, and strategic risks. She will also provide day-to-day executive leadership for two key divisions within CalPERS Office of Enterprise Risk Management responsible for conducting enterprise and program risk assessments, developing an enterprise risk management framework, compliance of CalPERS retirement, health and investment programs, and cultivating a risk-intelligent culture.

Webb will also serve as an independent advisor and consultant to CalPERS Risk Committee and escalate issues to the full CalPERS Board as necessary.

She starts her new role on April 23 and will report to Russ Fong, Acting Chief Financial Officer for CalPERS.

“Kathleen comes to CalPERS with a wealth of experience in California state government,” said Fong. “We look forward to her leadership and guidance to ensure that CalPERS risk and compliance programs are strong, effective and in alignment with our strategic goals and objectives.“

Webb joins CalPERS from the California Correctional Health Care Services (CCHCS) where she served as Director of Policy and Risk Management Services with responsibility for litigation, inmate appeals, internal audits, health information privacy and program compliance for the last two years. She previously served as Chief of the Strategic Planning and Policy Branch for CCHCS coordinating the Federal Receiver’s Turnaround Plan of Action. Her prior State service also includes Deputy Director of the Department of General Services and Director of the Governor’s Office of the Insurance Advisor. Webb has a Bachelor of Arts degree in political science and women’s studies from the University of California, Berkeley.


Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Reuters.com: Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid