Sun, Jun 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

CalPERS selects chief financial officer

Wednesday, October 17, 2012
Opalesque Industry Update: The California Public Employees’ Retirement System (CalPERS) has named Cheryl Eason as its Chief Financial Officer (CFO), a newly created position to oversee the financial and risk management operations of the $243 billion Pension Fund.

Cheryl Eason comes to CalPERS with more than 25 years of financial management expertise in enterprise risk management and strategic and business planning in both the private and public sectors. She has held several senior executive positions throughout her career, most recently as Vice President, Financial and Plan Board Services for the British Columbia Pension Corporation, one of the largest pension benefit administrators in Canada, and the largest in British Columbia.

“Our CFO will be the single point of coordination for financial and risk-related activities across our organization, and Cheryl is the perfect choice to lead this important task,” said CalPERS Chief Executive Officer Anne Stausboll. “Her background as a senior executive with extensive experience leading business planning, risk management and budgeting operations will ensure that CalPERS maintains a high level of transparency and internal controls in its financial operations.”

As CFO, Ms. Eason will be responsible for managing the finance processes for CalPERS, including budgeting, accounting, cash management, and financial planning and analysis. Ms. Eason will also oversee initiatives to improve and strengthen CalPERS risk management, compliance and ethics. She will be part of CalPERS executive leadership team, provide expert consultation and advice to the CalPERS Board of Administration, and report to Stausboll.

“I’m excited to join CalPERS and look forward to ensuring that the future of the organization continues on a solid financial foundation,” said Eason.

Ms. Eason holds a Master of Business Administration from British Columbia’s Royal Roads University and is a Certified General Accountant. She has also earned the Retirement Plans Associate designation from Dalhousie University and the International Foundation of Employee Benefit Plans. Ms. Eason is a member of the Government Finance Officers Association and the Financial Executives International.

CalPERS, with assets of approximately $243 billion, is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California state, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers, and health benefits for more than 1.3 million enrollees. The average CalPERS pension benefit is $2,332 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2011, is $3,065 per month.

CalPERS

Press Release

BM

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider