CalPERS CIO To Chair SEC Advisory Committee

Jun 13 2012 | 10:41am ET

The CIO of the nation’s largest public pension will chair the Securities and Exchange Commission’s newly formed investor advisory committee.

Joe Dear, chief investment officer at the $226 billion California Public Employees’ Retirement System, says he’s “deeply honored to have been selected" for what he termed a "critical leadership role.”

“This committee will give a strong voice to investors on financial and regulatory matters,” said Dear in a statement. “Investor input is important to making sure that we don’t forget the painful lessons we learned from the recent financial crisis.”

The 21-member committee replaces the advisory committee disbanded after the Dodd-Frank Act became law. It will advise the Commission on regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure and on initiatives to protect investor interests and to promote investor confidence and the integrity of the securities marketplace.

Committee members were nominated by all five sitting Commissioners and represent a wide variety of interests, including senior citizens and other individual investors, mutual funds, pension funds and state securities regulators.

In addition to Dear, they include Darcy Bradbury, a managing director at D.E. Shaw & Co; Roy Katzovicz, partner and chief legal officer at Pershing Square Capital Management; and Ann Yerger, the executive director of the Council of Institutional Investors

 

 


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of