Deals and People February 7, 2001

AT&T's Angelica Named CIEBA Chairman

February 7, 2001 (PLANSPONSOR.com) - Robert Angelica, chairman and chief executive officer of the AT&T Investment Management Corporation, was elected chairman of the Committee on the Investment of Employee Benefit Plan Assets (CIEBA) of the Association for Financial Professionals (AFP).

Reported by

Nevin E. Adams

Angelica previously served as vice chairman of CIEBA of AFP and was instrumental in its formation, according to CIEBA.

Angelica replaces outgoing chairman Allen Reed, president of the General Motors Investment Management Corporation, whose term expired at the end of 2000. Reed was PLANSPONSOR’s 2000 Innovator of the Year .

Angelica is currently responsible for the investment and administration of more than $40 billion in funded employee benefit plan assets for AT&T Corp. He began his career with AT&T in 1978 as district manager in the Investment Management division. Prior to joining AT&T, he worked as an analyst in the Securities Investment department of Mutual Benefit Life Insurance Company for six years.

CIEBA is composed of more than 100 of the largest corporate pension funds in the US with over $1.3 trillion in retirement plan assets under management covering more than 15 million plan participants and beneficiaries.

CIEBA became affiliated with AFP in June of 2000 and serves as AFP’s voice on employee benefit plan asset management and investment issues.