CalPERS Announces Leader of Investment Compliance Unit

November 15, 2011 ( - The California Public Employees’ Retirement System (CalPERS) announced the appointment of Carol Baldwin Moody as senior portfolio manager for Investment Compliance and Operational Risk.

Moody has extensive U.S. and international experience in legal, compliance and risk management in banking, insurance, pension, private equity and mutual fund sectors. As the head of CalPERS new Investment Compliance function, she will be responsible for developing, implementing and monitoring investment management compliance and operational risk programs and policies.

Moody comes to CalPERS from Wilmington Trust, where she was senior vice president and chief risk officer overseeing all aspects of risk management. Prior to that, she was senior vice president and chief compliance officer at Nationwide Insurance and chief compliance officer at TIAA-CREF.
After 11 years of law firm and in-house practice, Moody in 1997 became head of compliance for Citicorp’s Global Relationship Bank. From 2003 to 2010, she also served as a director of Carver Bancorp Inc., the holding company for Carver Federal Savings Bank.

Moody holds a bachelor’s degree in finance from the Wharton School of Business at the University of Pennsylvania and a juris doctor degree from Columbia Law School.