The move follows the recently announced resignation of current CIO Mark Anson who will step down in January to become chief executive officer of Hermes (See CalPERS CIO to Take Top Spot at UK Money Manager ). A CalPERS news release said that the giant public pension fund had also kicked off a global search for Anson’s replacement and had hired an executive recruitment firm to help in the process.
“It is important that we find the best person for this job that will continue to build on CalPERS success in prudent, innovative and cost effective investment management,” said Rob Feckner, President of CalPERS Board of Administration, in the news release. “This will be a broad search that will be open to all qualified candidates, including our own excellent professional internal investment staff.”
Stausboll is currently the assistant executive officer of CalPERS Investment Operations. She formerly served in the CalPERS legal office for six years, including two years as deputy general counsel. She left in 1999 to become general counsel for California State Treasurer Phil Angelides. She returned to CalPERS in 2004 to help lead CalPERS investment operations.
According to the announcement, CalPERS expects to name a new CIO in the next six to eight months.
CalPERS is the nation’s largest public pension fund with assets totaling more than $196 billion. The system provides retirement and health benefits to more than 1.4 million state, school and local public agency employees.