Reporting to William A. Von Hoene, Jr., executive vice president, finance and legal at Exelon, Brown will lead a team of professionals responsible for managing $15 billion of trust assets, including pension, post retirement, nuclear decommissioning trusts, defined contribution and non-qualified plan assets. He will be responsible for managing the governance of the plans, including investment practices, funding, and related regulatory compliance, the company said.
A news release said the appointment is effective November 16 and is aimed at replacing the retiring George Shicora.
According to the announcement, Brown comes to Exelon from Chrysler where he served in a variety of roles during a 26-year career, including most recently assistant treasurer and chief investment officer.
As chief investment officer for Chrysler LLC, Brown led an organization responsible for all asset management activities globally for Chrysler LLC, including pension funds, defined contribution plans and other employee benefit trusts totaling $30 billion. Chrysler’s $20-billion U.S. pension fund has been among the top performing funds over the past one-, three- and five-year periods.
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