Deals and People December 30, 2009

OPERS Picks a New Director of Investments

December 30, 2009 (PLANSPONSOR.com) - The Ohio Public Employees Retirement System (OPERS) has announced that John C. Lane has been selected as Director of Investments.
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As the retirement fund’s chief investment officer, Lane will lead the Investment Division in executing the annual investment plan and long-term investment strategy. Approximately 62% of OPERS’ investments are managed internally, according to an OPERS press release.       

Prior to joining OPERS, Lane served as Director, Pension Investments Worldwide for the Eastman Kodak Company in Rochester, N.Y., Chief Investment Officer for the Pennsylvania Public School Employees’ Retirement System and President of Makefield Securities Corporation.    

“John brings 25 years of collective investment experience gained in managing public and private sector pension investment plans,” said Chris DeRose, OPERS Chief Executive Officer. “John’s diverse background will be instrumental as we work to strengthen our asset base and implement investment policy.”       

Lane, a native of Pennsylvania, obtained Bachelor of Science and Master of Business Administration degrees from LaSalle University in Philadelphia.      

With assets of $68.3 billion, OPERS is the largest public pension fund in Ohio and the 12th largest public pension fund in the U.S.

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