Our Team: Funston Advisory Services

Rick Funston

Managing Partner

Frederick (Rick) Funston is the Managing Partner of Funston Advisory Services LLC, focusing on governance, strategy, operations and risk intelligence.  In 2001, he created the concept of risk intelligence for both value creation and value protection.  He is a frequent public speaker both domestically and internationally and he is the principal author of Surviving and Thriving in Uncertainty: Creating The Risk Intelligent Enterprise™, published by John Wiley & Sons in April, 2010.  This book was specifically targeted at the governance and risk oversight needs of boards and executives in both public and private sectors.

Since founding Funston Advisory Services in 2010, Rick has led a series of assignments with major public retirement systems, including the New York City Bureau of Asset Management (BAM), the South Carolina Public Employee Benefit Authority, the South Carolina Retirement System Investment Commission (RSIC), the School Employees Retirement System (SERS) of Ohio, the New York State Common Retirement Fund (NYS CRF), the Oregon Investment Council, and the California Public Employees’ Retirement System (CalPERS).  He has provided numerous board and executive education session. Rick retired from Deloitte & Touche LLP in May 2010 and formed Funston Advisory Services LLC.  Prior to his retirement, he was the National Practice leader for Deloitte’s Governance and Risk Oversight Services.  In that capacity, he served many of Deloitte’s largest domestic and global clients and was responsible for the thought leadership that currently underpins Deloitte’s globally pre-eminent position in risk intelligence.

He has over forty years’ experience in both not-for-profit and for-profit sectors.  Before joining Deloitte, Rick was the CEO of Continuous Improvement Services Inc.  He began his career in the public sector consulting on strategy and operations, organization and leadership development, performance management, program evaluation and survey research.

Rick has been a guest lecturer at the Yale School of Management and Princeton University. He also served on the Board of Visitors for the Oakland University School of Business Administration from 2009-2011.  He was awarded a B.A. from York University in Ontario and an M.S.W. from Tulane University.


Randy Miller


Principal

Randall (Randy) W. Miller has been a Principal with Funston Advisory Services LLC since its founding in 2010.  He has been a leader of our fiduciary and operations reviews and is an expert in public retirement system governance.  He has co-authored a number of white papers on the topics of public pension fund governance, operations and risk.  He has extensive experience in planning and conducting complex reviews and improvement programs in large organizations.

Together with Rick Funston, Randy has co-led assignments with many major public retirement systems, including the New York City Bureau of Asset Management (BAM), the South Carolina Public Employee Benefit Authority, the South Carolina Retirement System Investment Commission (RSIC), the School Employees Retirement System (SERS) of Ohio, the New York State Common Retirement Fund (NYS CRF), the Oregon Investment Council, and the California Public Employees’ Retirement System (CalPERS).  He has provided board and executive education for the Ohio Police & Fire Pension Fund and the Oregon College Saving Plan boards.

Randy retired from Deloitte Consulting LLP in February 2010 after 27 years of service, where he most recently led Mergers & Acquisitions Integration Services to manufacturing industry clients. He has significant international consulting experience, led Deloitte’s global automotive industry consulting practice, and was based in Germany with Deloitte from 1997-2003, where he led Deloitte Consulting DACH (Germany, Austria, Switzerland) for two years.  He specialized in planning and implementation of mergers, acquisitions and divestitures; market and supply chain strategy; and cost reduction/ operations improvements.

Randy has led a variety of benchmarking studies, including board governance, investment operations, overhead cost structure, information technology strategies, and business transformation strategies. Randy received an A.B. degree from Dartmouth College with a major in Engineering Sciences.  He also received a B.E. from the Thayer School of Engineering and an M.B.A. from the Amos Tuck School of Business, both also at Dartmouth.  Prior to Deloitte, Randy was a car product planner at Ford Motor Company.


Keith Bozarth

​Keith S. Bozarth retired as Executive Director of the State of Wisconsin Investment Board (SWIB) in June 2012 and has been an active team member with FAS since that time.  


During his tenure  at SWIB he successfully led a number of  key initiatives:  

  • Modernization of Wisconsin law governing SWIB investments, providing full "prudent investor" authority; 
  • Changes in Wisconsin law to provide trustees with full control of SWIB budget and staff positions; 
  • Thirty percent increase in staffing at SWIB, which facilitated an increase in internal management from 20% of assets to over 50%, resulting in net cost savings; 
  • Review of the actuarial assumptions used for investment return and wage growth, resulting in significant  adjustment to both;
  • Implementation of a cost attribution system, assigning cost to individual portfolios, and a revised incentive program to reflect full "net return" calculation;
  • Revised incentive program to reflect market for comparable operations; and
  • Implementation of an enterprise risk management function for SWIB. 


Before joining SWIB, Keith w as CEO of the Orange County Employees Retirement System in California. His experience working with public pension funds began in 1992 and also includes the Teachers' Retirement System of Illinois  and both the State Employees' and Public School Retirement systems in Missouri. He has served 11 years in  a CEO role with oversight of investment, benefit and actuarial funding pl ans. In addition, he spent five years providing counsel to the Missouri section 457 deferred compensation plan  and served one term as a member of the oversight member of the board for the plan. In total, he has nearly 25 years involved in deferred compensation or pension issues. He has overseen asset-liability studies at four different public funds, working with a range of consultants and actuaries. Keith is a well-known figure among the pension fund community and has regularly published and presented. 

Keith holds a bachelor's degree and a J.D. degree, both from the University of Missouri-Columbia. He also was awarded the Retirement Plans Associate designation from the International Foundation of Employee Benefit Plans (joint program with the Wharton School).

Virginia Brizendine

Virginia Brizendine served as Chief Financial Officer for the School Employees Retirement System (SERS) of Ohio from 1999 to 2010. Prior to SERS Ohio, she was employed by the Public School Retirement System of Missouri (PSRS) and Public Educational Employee Retirement System of Missouri (PEERS) from 1981 until 1999. During that time, she served as Chief Financial Officer of PRSR/PEERS from 1994 to 1999, as PSRS Administrator from 1986 to 1994, and as PEERS Administrator from 1981 to 1986. 

Virginia is a Certified Public Accountant (Missouri Certificate No. 7773, retired) and a Certified Government Financial Manager (CGFM) (Certificate No. 4). She also holds a Missouri Permanent Teaching Certificate. 

Virginia is an instructor for the Association of Government Accounts on the topics of "Government Environment" and "Government Financial Management and Control." She has made presentations throughout the United States on "Dealing with Change in the Workplace," "GAAP for Public Pension Plans," "Internal Control Issues," "Fraud in Public Retirement Systems," and "Ethics in Government."

She has served as chairman of the GFOA Committee on Retirement and Benefit Administration, was the national president of the Association of Government Accountants and was a co-founder and president of the Public Pension Financial Forum (P2F2). 

Virginia earned an M.S. in Accountancy from in 1981, an M.M.Ed. in 1977, and a B.S.Ed. (magna cum laude), all from the University of Missouri.


Debra Cope

Debra Cope is President of Cope Financial PR, Inc. a Washington, D.C.-based strategic and crisis communications advisory firm that serves financial companies nationwide. She has more than 25 years of experience in financial journalism and corporate communications.  Her firm offers a wide range of services, including devising media strategy, developing reputation management programs, mapping out crisis communications plans, implementing branding initiatives, updating graphic designs, and writing and editing services.  In addition, Cope Financial PR advises on and implements a wide range of communications activities such as placing speakers on conference programs, crafting speeches, providing marketing support, developing web content, and placing op-eds.

Prior to founding her own firm, Debra was with Promontory Financial Group LLC, a premier strategy, risk management, regulatory, and compliance consulting firm working primarily with the financial services industry, for over seven years, serving as Group Director of Communications.

Earlier, as executive editor of the American Banker newspaper, Debra led an expansion of the newspaper’s coverage to include investment products and services, personally directing coverage of mutual funds, annuities, and retirement plans. Other experience includes the positions of Senior Vice President of Publishing for America’s Community Bankers, North American Banking Team Leader for Bloomberg News, Washington Bureau Chief for National Mortgage News, Staff Editor for the Bureau of National Affairs, Legislative Writer for the National Association of Home Builders, and Staff Writer for the American Bankers Association.  Debra received her B.A. from Butler University in Indianapolis.


Marv Damsma


​Marv Damsma has worked for several private and public pension funds as chief investment officer, including The Kellogg Company and the New York City Retirement Systems.  He served BP America Inc. for twenty-one years, most recently as the Director of Trust Investments, where he oversaw assets of over $19 billion.  For twelve years he managed the in-house investment team.  Marv served as an investment operations expert on the FAS team on several assignments.

Marv has been intimately involved in investment policy, strategy, control, risk management, operations, internal management, actuarial issues, cash management and information systems.  He has been a leader in overseeing the funds of such large organizations as BP America, Amoco, the City of New York Bureau of Asset Management, and the Kellogg Company.  He was a pioneer in developing unique information systems regarding risk management and governance of funds and was one of the early adopters of the concept of portable alpha.  He currently sits on various corporate pension and foundation investment committees and is the Chair of the International Electrical and Electronics Engineers (IEEE) Pension and Endowment Fund.

Marv is a graduate of Babson College (1967), and he served in the U.S. Army (1969-71).


Gina Eubanks


Gina Eubanks is Managing Principal of Eubanks Risk Consulting LLC, a woman-owned small business. Gina has a rich background in advisory services including over 20 years in the internal audit profession, Board Audit Committee member for a large credit union and Board member for a behavioral health care provider. Through her work in both the United States and India, she has built a reputation for driving significant growth of strategic internal audit resource capabilities.

Gina has a broad perspective, outcome driven passion and proven track record leading multinational/multifunctional teams to develop strategies, enhance governance processes, design talent strategy, and implement methodologies and tools. Gina frequently consults and facilitates on the topics of risk management, quality assurance and improvement programs, internal audit management, facilitation skills, and various governance related topics.  She recently co-authored, “Leveraging COSO Across the Three Lines of Defense,” published by Committee of Sponsoring Organizations of the Treadway Commission. 

Most recently, Gina was Vice President of Professional Services at the Institute of Internal Auditors (IIA) where she led quality assessment reviews, chief audit executive services and industry knowledge centers.  During that time, she facilitated many chief audit executive events and the development of thought leadership related to emerging trends.  Prior to joining the IIA, Gina was an internal audit director at a mortgage processing company and at Deloitte & Touche LLP for 15 years. 

Gina holds several designations: Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA), Certification in Control Self-Assessment (CCSA), and Certified Information Systems Auditor (CISA).  She earned a bachelor’s degree in accounting from Middle Tennessee State University and attended an executive leadership program at Wharton School of Business at the University of Pennsylvania.

Dan Grossberg


Daniel A. (Dan) Grossberg has a broad range of technical skills including program/project management, internal controls assurance, IT/ERP risk management and ITIL implementation. He has experience working in a large IT organization which included supporting Knowledge Management and IT Portfolio Management and aligning IT strategy to business priorities. Dan also has eight years of experience as an IT consultant and advisor, including implementation of various commercial ERP packages and assisting in turning around troubled software implementation projects.

Dan most recently served three years as Audit Director for BDO USA, LLC, developing BDO’s Information Systems (IS) Audit Practice for the Atlantic Region. He led IT audits for over 100 engagements annually, including 12-14 public companies that were subject to four PCAOB reviews (with no IT control findings). Dan also led advisory support for IT controls implementation across various industries.

Prior to BDO, Dan worked for 13 years with Ernst & Young in various information technology-related roles. His last assignment included rotating through several internal IT management roles in National and Global practice support including Knowledge Management and IT Portfolio Management. He served various internal clients including Americas Assurance leadership, Global Procurement leadership and Global Finance leadership in aligning IT strategy to business priorities through the development and execution of iterative budget and reporting processes and decision support.

Dan also served at Ernst & Young in a client service IT delivery role, including both internal- and external-facing responsibilities for project execution, business development and business management, including SAP and JD Edwards/EnterpriseOne implementations. He led analyses of several troubled ERP implementations to identify root causes and recommend adjustments to business processes and internal controls.

Dan received his Master of Accounting degree and completed PhD coursework in Accounting at the University of North Carolina, Chapel Hill and also received a Bachelor of Science in Accounting, Miami University, Oxford, Ohio. He is a Certified Public Accountant (CPA) and a Certified Information Systems Auditor (CISA).

Jane Hamblen

Jane Hamblen recently retired as the Chief Legal Counsel for the State of Wisconsin Investment Board.  During her ten years at SWIB, Jane provided advice on fiduciary duty, ethics and board governance and supervised the legal aspects of SWIB’s investment activities and litigation.  She also supervised the Legal, Compliance and Corporate Governance staff and served on SWIB’s Compliance and Enterprise Risk Committee.

 
Prior to joining SWIB, Jane was the Assistant Attorney General for Investments and Employee Benefits in Wisconsin. Previously, Jane practiced law in New York City, first with Davis Polk and Wardwell and then with O’Melveny & Myers, where she was a partner for eight years, specializing in financial transactions and corporate governance.
 
Jane served on the Board of the Council of Institutional Investors, where she chaired the Governance Committee and was a member of the Policies Committee and the Strategic Planning Sub-Committee.  As a member of the National Association of Public Pension Attorneys, Jane chaired the Fiduciary Duty and Plan Governance Section. She is currently a member of the Standing Advisory Group to the Public Company Accounting Oversight Board (PCAOB).
 
Jane received law degrees from the University of Texas at Austin and Cambridge University in England and a bachelor’s degree in English from Rice University.   She is admitted to practice law in Wisconsin and in New York.

Steve Harding


Steven M. (Steve) Harding is a risk thought-leader with over twenty-five years of consulting experience. He has made practical recommendations which have helped over 60 of the largest public pensions and diverse investment organizations to implement leading practices across the U.S.


Most recently Steve was Director of Finance, Accounting and Investment Operations at the $11 billion IAM National Pension Fund, 401(k) Plan ($400 million) and Benefit Trust Funds (Medical, Vision, Dental). He was responsible for oversight of all aspects of finance, accounting, financial reporting, and investment operations for the $11 billion fund. Steve also headed his own consultancy firm delivering risk management services primarily to public funds through their audit committees and internal auditors. Prior to that, Steve was Managing Director at Independent Fiduciary Services (IFS), a registered investment adviser, where he ran the Operational Review side of the company. Steve was Assistant Director of Internal Audit at the New York State Common Retirement Fund where he managed financial, compliance and operational audits of the $100+ billion fund. His experience includes both investments and benefits administration. He has also worked as Chief Audit Executive for a New York stock exchange member firm and public company, and has advised Board level finance, budget, audit and risk committees. Steve served for three years as an independent Audit Committee board member of the General Board of Pensions and Health Benefits of the United Methodist Church (now WesPath), the largest non-profit employee benefit plan in the U.S. with $21 billion in assets.


Steve also has significant recent experience with investment accounting, governmental and non-profit organizations, real estate asset management and private equity investments. Steve served as board member of the Foundation for Fiduciary Studies from 2003 to 2006. He also served as a special consultant to the Texas Municipal Retirement System Audit Committee and to the CalPERS Ad Hoc Risk Management Committee ERM initiative. He is a member of the American Institute of Certified Public Accountants and the Institute of Internal Auditors. Steve is a CPA licensed in New York.

He is author of:
  • Managing Relationships: Win-Win, Lose-Lose, or In-Between? What are Your Negotiating Results?
  • Managing Relationships with Investment Managers: Are You Monitoring the Most-Favored-Nation Clause?
  • Case Study: The Three Lines of Defense Model for Risk Management and Control – Adaptation to an In-house Asset Manager
  • Managing Relationship Risk: Are Risk Managers Neglecting the Iceberg Below?
  • Auditing External Real Estate Advisors: 101 Best Practices.

    Steve also authored the chapter, “Pension Funds” in Institutional Money Management published in 2012.

Keith Johnson


​Keith L. Johnson is an attorney who heads the Institutional Investor Legal Services team at Reinhart Boerner Van Deuren s.c. (Reinhart Law).  Keith represents pension funds and institutional investors on fiduciary, investment, securities litigation and corporate governance program matters.  He was program director of the Wisconsin International Corporate Governance Initiative at the University of Wisconsin Law School, while serving as an adjunct professor of law.  Keith and the Reinhart Law team have been involved in most FAS public retirement system assignments.

Keith was formerly legal counsel to the State of Wisconsin Investment Board (SWIB), the ninth largest public pension fund in the United States, for more than 21 years, including almost seven as chief legal officer.  In that capacity, he headed SWIB's fiduciary duty compliance, corporate governance, investment, legal services and securities litigation programs and was a member of SWIB's Risk Committee.  He also served as a Board Member and President of the National Association of Public Pension Attorneys (NAPPA).

Keith regularly represents institutional investors in negotiation of investment manager and private market investment agreements and provides counsel on corporate governance, securities litigation and fiduciary duty to many of the world's largest pension funds and institutional investors.  He and the Institutional Investor Legal Services team at Reinhart Law have provided investment, benefits, insurance, tax and fiduciary counsel services to a number of public pension funds, including CalPERS, the State of Wisconsin Investment Board, New York City Pension Funds, Texas Teachers Retirement System, North Carolina State Treasurer, Connecticut State Treasurer, Kentucky Retirement Systems, Employees Retirement System of the State of Hawaii and Milwaukee City and County pension boards.  He is co-editor of the Cambridge University Press Handbook of Institutional Investment and Fiduciary Duty.

Keith is a member of the State Bar of Wisconsin and the State Bar of Texas.  He earned a J.D. degree from the University of Wisconsin Law School and a B.A. from the University of Wisconsin-Madison.


Ken Johnson

Kenneth (Ken) W. Johnson became Administrator for Global Investor Collaboration Services, LLC after retiring at the end of 2010 as Chief Operating Officer and Chief Financial Officer for the State of Wisconsin Investment Board (SWIB).  As COO/CFO for over 10 years, Ken had oversight of SWIB support services including financial operations, information technology, communications with the public, and cost-effectiveness benchmarking.  He previously served as a team leader and analyst for the nonpartisan Wisconsin Legislative Fiscal Bureau and as Executive Assistant to the Secretary of the Wisconsin Department of Veterans Affairs.  Ken has been part of the FAS team on numerous public retirement system assignments.

Ken was a board member and treasurer for Summit Credit Union, one of the largest credit unions in Wisconsin, for six years.  He is currently an outside director for Bankers’ Bank, which supports community banking services in the Midwest.  He continues to serve as a board member and investment committee chair for the Wisconsin College Savings Program (EdVest).  Ken holds a bachelor’s degree from Northwestern University and a master’s degree in public policy administration from the University of Wisconsin-Madison.  He also holds the Claritas Investment Certificate from the CFA Institute.


Kelly Kenneally


Kelly Kenneally is president of Kenneally Company LLC, a strategic communications consulting firm founded in 2004.  Kelly has 25 years of public affairs and communications experience, with specialized expertise in finance and public policy communications.  

In recent years, much of her work has revolved around establishing a national research and education public policy non-profit, the National Institute on Retirement Security.  On behalf of NIRS, she develops and implements communications programs that educate target audiences on public and private sector pension issues.   She also has worked with organizations like the National Association of State Retirement Administrators (NASRA) and NRTA: AARP’s Educator Community to help pension plans, retirees and other stakeholder groups communicate the facts and benefits of public pensions.

For large multi-national publicly traded companies, Kelly has overseen internal and external communications programs.  She managed corporate and financial communications at MCI WorldCom.  At Micron Electronics, she was the communications director working on financial communications and employee communications.  She implemented innovative employee programs during a time of major corporate transformation and cuts to benefits, salaries, and jobs. 

Kelly has led effective stakeholder outreach, message development, and media outreach campaigns for companies, national trade groups, and research organizations.  Kelly’s work has helped her clients change the debate on policy issues, educate target audiences, and secure national media coverage in top outlets like The Wall Street Journal, The New York Times, USA Today, The Washington Post, CNN, NPR, FOX News, and C-SPAN among others.  She has authored multiple public opinion research studies that have been covered by USA Today and The Washington Post.

Prior to establishing a consulting practice, Kelly served in the White House as deputy director of the President’s Commission on White House Fellowships, one of the nation’s most prestigious programs for leadership and public service.   She has held public affairs positions at Micron Electronics, MCI WorldCom, Edelman Public Relations, Environmental Issues Management, Inc, and the American Nuclear Energy Council.  She began her career as a legislative assistant with the Maryland General Assembly.  

Kelly holds a B.A. in Government & Politics from the University of Maryland, and has undertaken graduate coursework at The George Washington University in the political management program.  She is a member of the National Press Club.


Jon Lukomnik

Jon Lukomnik is managing partner of Sinclair Capital L.L.C., a strategic consultancy to corporations, institutional investors and the investment management industry, and has served as executive director of the Investor Responsibility Center Institute (IRRCi) since 2008.  He has provided risk management, product development, due diligence, fund selection and portfolio construction services to various institutional investors.  Clients have included Nikko Asset Management, Legg Mason, SBLI Mutual Life Insurance Company, and NS Capital.  He currently serves on two investment committees.  Jon is a trustee for the Van Eck mutual fund complex. He has also been a director for various public companies, private companies, not-for-profit corporations and litigation trusts.

Jon was deputy comptroller for pensions for the City of New York in the mid-1990’s, where he was the designated investment advisor for the City’s five defined benefit pension funds and was investment advisor for defined benefit plans totaling $80 billion in assets, as well as the City's own treasury.  In total, he has served as investment advisor or trustee for more than $100 billion in assets under management for various trusts, pension funds, endowments and asset management companies.

Over the course of his career, he has conducted more than 1,000 due diligence and external asset manager monitoring meetings.   Jon was named by the National Association of Corporate Directors as one of the 100 Most Influential People in America for Corporate Governance in 2011 and 2012.  He was the International Corporate Governance Network's 2013 honoree for "excellence in corporate governance."  He was recently appointed to the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB) for a three-year term beginning in 2015.

A frequent contributor to both academic and practitioner publications, Jon co-authored the award-winning book, The New Capitalists: How Citizen Investors Are Reshaping the Corporate Agenda (Harvard Business School Press, October 2006) and writes a monthly column for Compliance Week.


Todd McGowan


​Todd McGowan has broad experience in leading teams involved with governance, risk management, business process, information technology and internal control audits.  He is a senior leader with demonstrated ability to identify cost savings and implement process improvements. His industry experience in serving clients includes manufacturing, financial services, energy and healthcare/ insurance.

Most recently, Todd was Executive Vice-President and Managing Director, Regulatory Affairs and Operational Risk for Flagstar Bank in Troy, Michigan.  In this role, his duties included preparing and presenting remediation status updates to the Bank’s Board of Directors and its Compliance, Audit and Risk Committees.  He developed action plans based on the findings and recommendations arising from supervisory letters and regulatory examinations.  He also managed the bank’s ERM Operational Risk functions which included SOX financial compliance, vendor risk management, commercial appraisal group, model risk management, data and record retention, and business continuity management.  In his prior role as Executive Vice-President and Chief Risk Officer for four years, his responsibilities included ensuring the institution was in substantial compliance with internal operating policies and procedures as well as regulatory requirements.  He also reorganized and centralized ERM and Compliance functions previously maintained within the bank’s operational business units.  This included hiring a Chief Credit Risk Officer, Chief Compliance Officer, Chief Audit Executive and head of Business Continuity Management.  He also co-sourced certain functional ERM activities until internal capabilities were developed and matured, including Internal Audit (technical audits), Commercial Loan Review, and Data and Records Management.

Prior to Flagstar Bank, Todd was a partner with Deloitte & Touche where his roles included Regional Quality Risk Management Partner, Regional Internal Audit Practice Leader, Regional Enterprise Risk Services Leader, and Regional Controls Assurance Leader.  He led engagement teams in delivering cross functional services within the Enterprise Risk Services group as well as teamed with subject matter specialists from the Audit and Consulting functions of Deloitte.

Todd received his B.S. in Accounting and MBA from the University of Detroit.


Girard Miller

Girard Miller has worked for and with public retirement systems for several decades in the capacities of pension-plan CIO, consultant, CEO of a defined contribution plan provider, technical expert and trainer, author and columnist, and plan sponsor. Most recently he served as CIO for the Orange County California OCERS plan, where he produced award-winning portfolio risk management systems, fee reports, the OCERS fee policy and strategies to mitigate fees through collaborative procurement.  Miller was recognized by aiCIO magazine as the nation’s most innovative public pension investment professional in the middle market for his RFP designs, collegial collaboration, timely energy market dislocation strategies, alternative income and private lending initiatives and currency hedging strategies. 

 
Previously, Girard served as a senior strategist at the PFM Group working in the fields of public funds, investments, OPEB strategies and sustainable retirement plans.  In 2008 he was a voting member of the Governmental Accounting Standards Board. Previously, Girard was the president of the Janus mutual funds and was Chief Operating Officer of Janus Capital Group, Inc., a global investment company with $170 billion of assets under management. Prior to that, he was the president and chief executive officer of the ICMA Retirement Corporation for ten years after heading Fidelity Investments’ public funds group.
 
Girard joined the professional staff of the Government Finance Officers Association (GFOA) in 1981.  He authored 12 publications for GFOA, including Retirement Plan Investing and Investing Public Funds.  At GFOA he trained hundreds of pension professionals and trustees.
 
Girard earned a B.A. degree from the University of Washington (Seattle); he is a master of public administration graduate of the Maxwell School of Public Affairs of Syracuse University; and he holds a master's degree in economics from Wayne State University in Detroit.  He is a Chartered Financial Analyst (CFA) and a past fellow of the National Academy of Public Administration.

Lisa Morris


Lisa J. Morris is the recently retired Executive Director of the School Employees Retirement System (SERS) of Ohio. Her public-sector career spans top leadership positions in multiple industry regulatory environments and public pensions. Most recently she is known for her expertise in public pension governance and senior leadership. As Deputy Executive Director of SERS of Ohio, she was the chief operating officer of a $12.8 Billion fund and had responsibility for all programs and financial operations of the system. As the Executive Director of SERS, she developed key relationships with legislators and legislative committee staff, as well as with all stakeholders to advance two successful pension reform initiatives. SERS was one of the first systems in the country to pursue pension reform and implement important demographic corrections. Lisa has significant knowledge of public pension fund leading practices, and as Executive Director she attracted top-tier investment professionals; she saw SERS’ performance advance to the top quartile for one, three and five years. Known as a progressive leader focused on leading practices fostered by a high-performance culture for employees and leaders, and as a champion for transparency and accountability, Ms. Morris led SERS to national recognition and saw SERS become an employer of choice, attracting top performers in all areas.

Prior to joining the public pension world, Lisa spent several years as the Ohio Environmental Protection Agency’s Clean Water Director, representing Ohio on the bi-national treaty negotiating team to protect the Great Lakes, and overseeing a large state-wide regulatory staff. Before becoming the Clean Water Director, she spent several years as the state of Ohio’s chief mining and mine safety regulator responsible for all coal and mineral mining regulation.

Lisa began her career in the private practice of law. She is an honors graduate of the College of Wooster and has a juris doctor from the Case Western Reserve University School of Law.

Lisa participates in numerous community activities and has significant non-profit and governmental board experience. She has a particular passion for animal welfare activities.

Tony Oliveira

Anthony (Tony) Oliveira served for seven years as an appointed member of the CalPERS Board of Administration.  Tony initially served as chair of the Finance Committee at CalPERS.  When the Board decided to initiate a new risk management program and established a new Risk Management Committee, Tony was the first chair.  As Risk Committee chair he led the development of the new Office of Enterprise Risk Management and was instrumental in creation of a new Chief Financial Officer (CFO) position to insure risk and policy compliance.

Tony has four years of study towards his Ph.D. in public policy, with his dissertation work in the field of sustainability based on formula selection, volatility indexing, risk analysis, asset class mixes, and assumed rates of return.  He is an economist and professor of economics who understands assumed rates of returns and the implication of the decision process.

In addition to a distinguished business career, Tony served for 20 years as a local government elected official in Kings County, California.  During that time, he also served as president of the nation’s largest state county organization, the California State Association of Counties (CSAC), and worked both at the state and national level on pension issues including the significance in the asset allocation and assumed rates of return process and selection.

Upon his appointment to the CalPERS Board of Administration by Gov. Schwarzenegger as the only local government representative, Tony represented cities, counties, school classified, and special districts throughout California and worked directly with hundreds of agencies assisting in the understanding of volatility indexes (annual payroll divided into market assets), formulas, asset allocation and assumed rates of return implications.  He has since taken that background to apply governance and fiduciary overlay metrics and interpretation of CSR and ESG implications to the decision process.

Oliveira Advisory Services LLC. (OAS) is a California certified SB micro business managed wholly by Tony who is the majority owner of the company.  Tony is a Vietnam Era Veteran and OAS is certified as a nationally-recognized Vets First business.


Chris Waddell

Chris Waddell joined Olson Hagel & Fishburn, LLP as a Senior Attorney in December 2008, where he heads the firm’s Public Retirement Law practice.  He previously served as General Counsel for two California public retirement systems; first at the California State Teachers’ Retirement System (CalSTRS), the second largest public pension fund in the country, and later at the San Diego City Employees’ Retirement System (SDCERS).  He has extensive experience in advising public pension trustees and staff on fiduciary obligations, plan funding and administration, and governance best practices.

Chris currently serves as the outside General Counsel to the San Luis Obispo County Pension Trust, fiduciary counsel to SDCERS, and advises CalSTRS and several other California public pension systems as outside counsel on pension and fiduciary law issues involving benefits administration and/or interpretation as well as plan funding and governance questions.  He also provides training in these areas as well as on open meeting and public records laws.

Prior to joining CalSTRS, Chris was the Chief Counsel for the California Department of Finance and before that was the Chief Counsel for the California Department of Personnel Administration.  During a portion of his tenure at Finance, he served as the Department’s representative on the CalSTRS Board.  At both departments, he worked on a number of significant pension issues affecting CalSTRS and CalPERS.

Chris is the author of a study released in 2009 by the American Federation of State, County and Municipal Employees entitled “Enhancing Public Retiree Plan Security:  Best Practice Policies for Trustees and Pension Systems.”  He has served as a Corporate Governance Fellow at the Stanford Law School and was a Co-Director of the Stanford Fiduciary College.  Chris was the lead author for the Clapman 2.0 Report, an update and expansion of the original 2007 Clapman report on pension fund governance best practices, issued by the Committee on Fund Governance of the Stanford Institutional Investors’ Forum.  He also authored a chapter entitled “Fulfilling Fiduciary Duties in an Imperfect World—Governance Recommendations from the Stanford Institutional Forum” for the Cambridge Handbook of Institutional Investment and Fiduciary Duty, published in 2014 by Cambridge Press.

Chris is a member of the National Association of Public Pension Plan Attorneys (NAPPA) and has served as the Chair of the Investment Section and Co-Chair of the Fiduciary Section.  He has spoken frequently on pension governance, fiduciary law, conflicts of interest, and securities litigation issues before the National Council on Teacher Retirement, NAPPA, the California Association of Public Retirement Systems, and the Stanford Fiduciary College.  He has also testified before on pension issues before the California Legislature, the San Diego City Council, and the San Diego Charter Revision Commission.

Chris earned his Bachelor’s degree in Political Science/Public Service from the University of California at Davis and his law degree from the McGeorge School of Law, where he was a writer and editor for the Pacific Law Journal.  He is a member of the State Bar of California.


Christy Wood


​Christianna Wood has over 30 years of experience of leading public and private organizations and boards in investment and policy making roles.  Most recently Christy was Chairman of the Board of Governors of the International Corporate Governance Network for three years.  Previously she was the CEO of Capital Z Asset Management, the largest dedicated sponsor of hedge funds, having sponsored 17 hedge funds totaling almost $7 billion since 1998.

Prior to Capital Z Christy was the Senior Investment Officer for the Global Equity unit of the California Public Employees’ Retirement System (CalPERS), where she was responsible for over $150 billion, including $7 billion activist/corporate governance managers.  She joined CalPERS from Denver Investment Advisors, LLC, where she was a Partner and Director of Value Strategies and a Portfolio Manager.

Christy has held prominent Board and other advisory positions and currently serves on the Boards of:

H&R Block Corporation
International Securities Exchange
Global Reporting Initiative
International Integrated Reporting Initiative
Vassar College
Colorado Trust

Christy has an MBA in Finance from New York University and a BA degree in Economics cum laude from Vassar College. She also attended the London School of Economics/University College, London. She is a Chartered Financial Analyst and a Chartered Alternative Investment Analyst.

​Senior Advisors

Keith Ambachtsheer


​Keith Ambachtsheer is Director Emeritus of the Rotman International Centre for Pension Management, Adjunct Professor of Finance at the Rotman School of Management, and publisher and editor of the Rotman International Journal of Pension Management.

Keith’s firm, KPA Advisory Services Ltd., has provided advice to governments, industry associations, pension plan sponsors, foundations and other institutional investors since 1985.  Keith’s role in advancing research and providing strategic advice on governance, finance, and investment around the world is evidenced in his industry contributions.  He speaks regularly on finance and investment topics at universities and corporate events, and is a co-founder of CEM Benchmarking, which monitors the organizational performance of 300 of the developed world’s largest DB and DC pension funds.  Keith sits on a number of organizational boards and is the past President of the Association of Canadian Pension Management (ACPM).

Keith’s articles appear regularly in the Financial Analysts Journal, the Journal of Portfolio Management, and other professional journals.  He has also authored three critically acclaimed books, Pension Funds and the Bottom Line, (Dow Jones-Irwin 1986), Pension Fund Excellence – Creating Value for Stakeholders (with Don Ezra, John Wiley & Sons, 1998), and Pension Revolution:  A Solution for the Pensions Crisis (John Wiley & Sons, 2007).  He is currently completing his next book, entitled The Future of Pension Management: Integrating Design, Governance and Investing, which is targeted for release on April 1, 2016 by John Wiley & Sons.

Keith earned his undergraduate degree in Commerce and Economics from the Royal Military College of Canada., M.A. in Economics from University of Western Ontario, and completed coursework for his PhD in Economics at McGill University.


Joseph Boateng


​Joseph Boateng joined Casey Family Programs as its first Chief Investment Officer in 2007.  He is responsible for overseeing the foundation’s $2.2 billion endowment in collaboration with Casey’s Board of Trustees.

Before joining Casey Family Programs, Joseph was a member of the Johnson & Johnson Investment Committee, responsible for managing over $17 billion in employee benefit assets worldwide.  Previously, he was a managing consultant at KPMG Consulting, leading major derivatives, financing, and securitization projects.  He spent 13 years with the Xerox Corporation, where he was a key member of the Trust Investment Team that managed $10 billion assets worldwide.

Joseph is a member of the International Accounting Standards Board’s Financial Instruments Working Group and FASB/IASB Financial Institutions Advisory Group.  He is Chair of the Investment Advisory Committee for the Seattle City Employees’ Retirement System and a member of The Seattle Foundation’s Investment Committee.  He also serves on the Advisory Council of AVCA, the pan-African industry body which promotes and enables private investment in Africa.

Joseph received his Bachelor of Science degree from the University of Ghana in 1987 and his Masters in Business Administration degree from the University of California, Los Angeles in 1991.  He is an alumnus of the Oxford University Said Business School.  His professional designations include Chartered Financial Analyst, Certified Public Accountant, Chartered Global Management Accountant and Personal Financial Specialist.


Peter Clapman


Peter Clapman was the Senior Vice President & Chief Investment Counsel for TIAA-CREF for 32 years until his retirement in 2005.  He also headed its corporate governance program. Business Week cited TIAA-CREF as having, at the time of his leadership, the most influential investor corporate governance program in the United States and globally.

Peter is currently active in many organizations concerned with corporate governance.  He is a member of the Stanford Law School Institutional Investor Forum, and is a speaker at its Directors and Fiduciary Colleges.  The Stanford Forum published the “Clapman Report” and the “Clapman 2.0 Report,” recommending best practices for governance of institutional investors.  He is on the advisory boards of the Columbia Millstein Center and the University of Delaware governance center.  He is also Senior Advisor of CamberView, an organization that advises managements and boards of public companies on how to better their relationships with institutional investors in the context of shareholder meetings and proxy contests.

Peter has been appointed to the Standing Advisory Committee of the Public Company Accounting Oversight Board for a three-year term (2013-2015).  He was on the Board of iPass, a NASDAQ-listed company, where he chaired the Governance Committee and served on its Audit and Strategies Committees.  He served previously on committees of the NYSE, NASDAQ and the London Stock Exchange. He was the Independent Chairman of the AARP Mutual Funds Board of Trustees.

Peter completed three three-year terms on the Board of the National Association of Corporate Directors, which provides director education for independent directors and issues “best practice” reports on key corporate governance issues.  He was a partner of Governance for Owners LLP, a UK based investment organization, offering global investment and governance services, and its former Chairman in the US.

The International Corporate Governance Network (ICGN) gave Peter the ICGN 2005 Award for his significant achievements in improving global corporate governance standards.  He was described as a “trusted thought leader to members of corporate management and boards of directors as well as institutional investors”, because of his balanced approach.  He was the Chairman of the ICGN from 1999-2002 and led the organization through its major expansion.  He has been cited in Smart Money and by The Financial Times for his influential role in global corporate governance.

Corporate Secretary Magazine in 2010 profiled him in conferring its Lifetime Achievement Award for Corporate Governance, stating that his “thoughtful and balanced approach to governance and investing issues” enabled him to be “equally well regarded by both the investor and corporate communities”.

Peter is a graduate of Princeton University, and Harvard Law School.


Stephen Davis


​Stephen Davis, Ph.D. is associate director of the Harvard Law School Programs on Corporate Governance and Institutional Investors, and a senior fellow at the Program on Corporate Governance.  He is also a nonresident senior fellow in governance at the Brookings Institution.  From 2007-2012 he was executive director of the Yale School of Management’s Millstein Center for Corporate Governance and Performance and Lecturer on the SOM faculty.

Stephen served on the U.S. SEC’s Investor Advisory Committee, where Chair Mary Schapiro appointed him chair of the Investor as Owner Subcommittee.  He is a board member and former chair of Hermes EOS, the shareowner engagement arm of Hermes Pensions Management, the UK’s largest retirement fund; co-organizer of the World Forum on Governance in Prague; Member of the World Economic Forum Global Agenda Council on the Future of Long Term Investing; Member of the Contributing Committee of Development Partners International; Member of the advisory board of Cartica Capital; Member of the Private Sector Advisory Group of the Global Corporate Governance Forum; and member of the advisory boards of the Centre for Corporate Governance in Africa at Stellenbosch University and the Center for Corporate Governance at Handelshochschule Leipzig.  He is President of consultant Davis Global Advisors and founder-editor of the Global Proxy Watch newsletter.

Winner of the 2011 ICGN Award for Excellence in Corporate Governance, Stephen co-authored The New Capitalists: How Citizen Investors are Reshaping the Corporate Agenda (Harvard Business School Press, 2006), which was named by the Wall Street Journal, Financial Times and Australian Financial Review as one of the best business books of 2006.  The book has been translated into Japanese, Portuguese, Complex Chinese and Korean.  He is also the author of Mobilizing Ownership: An Agenda for Corporate Renewal, published by Brookings in May 2012. He contributed to Corporate Governance in the Wake of the Financial Crisis (UNCTAD, 2011) and The Origins of Shareholder Advocacy (Palgrave Macmillan, 2011).

Stephen co-chaired The Conference Board’s Working Group on Hedge Funds and served on the US National Association of Corporate Directors’ Blue Ribbon Commission on board-shareholder communications.  He has testified at U.S. congressional hearings, been a columnist for the Financial Times and Compliance Week, and is a frequent media commentator on corporate governance.  He has been named by Directorship as among the 100 most influential figures in corporate governance; by Trust Across America as among the Top 100 Thought Leaders in Trustworthy Business Behavior; and by Competia as among ‘the most influential corporate governance tweeters.’  Stephen is a Fellow of the Royal Society for the Arts.

Stephen pioneered the field of international corporate governance when he founded the global unit at the IRRC, in Washington, DC. His Shareholder Rights Abroad: A Handbook for the Global Investor (1989) was the first study comparing corporate governance practices in top markets.  He is a co-founder of the International Corporate Governance Network, and was its representative to the OECD.  He was a member of the UNEP steering group which produced global Principles for Responsible Investment.  He co-founded GovernanceMetrics International.

Stephen earned his doctorate in international business and security studies at the Fletcher School of Law and Diplomacy, Tufts University, and completed undergraduate studies at Tufts and the London School of Economics.  Other books include Apartheid’s Rebels: Inside South Africa’s Hidden War (Yale University Press, 1987), which was nominated for a Pulitzer Prize.


Dave Mills

David Mills has nearly thirty years of experience in the management of public pension plans and investments, and an additional twelve years of years of experience in governance and investment of large non-profit organizations and foundations.  He left public service in 2007 as Executive Director of the State of Wisconsin Investment Board (SWIB), the independent state agency that managed $95 billion on behalf of the Wisconsin Retirement System and state and local governments.  Subsequently, Dave joined the Board of Trustees at Casey Family Programs, a $2.2 billion private operating foundation headquartered in Seattle, where he chairs the Investment and Compensation Committees and serves as the Board's Governance Officer.

Additionally, Dave's experience includes ten years as Deputy Secretary and Chief Operating Officer for the Wisconsin Department of Employee Trust Funds, the agency which manages health, retirement and other benefit programs for the state and local governments in Wisconsin. His career also includes ten years of administration in higher education at the University of Wisconsin-Madison and as Assistant Dean at Cornell University.  Related experience includes five years as a Board member and Chair of Summit Credit Union, with assets at the time in excess of $150 million.

Dave's affiliations have included the Council of Institutional Investors (CII), the Government Finance Officers of America (GFOA), the International Foundation of Employee Benefit Plans (IFEBP), and the National Council on Teacher Retirement (NCTR) for which he served as national President in 2002.  He has been a frequent speaker at seminars and conferences held by those organizations on topics involving governance, investment compensation design and organizational development, and cost effective benefit plan design. 

Dave has served as a member of the Hewitt EnnisKnupp Investment Client Advisory Committee, advisor to the Aspen Institute Business and Society Program's capital market Long Term Value Creation project, a member of the review panel for the National Public Budgeting Awards Program sponsored by GFOA, and Board member of the Madison Children's Museum. His international engagements have included leading World Bank-sponsored investment compensation design workshops for sovereign wealth funds and as one of thirty world leaders invited to advise the Chinese National Council for Social Security Fund on worldwide best practices for pension investment organizations.

Dave holds a B.A. degree in political science and M.A. degree in public policy from the University of Wisconsin-Madison, where he has also completed 31 post-graduate credits in law.


David Stella


​David Stella has more than 25 years of experience administering pension and other employee benefit plans and almost 40 years of experience in public administration, having served in state and local government in Wisconsin and Colorado.  He served as the Secretary of the Wisconsin Department of Employee Trust Funds from 2007-2012, where he was responsible for leading the administration of twelve employee benefit plans, including the $98 billion Wisconsin Retirement System (WRS), which covers over 575,000 state and local public employees in the State of Wisconsin.  In addition to providing overall leadership of the organization, he was responsible for directing 260 staff and managing a broad array of benefit plans.  During his tenure with the Wisconsin Retirement System his titles included Deputy Secretary of the Department of Employee Trust Funds, Administrator – Division of Retirement Services, and Director – Retirement and Survivor Benefits.  He previously served as Executive Director of the Denver Public Schools Retirement System (DPSRS).

Dave is currently state president of AARP Wisconsin and is a Past President of the National Council on Teacher Retirement (NCTR), a non-profit organization that represents over fifty public pension funds with assets exceeding two trillion dollars.  He also served as a Trustee on the State of Wisconsin Investment Board, the agency charged with investing over $98 billion of assets of the Wisconsin Retirement System (WRS) and other public trust funds.  He currently serves as a Trustee on the Boards of the Wisconsin Education Association Insurance Trust and its subsidiary the Wisconsin Education Association Insurance Corporation which provide health, life, vision, dental and disability policies issued to public school teachers.

Dave holds Bachelor and Master degrees from the University of Wisconsin – Madison and earned the designation of Certified Employee Benefit Specialist (CEBS) through the International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania.


Ed Waitzer

Edward J. Waitzer was Chair of Stikeman Elliott LLP from 1999 to 2006 and remains a senior partner whose practice focuses on complex business transactions.  He also advises on a range of public policy and governance matters.  He is a Professor and the Jarislowsky Dimma Mooney Chair in Corporate Governance and is Director of the Hennick Centre for Business and Law at Osgoode Hall and the Schulich School of Business at York University.  He served (1993-1996) as Chair of the Ontario Securities Commission (and of the Technical Committee of the International Organization of Securities Commissions) and (until 1981) as Vice-President of The Toronto Stock Exchange.  He is Chair of the Liquor Control Board of Ontario and Vice-Chair of Sociedad Quimica y Minera de Chile (SQM).


Ed has written and spoken extensively on a variety of legal and public policy issues and serves or has served as director of a number of corporations, foundations, community organizations, editorial boards and advisory groups.  He has also written a series of academic articles over the last decade on fiduciary duties and is co-editor of the Cambridge Handbook of Institutional Investment and Fiduciary Duty.  He is a regular lecturer at the Rotman International Centre for Pension Management Board Effectiveness Program and other conferences on the fiduciary duties of pension managers/trustees.  He has also advised a number of public pension plans on governance issues, as well as transactional mandates. 

Ed earned his LL.B. (1976) and LL.M. (1981) from the Faculty of Law, University of Toronto and was called to the Ontario (1978) and the New York (1985) Bars.

Simon Wong


Simon C.Y. Wong is an independent adviser on corporate governance, institutional investment, and capital markets, and has served international organizations, regulatory bodies, consulting firms, and other institutions.  In 2009, Simon assisted the OECD to develop corporate governance policy reform recommendations in response to the global financial crisis and subsequently contributed to its comparative reviews on boards of directors and institutional investors.

In addition, Simon is an Adjunct Professor of Law at Northwestern University School of Law and Visiting Fellow at the London School of Economics and Political Science. He has also given lectures on corporate governance and sustainability at Harvard Business School, University of Cambridge, Keio University, and other institutions.

Simon is a member of the Private Sector Advisory Group of the Global Corporate Governance Forum of the World Bank Group, Latin American Taskforce on Related Party Transactions of the OECD, and Shareholder Affairs Committee of the National Association of Pension Funds (UK). Previously, he chaired the Shareholder Responsibilities Committee of the International Corporate Governance Network (2008-2010) and sat on the investment committees of the Association of British Insurers (2007-2009) and Eumedion (Netherlands) (2007-2013).

From 2009 to 2013, Simon was a part-time partner at investment firm Governance for Owners (GO), where his responsibilities included representing GO in public policy debates, leading/coordinating product development efforts, and contributing to investment and engagement activities in the European Focus Fund and Japan Engagement Fund/Consortium.

Previously, Simon was Head of Corporate Governance at Barclays Global Investors Limited (BGI). In this role, Simon oversaw the voting of client holdings at shareholder meetings and led engagement with boards of directors and senior management of investee companies on matters of strategy, performance, and corporate governance/sustainability.

Before joining BGI, Simon was a management consultant at McKinsey & Company, where he served companies, governments, and non-profit/international organizations in developed and emerging markets on corporate governance, organization, strategy, and financial regulatory matters.

Simon started his professional career as a securities lawyer with Linklaters and Shearman & Sterling in London, and also served as Principal Administrator/Counsel at the OECD in Paris, where he focused on corporate governance, company law, and insolvency reform policy matters.

Simon is actively involved in policymaking debates and has contributed to various reform efforts and initiatives. In 2013, he testified before the UK House of Commons on The Kay Review of UK Equity Markets and Long-Term Decision Making. His writings have appeared in the McKinsey Quarterly, Financial Times, Harvard Business Review Online, International Financial Law Review, Reuters, and other publications.

Simon holds a Juris Doctor degree from Northwestern University and is admitted to the New York bar.