Janine M. Guillot was named chief operating investment officer of CalPERS, effective April 19, the $202.1 billion system announced today.
Ms. Guillot replaces Ken Marzion, interim chief operating investment officer, who is retiring after 35 years with the California Public Employees' Retirement System, Sacramento, according to a news release. CalPERS CEO Anne Stausboll held the post before Mr. Marzion.
Ms. Guillot was managing director and chief operating officer for fixed income at BGI; she left following BGI's acquisition by BlackRock in December.
She will report to Chief Investment Officer Joseph A. Dear and work with senior staff to implement strategies for the system's real estate, alternative investment and public market portfolios, the news release said. Her duties will include the development of portfolio trade and management systems.
“We're especially excited about the skills and experience that Janine brings to our efforts to focus and improve how we address risk management, capital allocation, organization systems and controls, cost effectiveness and financial market reform,” Mr. Dear said in the news release.