Russell G. Fong was named acting CFO for the $225.3 billion California Public Employees’ Retirement System, Sacramento, effective April 4.
The position is new.
He will oversee CalPERS’ enterprise risk management projects and also manage budgeting, accounting, cash management, and financial planning and analysis for the pension fund.
Mr. Fong is interim assistant executive officer of CalPERS’ administrative services branch.
“We are establishing this position at CalPERS to ensure we maintain a high level of transparency and internal control, and Russell Fong’s background and experience make him an excellent fit to start this new function,” Anne Stausboll, CalPERS CEO, said in a news release. “The CFO will be the single point of coordination for financial and risk-related activities across our organization.”