Robin Diamonte has been appointed by President Barack Obama to the Pension Benefit Guaranty Corp.'s advisory committee. PBGC officials consult with the seven-member panel on agency investments, trusteeship of terminated plans and other matters.
Ms. Diamonte is chief investment officer at United Technologies Corp., Hartford, Conn., where she oversees $23.1 billion in defined benefit and $20.2 billion in defined contribution assets.
Other PBGC advisory committee members are David Strauss, former PBGC executive director; Cheryl Alston, executive director and chief investment officer for the Dallas Employees' Retirement Fund; David Blitzstein, special assistant for multiemployer plans at the United Food and Commercial Workers International Union; Joyce Mader, partner at law firm O'Donoghue & O'Donoghue LLP; Dallas L. Salisbury, president and CEO of the Employee Benefit Research Institute; and Harry J. Wilson, chairman and CEO of MAEVA Group LLC.
Ms. Diamonte fills a spot that has been vacant since Febuary 2013.
She is also chairwoman of the Committee on Investment of Employee Benefit Assets, whose members represent 120 of the largest pension funds in the U.S. and manage $1.5 trillion of defined benefit and defined contribution plan assets. In October, the CIEBA chair will pass to Raymond Kanner, managing director and CIO of IBM Corp., Armonk, N.Y.