Trent Kaeslin has been named the new investment officer for the $4.6 billion San Joaquin County Employees' Retirement Association, Stockton, Calif.
Kaeslin’s will start Jan. 27 and succeeds Paris Ba, who joined the $8.6 billion Ventura County (Calif.) Employees’ Retirement Association as its investment officer in October, a SJCERA spokesperson confirmed.
Kaeslin will be guiding SJCERA's “investment strategy and ensuring the continued growth and security of its assets, in line with the association’s long-term financial objectives,” said a news release Jan. 17.
Kaeslin will work closely with the board, SJCERA’s investment consultant Meketa Investment Group, and investment managers to “craft and execute policies designed to maximize returns while minimizing risk,” the news release said.
Separately, SJCERA returned a net 9.6% for the year ended June 30, below its benchmark of 11.8%. SJCERA’s fiscal year ends Dec. 31.
Kaeslin was vice president and chief operations officer at Bank of Stockton's wealth management group, where he led a team of nine and managed $1.6 billion in assets. Bank of Stockton could not be immediately reached for further details.