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Home > Blogs > Ohio politics > Archives > 2009 > December > 29
Tuesday, December 29, 2009
OPERS hires new investments director
The Ohio Public Employees Retirement System, the state’s largest public pension system and the 12th largest in the nation, hired John C. Lane as its new director of investments.
Lane will be responsible for overseeing OPERS’ $68.3 billion investment portfolio, 62 percent of which is managed in-house. The system serves 936,000 workers, retirees and beneficiaries.
Lane, 54, starts Jan. 11 and will be paid a base salary of $340,000. He replaces Jennifer C. Hom who resigned earlier this year for personal reasons after leading the investment division for five years.
Lane recently served as pension investments director for Eastman Kodak Co. in Rochester, N.Y. and has also served as chief investment officer for the Pennsylvania Public School Employees’ Retirement System and President of Makefield Securities Corp.
“John brings 25 years of collective investment experience gained in managing public and private sector pension investment plans,” said OPERS Director Chris DeRose. “John’s diverse background will be instrumental as we work to strengthen our asset base and implement investment policy.”
Lane earned his undergraduate and Master of Business Administration degrees from LaSalle University in Philadelphia.
