DTE Energy has appointed alternatives specialist Angela Buk as its new investment chief, the utility firm announced Wednesday.
Buk, who most recently led the alternative investments team in Fiat Chrysler Automobiles’ (FCA) treasury asset management group, replaces ex-CIO Paul Cavazos, who departed for outsourced-CIO American Beacon in June.
“We are excited to have Angie join our team,” said Mark Rolling, vice president and treasurer at DTE. “Angie is a highly qualified investment professional whose experience and education makes her well suited to lead the strategic investment of the company’s $9 billion in trust assets.”
At FCA, Buk ran a multi-billion dollar portfolio of hedge funds, real estate, private equity, and opportunistic investments. She also served as a member of the investment committee responsible for $30 billion of pension assets and other trust investments.
Previously at FCA, Buk led a team responsible for investment operations, compliance, risk management, and defined contribution. She has also served as senior auditor at Deloitte.
At DTE, she will be responsible for the energy company’s six investment portfolios, including defined benefit and defined contribution plans, a foundation, and a nuclear decommissioning trust.
Buk holds a master’s degree from the University of Michigan’s Ross School of Business.
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