AFL-CIO Investment Vehicle Names New President

Monte Tarbox

The AFL-CIO Investment Trust Corp. has named longtime union pension investment chief Monte Tarbox as its new president, succeeding Randy Kinder, who headed the group for four years.

Tarbox has spent more than three decades directing investments at union pension funds. Most recently, he served as the executive director of investments for the National Electrical Benefit Fund, which provides pension benefits to International Brotherhood of Electrical Workers members. He also previously was CIO at the International Association of Machinists and Aerospace Workers national pension fund. Tarbox is also listed among the CIO Power 100 allocators.

Kinder was at the ITC for almost 16 years, ascending to the top job in 2019. Before that, he held several posts, including senior vice president. Prior to the ITC, he worked in marketing at the AFL-CIO Housing Investment Trust, which invests in mortgage-backed securities.

The AFL-CIO, the largest federation of unions in the U.S., licensed its name to the ITC 2001. The ITC provides investor and labor relations services to unions’ retirement plans.

“Monte’s more-than-30-year track record as a financial adviser to labor pension funds makes him exceptionally well qualified to steer the ITC into the next chapter of its history,” said AFL-CIO President Liz Shuler, in a statement. His selection will “reinforce the ITC’s mission to ensure that union members’ hard-earned dollars are invested in ways that align with our values and benefit working families and communities.”