The $99.6 billion Ohio Public Employees Retirement System (OPERS) has promoted deputy CIO Paul Greff to become its new CIO, effective June 18. Greff succeeds Rick Shafer, who is retiring after just under three years on the job.
Greff will lead the OPERS investment division in implementing the annual investment plan, and long-term investment strategy, and will manage 55 investment professionals.
“Paul Greff brings more than 28 years of experience in the investment management industry to the position of OPERS chief investment officer,” said OPERS Executive Director Karen Carraher in a release. “Over the past decade of his career at OPERS, he’s proven he’s a skilled investment manager, and his impressive track record will help us strengthen our asset base and implement investment policy.”
Greff joined OPERS in 2009 as a senior portfolio manager to oversee the internal global bonds and securities teams, and was promoted to deputy CIO in 2015. Before joining OPERS, Greff was a senior managing director of global fixed income at State Street Global Advisors. Prior to State Street, Greff worked at Munder Capital for six years, where he was a senior portfolio manager.
Greff is a chartered financial analyst, and holds a bachelor’s degree in political science from Kalamazoo College, and an MBA from the University of Detroit.
“I very much appreciate the opportunity to lead OPERS Investments,” Greff said. “We’ve built a great team here that can accomplish all our goals, and I look forward to continuing our positive momentum.”
OPERS has just under 347,000 active members currently working, and nearly 536,000 inactive members who maintain retirement accounts from past public employment. More than 208,000 are retirees and beneficiaries, and there are approximately 3,680 public employers in the system.