Wesley Named New CIO of Illinois State Retirement System

19-year veteran had been serving as interim CIO since August.

The $18.3 billion Illinois State Universities Retirement System (SURS) has named a new chief investment officer (CIO).

Douglas C. Wesley, CFA, was named CIO March 17 after he had been serving as interim CIO since the retirement of Daniel L. Allen in August 2016. Wesley was previously SURS’ deputy CIO. He has been with the retirement system for 19 years. Records show Wesley was awarded the CFA charter on Sept. 16, 2003. 

Wesley has been the SURS’ deputy CIO since November 2005. He was trained as a nuclear electrician and served in theU.S. Navy from September 1986 through August 1992. He holds a master’s degree in accounting and finance, and a BA in accounting from the University of Illinois in Champaign-Urbana.

The executive search firm of Heidrick & Struggles International assisted with the CIO search.

By Chuck Epstein