Los Angeles Fire and Police Pensions CIO Announcement
Los Angeles Fire and Police Pensions (LAFPP) is excited to welcome new Chief Investment Officer Ray Joseph. After an exhaustive search for a new Chief Investment Officer (CIO) by Korn Ferry, General Manager Ray Ciranna selected Mr. Joseph as the new CIO replacing Tom Lopez, who is retiring after over 40 years with LAFPP.
Ray will lead LAFPP’s investment team in managing over $30 billion in assets. He brings over 25 years of both public and private investment experience to LAFPP after serving in numerous investment positions and companies.
“I am thrilled that Ray will be leading the team” Mr. Ciranna said. “He brings a wealth of knowledge and I look forward to him building on the success of our strong investment program.”
Previously, Mr. Joseph served as vice president at Wilshire Associates, providing investment strategies and solutions for pension plans, endowments, foundations and family offices. His public experience includes his position as Principal Deputy Special Trustee (Chief Investment Officer) for the Office of the Special Trustee within the U.S. Department of Interior, managing $4.3 billion in assets for 566 American Indian Tribes and $1.0 billion for the U.S. Treasury Department. He also served as the Deputy Director (Deputy Chief Investment Officer) and the Acting Director (Chief Investment Officer) for the State of New Jersey’s Division of Investment, where he oversaw pension investments, deferred compensation plans, and the State of New Jersey’s Cash Management program.
LAFPP oversees the pension fund for the sworn members of City of Los Angeles Fire, Police, Airport and Port departments. The fund is currently valued at over $30 billion in assets and serves nearly 27,000 members and beneficiaries.
About Korn Ferry
Michael Kennedy of Korn Ferry assisted LAFPP in the nationwide search for the CIO.
Korn Ferry is a global organizational consulting firm that specializes in executive management searches, bringing people and organizations together to exceed their potential.