Position further strengthens Pension Fund’s transparency, accountability, and ethics
SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) announced the selection of Marlene Timberlake D’Adamo as Chief Compliance Officer (CCO). She assumes her new role on April 11.
In her new position, Timberlake D’Adamo is responsible for all aspects of the Enterprise Compliance program, including full responsibility for administering a comprehensive compliance monitoring and oversight program in relation to legislative and regulatory requirements and industry guidelines. As CCO, Timberlake D’Adamo will provide oversight and guidance on compliance issues within the various program areas of the organization, advising the Board of Administration, executive and senior management staff on complex issues under the general direction of the Chief Financial Officer, Cheryl Eason.
“Marlene brings more than 25 years of experience from the finance, investment, and legal industries with the necessary talents needed to succeed in the position,” said Cheryl Eason, CalPERS Chief Financial Officer. “Our compliance and ethics programs serve as a critical role to set and implement safeguards that prevent and detect misconduct from within and outside an organization.”
Timberlake D’Adamo recently held the position of Managing Director, Senior Vice President, Portfolio & Risk Management at PNC Bank in Philadelphia. She holds a bachelor’s degree from Seton Hall University, and Juris Doctor degree from Temple University School of Law.
For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.8 million members in the CalPERS retirement system and administers benefits for more than 1.4 million members and their families in our health program; making us the largest defined-benefit public pension in the U.S. CalPERS’ total fund market value currently stands at approximately $285 billion. For more information, visit www.calpers.ca.gov.