Shafer selected as chief investment officer

The Ohio Public Employees Retirement System has selected Richard D. Shafer as Chief Investment Officer. Shafer had been serving as acting CIO since the departure of John Lane, the previous CIO, last year.

As the retirement fund’s chief investment officer, Shafer will lead the Investment Division in executing the annual investment plan and long-term investment strategy.

“Rick Shafer brings more than 40 years of collective investment experience gained in managing public- and private-sector pension investment plans,” said Karen Carraher, OPERS executive director. “I’m pleased that Rick has accepted this leadership position at OPERS. His strong investment background and significant track record will be instrumental as we work to strengthen our asset base and implement investment policy.”

Shafer has a long history of successful investment performance as an analyst, trader, portfolio manager, asset allocator and CIO. Before joining OPERS in 2009, Shafer served as the Director of Investment at the New Hampshire Retirement System and as CIO at the Alaska Permanent Fund. He also worked for 25 years in management positions at insurance companies including the Hartford Financial Services Group, Aetna Life & Casualty and Lincoln National Corp.

Michael Pramik

Michael Pramik is communication strategist for the Ohio Public Employees Retirement System and editor of the PERSpective blog. As an experienced business journalist, he clarifies complex pension policies and helps members make smart choices to secure their retirement.

Michael Pramik

Communication Strategist

One thought on “Shafer selected as chief investment officer

  • September 3, 2015 at 12:09 pm



Leave a Reply

We encourage your comments on the Ohio Public Employees Retirement System’s PERSpective blog. We can’t respond to every comment. Please be aware that we review all comments before they’re posted, and we reserve the right to edit, not publish or remove any comment that in our sole discretion does not further the purpose of the blog. For further details, please see our Comments Policy.

Your email address will not be published. Required fields are marked *