February 24, 2014

External Affairs Branch
(916) 795-3991
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Joe DeAnda, Information Officer


SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) has named Wylie A. Tollette as the pension fund's Chief Operating Investment Officer (COIO). Tollette takes over the position previously held by Janine Guillot, who left CalPERS in July 2013. Tollette will start as COIO on March 31.

"Wylie is a strong and skilled operations executive with the investment industry experience necessary to lead CalPERS Investment Office," said Ted Eliopoulos, Acting CalPERS Chief Investment Officer. "We look forward to working with Wylie and welcoming him to our senior management team."

Tollette joins CalPERS from Franklin Templeton Investments, where he has worked for more than 19 years and most recently served as Senior Vice President for Portfolio Analysis and Investment Risk Management. Prior to joining Franklin Templeton, he held positions at American Savings Bank and KPMG Peat Marwick.

As COIO, Tollette will lead the business and operations functions of the Investment Office. He will provide leadership with matters related to investment policy, and will manage investment compliance, operational risk and audit-related functions. He will serve as a member of the Investment Office senior management team, as well as the CalPERS executive staff, where a key focus of his will be to continue the ongoing enhancement of the CalPERS investment process and risk management infrastructure.

Tollette is a Chartered Financial Analyst and Certified Public Accountant, and holds a bachelor's degree from University of California, Davis and a master's degree from the University of London.

CalPERS is the largest public pension fund in the U.S., with more than $283.8 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,064 public school, local agency and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans. For more information about CalPERS, visit www.calpers.ca.gov.