John Lane has been named director if investments for the Ohio Public Employees Retirement System (OPERS). He previously ran pension investments for Eastman Kodak and served as chief investment officer for the Pennsylvania Public School Employees’ Retirement System.
Former investment chief Jenny Hom stepped down in May, and was later replaced on an interim basis by Richard Shafer.
The Ohio Public Employees Retirement System (OPERS) today announced that John C. Lane has been selected as Director of Investments.
As the retirement fund’s chief investment officer, Lane will lead the Investment Division in executing the annual investment plan and long-term investment strategy. Approximately 62 percent of OPERS’ investments are managed internally.
“John brings 25 years of collective investment experience gained in managing public and private sector pension investment plans,” said Chris DeRose, OPERS Chief Executive Officer. “John’s diverse background will be instrumental as we work to strengthen our asset base and implement investment policy.”
Prior to joining OPERS, Lane served as Director, Pension Investments Worldwide for the Eastman Kodak Company in Rochester, N.Y., Chief Investment Officer for the Pennsylvania Public School Employees’ Retirement System and President of Makefield Securities Corporation.
Lane, a native of Pennsylvania, obtained Bachelor of Science and Master of Business Administration degrees from LaSalle University in Philadelphia.
With assets of $68.3 billion, OPERS is the largest public pension fund in Ohio and the 12th largest public pension fund in the U.S. In operation since 1935, OPERS provides retirement, disability and survivor benefits for public employees throughout the state and serves nearly 936,000 members, including more than 166,500 retirees and beneficiaries.