CalPERS appoints former Barclays exec as chief operating investment officer

Guillot comes to CalPERS from Barclays Global Investors - acquired by BlackRock in December 2009 - where she was the managing director and COO for legacy BGI’s $450bn fixed income business.

In her new position, starting 19 April, she will report to CIO Joseph Dear and work with senior staff to implement strategies for CalPERS’ alternative investment, real estate and public market portfolios, including the development of portfolio trade and management systems.

“We’re especially excited about the skills and experience that Janine brings to our efforts to focus and improve how we address risk management, capital allocation, organisation systems and controls, cost effectiveness and financial market reform,” said Dear.

Prior to joining Barclays in 2002 as managing director for the bank’s European business arm, Guillot held accounting and executive positions with Ernst & Young and Bank of America.

She succeeds interim chief operating investment officer Ken Marzion, who retired after 35 years with the fund.

CalPERS is the largest public pension fund in the US, with assets totalling around $200bn. The System provides retirement benefits to 1.6 million state, school and local public agency employees.

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