Salem, OR—Oregon State Treasury welcomes a new member to and new leadership of the Oregon Investment Council, which oversees the investment and allocation of the Oregon Public Employees Retirement Fund, the Common School Fund, and other public trust funds. The appointment and confirmation of Cara Samples follows Council members electing John Russell as chair and Rex Kim as vice-chair at the OIC’s January 2020 meeting.
Incoming Chair John Russell has served on the Council since 2015; he previously served as vice-chair. Mr. Russell is the president of Russell Development Company and a former member of the Oregon Transportation Commission, former chair of the Portland Development Commission, former vice president of the Portland City Planning Commission, and former member of Portland Historic Landmark Commission. Mr. Russell holds BS degrees in Naval Architecture and Marine Engineering from Webb Institute of Naval Architecture and an MBA from Harvard Business School. Mr. Russell succeeds Rukaiyah Adams as OIC chair.
Rex Kim, who has served on the OIC board since 2016, was elected vice-chair. Mr. Kim is a retirement consultant at Multnomah Group, an independent retirement plan consulting firm headquartered in Portland. Previous positions include managing director at Tallwoods Partners, portfolio manager with Common Sense Investment Management, and director of hedge fund research at CTC Consulting. Mr. Kim has taught graduate level courses as an adjunct instructor at the University of Portland. He is a graduate of Carleton College.
The Council’s newest member, Cara Samples, was nominated by Governor Kate Brown on January 13 and confirmed by the Oregon Senate on February 6, 2020. Ms. Samples is the chief financial officer at Fulcrum Wealth Management Group. Prior to that, she was a partner at Nierenberg Investment Management. Ms. Samples has a BA in economics from Yale University.
About the Oregon Investment Council
The Oregon Investment Council is the governing body with fiduciary authority for Oregon’s complex and globally-diversified financial and real asset investment program. The Council has six members, four of whom are appointed by the governor. State Treasurer Tobias Read and the director of the Public Employees Retirement System serve as ex officio members.
About Oregon State Treasury
Oregon State Treasury protects public assets, saves money, and helps Oregonians invest in themselves and their families through empowerment programs like the Oregon College Savings Plan, Oregon ABLE Savings Plan, and OregonSaves. Led by State Treasurer Tobias Read, Treasury oversees public investment, banking, and debt management services.