- Chief investment officer
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The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as the liaison with investors, and recognize and avoid serious risks, including those never before encountered.[1][2][3]
Contents
Usage in the United States of America
According to a press release on October 22, 2008 the United States Treasury Department named James H. Lambright to serve as the interim Chief Investment Officer for the Troubled Asset Relief Program. "He will provide counsel to Secretary Henry M. Paulson, Jr. and Interim Assistant Secretary for the Office of Financial Stability Neel Kashkari as they develop and implement the program."[4]
Whenever the role of the chief investment officer is active within an insurance company (either life or non-life) and/or pension fund, the role is to manage and coordinate the investment, liquidity (treasury) and/or asset-liability management (ALM) in order to optimize investment performance within the risk appetite as defined by actuarial studies ('Asset Liability Management' (ALM)) of risk management guidelines.[citation needed] The role of a chief investment officer within a corporate pension organization is similar, although the end-goal for the chief investment officer is often not profit, but matching the organization's pension assets with its pension liabilities.[5] Chief investment officers at endowments and foundations also consider the liabilities of the organization, with an added focus on liquidity and alternative assets.[6]
See also
Notes
- ^ Answers.com. "Accounting Dictionary: Chief Investment Officer (CIO)". http://www.answers.com/topic/chief-investment-officer-cio. Retrieved 2009-05-13.
- ^ eFinancialCareers, a Dice Holdings, Inc. company. "Berkshire Hathaway Seeks Chief Investment Officer". http://news.efinancialcareers.com/NEWS_ITEM/newsItemId-9528. Retrieved 2009-05-13.
- ^ Musher, Rafi (2009-01-27). "What Obama Needs Now: A Chief Investment Officer". Forbes. http://www.forbes.com/2009/01/27/obama-investment-officer-leadership_0127_obama_cio.html. Retrieved 2009-05-13.
- ^ U.S. Department of the Treasury. "Treasury Names Interim Chief Investment Officer for TARP". http://www.treas.gov/press/releases/hp1232.htm. Retrieved 2009-05-13.
- ^ aiCIO. "LDI 2.0". http://www.ai-cio.com/channel/REGULATION,_LEGAL/LDI_2_0.html. Retrieved 12 September 2011.
- ^ aiCIO. "Anne Martin Thinks Liquidity Is Key". http://www.ai-cio.com/channel/ASSET_ALLOCATION/Interrogation__Anne_Martin_Thinks_Liquidity_Is_Key.html. Retrieved 12 September 2011.
References
Reserved for print references when cited.
Categories:- Business and financial operations occupations
- Occupation stubs
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