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Rhode Island Treasurer Hires Chief Investment Officer

Rhode Island General Treasurer Gina Raimondo on Monday announced the hiring of Anne-Marie Fink as the state’s chief investment officer and deputy treasurer of finance.

Fink will be responsible for managing the state’s $7.3 billion dollar pension system, as well as its short-term investments and long-term debt program.

Most recently, Fink worked as a managing director and a portfolio manager at JPMorgan Private Bank. She received her master’s in business administration in finance and international business from Columbia Business School in 1995 and is a 1987 graduate of Yale University.

In 2009, Fink published a book: “The Money Makers: How Extraordinary Managers Win in a World Turned Upside Down.”

“Our top priority continues to be to keep the pension fund sustainable for retirees, employees and taxpayers,” Raimondo said in a statement. “Anne-Marie is a successful finance professional who understands the importance of providing retirement security and will work to manage the portfolio’s risk and volatility while producing steady returns in these turbulent financial times.”

Rhode Island in 2011 passed a law overhauling its pension system for public employees.

Some public sector unions are challenging the law in Rhode Island Superior Court.

Fink is replacing Kenneth Goodreau, who leaves after six years with Rhode Island’s treasury.

Goodreau came on board with Raimondo’s predecessor, Frank Caprio, in 2007. On Jan. 1, Goodreau will join TIG Advisors LLC as chief investment officer, a new position for that firm. TIG Advisors oversees more than $1.8 billion in investments.

Previously, Goodreau was a general partner and portfolio manager of Knollwood Capital Partners and a senior research analyst at Leerink Swaan & Co.

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