Massachusetts Gov. Charlie Baker named Mike Heffernan as his designee to the Pension Reserves Investment Management board, the nine-member board that oversees the $60 billion pension fund.

Heffernan was sworn in at the State House on Feb. 11.

"Mike's vast experience in financial and investment services makes him a highly qualified pick for this important position," Baker said in a statement.

Mike Heffernan has more than 25 years of experience in financial services, capital markets and entrepreneurship. Heffernan spent nearly two decades in increasingly senior roles at Citigroup's markets and banking division, where he oversaw Citi's seven U.S. Regional Distribution offices in institutional equities.

In 2011 he co-founded Mobiquity Inc., a Massachusetts tech startup in mobile-IT professional services that now employs more than 300 people.

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