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The California Public Employees' Retirement System (CalPERS) has hired Charles Asubonten, a former managing director at a private equity firm, as its new chief financial officer.
Asubonten will oversee the $336bn pension fund's financial systems and risk programs. He most recently worked at the Maryland-based firm Transmax - Maximum Transformation, and has more than 20 years of experience in many facets of finance and investments, covering several industries across America, Africa, Europe, Australia, and Asia, CalPERS said.
"Charles' strong leadership...