FOR IMMEDIATE RELEASE |
Contact: Clint Blaes |
Joel Oliver named as Executive
Director, Chief Investment Officer for Pooled Money Investment Board
TOPEKA – (April 3, 2023)
– The Pooled Money Investment Board (PMIB) has named Joel Oliver of Topeka as
its new executive director and chief investment officer.
Oliver joins the PMIB
with more than 25 years of experience in the banking industry. Most recently,
Oliver served more than 15 years as treasurer and chief investment officer for
Capitol Federal Savings Bank in Topeka.
“We are delighted to
have Joel on board to help direct the operations and investment of state
funds,” Steve Bowser, PMIB chair said. “His long experience in the banking
sector will help us ensure these funds are maximized on behalf of Kansans.”
State Treasurer Steven
Johnson, who serves as a member of the PMIB, also supported Oliver’s
appointment.
“With the current budget
surplus and interest environment, we are keenly focused on making sure these funds
are working hard to produce returns,” Johnson said. “Having Joel’s knowledge
and expertise at the helm of the PMIB will be a tremendous asset for Kansas
taxpayers”
Oliver said he
appreciates the confidence of the Board and looks forward to beginning in the
position and serving the State of Kansas.
“I am excited to begin
in this position and to serve alongside the Board in managing these state funds,”
Oliver said.
Oliver began his new position
today.
The PMIB invests the
money available from the State General Fund and the hundreds of other state
funds deposited with the state treasurer. The PMIB also provides investment
management services for other state agencies with investment portfolios, such
as the Kansas Department of Transportation and Health Care Stabilization funds.
In addition, PMIB’s responsibilities include the management and administration
of the Kansas Municipal Investment Pool, which provides an investment
alternative for local government entities in Kansas.
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