Connecticut Gov. Ned Lamont today announced that he is appointing Philip Zecher of Stamford to serve as a member of the Connecticut Investment Advisory Council (IAC) and also to be the group’s chairperson.
Under state law, the IAC is responsible for assisting the state treasurer on investment policies. It consists of five members who are appointed by the governor and legislative leaders. All of the IAC members must have experience in matters relating to investments. The governor is responsible for selecting one of the council’s members to serve as chairperson. The members of the IAC are volunteers and are not compensated for their services.
Zecher will succeed the IAC’s current chairperson, D. Ellen Shuman. She will continue to serve as a member of the council.
Lamont noted that Zecher “has spent his career in the arena of finance and investment, and his experience working for organizations in both the public and private sectors will bring a fresh set of ideas and perspectives to our state as we work to increase the returns on our investments, strengthen our finances, and save taxpayers’ money.”
Zecher currently serves as the chief investment officer for Michigan State University (MSU) at its office in Stamford. He is responsible for overseeing the university’s $4.2 billion endowment. Prior to working for MSU, Zecher was partner and chief risk officer of the currency hedge fund EQA Partners, which is based in Stamford. In 1999, he co-founded Investor Analytics, a New York City-based risk advisory firm focused on the hedge fund and fund-of-funds industry. He received a Ph.D. in nuclear physics from MSU.
