Meet the Directors

Listed alphabetically by last name

Board Member since Nov 2014

Former Chief Executive Officer

Else Bos is the former chief executive officer of PGGM. She began her career working at Unilever, Esso Netherlands, the ABN and later ABN-AMRO bank in Amsterdam. For almost 20 years she held many different positions including financial accounting, planning and control, consumer banking, private banking, operations and IT. Before PGGM, Ms. Bos had a senior management position at NIB Capital Asset Management. At PGGM, she held the positions of chief operation officer of investments and chief executive officer of investments. Ms. Bos is a member of the board of United Nations PRI and of ICPM, Rotman International Center for Pension Management. 

Else is a co-chair of the Membership Committee and member of the Executive Committee.

Board Member since Oct 2015

Chief Investment Officer
Municipal Employees' Retirement System of Michigan

Jeb Burns is chief investment officer of Municipal Employees' Retirement System (MERS) of Michigan, an independent non-profit company and one of the 200 largest pension funds in the US. Jeb directs the System's $9 billion investment program. Leading a nine-member team of investment professionals, Jeb is responsible for setting investment strategy for the Fund and implementing all investment programs. Part of senior management, Jeb provides strategic leadership and guidance on business strategy, public policy, organizational development and new business initiatives. He brings a unique combination of public sector and private financial service experience to MERS. Mr. Burns has a bachelor's degree from Western Michigan University, a master's degree from Wayne State University and serves on numerous boards and committees.

Jeb is vice chair of the PPI Board, co-chair of the Program Committee, and member of the Executive Committee.

Board Member since Feb 2014

Former President & CEO
Commonfund Capital, Inc.

After 25 years with Commonfund Capital (CCI), Ms. Carter recently retired from her position as President & CEO. CCI is a global private capital solutions provider which invests in funds, secondaries and co-investments in venture capital, private equity and natural resources strategies. Ms. Carter is a current board member of the BlackRock Equity Liquidity Mutual Funds, the Financial Accounting Foundation and the Pacific Pension & Investment Institute. She also serves on the Advisory Board for Bridges Ventures U.S. and she chairs the Advisory Board for a new educational organization, Girls Who Invest.   Before joining CCI in 1989, Ms. Carter was with Morgan Stanley & Co. from 1985 to 1989. Prior to that, from 1978 to 1985, she was with GE Investments, serving as an analyst for the GE Pension Trust's Venture Capital program. Ms. Carter holds an A.B. degree in Economics and Business from Lafayette College. For the year 2015, Ms. Carter was a Fellow in Stanford University's Distinguished Careers Institute (DCI).

Sue is a member of the Budget & Financial Planning and Program Committees.

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Board Member since Nov 2012

Doon Capital

Howard Chao is an investor, lawyer and counselor to entrepreneurs. He began his work life as a corporate lawyer with O'Melveny & Myers and for many years was the Chair of the Firm's Asia Practice. He helped establish the firm's offices in Tokyo, Shanghai, Hong Kong and Beijing, and practiced for many years as a cross-border investment specialist based in Asia. Since 2001 Howard has been based in Silicon Valley, but continued to dedicate substantial time covering the Asia markets. In recent years Howard has moved to the principal side of investing and deal-making. Howard actively makes angel and other VC investments in earlier stage companies through his personal vehicle, Doon Capital, usually in collaboration with other investors. He maintains close working relationships with various VC and PE funds. Howard invests primarily in startups located in the Silicon Valley and China. Because of Howard's extensive experience with Asia, many of his deals have an Asian (particularly Chinese) nexus. Howard also maintains an active strategic consulting practice. Howard's extensive experience with investment and financing transactions in both the US and China leads him to advise and assist various clients in both places. His transactions span many different sectors, and include multinationals, financial investors and startup companies. Howard also hosts various events on subjects of current investor interest at his ranch in the Santa Cruz mountains. Recent events have covered Auto and Mobility Tech, AgTech/FoodTech, SaaS/Cloud Software, and Hardware and China.

Howard is a member of the Nominating & Governance and Program Committees.

Board Member since Nov 2014

Founder - Member Portfolio Team
Quantum Advisors Private Limited

Ajit has over 25 years of experience in the investment management and financial services industry. In 1990 Ajit founded Quantum Advisors Private Limited (Quantum Advisors); a multi-asset, India-focused, SEBI-registered Portfolio Manager and a SEC-registered Investment Advisor. Ajit has worked with leading US and UK investment management firms either as a key member of the executive management team or, through Quantum Advisors, as a joint venture partner. He has also served as a Deputy Chief Investment Officer at Hansberger Global Investors, Inc, USA, and, on behalf of HGI, was the lead manager for the Vanguard International Value Fund. Ajit earned his Master's degree in Business Administration (MBA) from the University of North Carolina at Chapel Hill in 1983 after completing his Bachelor's degree in Economics from Bombay University in 1981.

Ajit is a member of the Budget & Financial Planning Committee.


Board Member since Feb 2013

Senior Vice President, Mitsubishi Corporation and
Senior Executive Vice President, Mitsubishi Heavy Industries America, Inc.

Takajiro Ishikawa has been with Mitsubishi Corporation since 1983 and is currently Senior Vice President. In October 2017, he became Senior Executive Vice President, Mitsubishi Heavy Industries America, Inc. (MHIA). Previously, he spent 15 years in New York as an investment director for Metal & Mining for the Americas and later as President & CEO of Mitsubishi's alternative asset class investment subsidiary. Mr. Ishikawa is a graduate of Waseda University and has a MBA from Harvard Business School. 

Tak is co-chair of the Program Committee and member of the Executive Committee.

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Board Member since Feb 2013

Vice President
Chair, Investment Committee
CalPERS Board of Administration

Henry Jones serves on the California Public Employees' Retirement System (CalPERS) Board of Administration as the chairman of the Investment Committee. Mr. Jones retired from the Los Angeles Unified School District as chief financial officer. He also headed the Annuity Reserve Fund Board overseeing the pension fund for 7,000 schoolteachers and administrators. He serves as a personnel commissioner for the Los Angeles Community College District and a CalPERS representative of the Advisory Council of California All. He has a bachelor's degree from California State University, Los Angeles.

Henry is secretary of the PPI Board, chair of the Audit Committee, and member of the Executive Committee

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Board Member since Feb 2015

Investment Management Corporation of Ontario

Wayne Kozun is currently working as a consultant for the Investment Management Corporation of Ontario, which is a newly formed organization that is managing investment assets for entities that are related to the government of Ontario. Wayne was formerly Senior Vice-President of Public Equities at the Ontario Teachers' Pension Plan. Public Equities incorporates internally managed portfolios, the Relationship Investing team and external managers used primarily to broaden geographic scope. In support of these activities, Public Equities monitors the corporate governance practices of the companies in which Ontario Teachers' invests. Wayne joined Ontario Teachers' in 1995 and has held various positions including Senior Vice-President, Fixed Income & Alternative Investments and Vice-President of Tactical Asset Allocation. Wayne serves on the board of PPI and was formerly a director of the Canadian Coalition for Good Governance, Glass Lewis, Maple Leaf Foods and Camelot UK Lotteries Ltd. He holds a B.E.Sc. from Western University, an MBA from the Ivey Business School, is a CFA charterholder, and is a graduate of the Institute of Corporate Directors.

Wayne is a member of the Nominating & Governance and Program Committees.

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Board Member since Feb 2011

Co-Founder & Managing Partner
Asia Alternatives Management

Melissa Ma is a co-founder and managing partner of Asia Alternatives. She is on the firm's Investment Committee and co-leads Asia Alternatives' investments in buyout, direct co-investments and special situations. Prior to launching Asia Alternatives, Ms. Ma was a director at Hellman & Friedman LLC and worked at McKinsey & Co., Inc. in the Hong Kong and San Francisco offices. She received an M.B.A. from Harvard Business School.

Melissa is chair of the Nominating & Governance Committee and member of the Audit and Executive Committees.

Board Member since Feb 2016

Chief Investment Officer
Public Employee Retirement System of Idaho

Robert Maynard is chief investment officer of the Public Employee Retirement System of Idaho. Mr. Maynard was formerly the deputy executive director of the Alaska Permanent Fund Corporation. He was also assistant attorney general for the state of Alaska, where he served as counsel for the Alaska Permanent Fund Corporation and the Alaska Public Employees' and Teachers' Retirement Systems. He is the former chair and a current member of the Pacific Pension & Investment Institute's board of directors. Mr. Maynard holds a bachelor's degree from Claremont Men's College (now Claremont McKenna College) and a J.D. from the University of California, Davis.

Bob is a member of the Audit Committee.

Board Member since Feb 2013

Chief Executive Officer
New Zealand Super Fund

Adrian Orr is responsible for general management of the Guardians of New Zealand Superannuation and of the New Zealand Super Fund under delegation from the Board. Under Mr. Orr's leadership the Fund has grown to become New Zealand's largest pool of investment capital. The Guardians has become one of the most innovative and transparent institutional investors globally. He joined the Guardians in February 2007 from the Reserve Bank of New Zealand where he was deputy governor and head of Financial Stability. He has held the position of chief economist at Westpac Banking Corporation, chief manager of the Economics Department of the Reserve Bank of New Zealand, and chief economist at The National Bank of New Zealand. Mr. Orr also worked at The Treasury and at the OECD. 

Adrian is chair of the PPI Board and the Executive Committee.


Board Member since Feb 2015

Chief Executive Officer, International
Goldman Sachs Asset Management

Sheila is chief executive officer of International Goldman Sachs Asset Management (GSAM) and global co-head of GSAM’s client business. She focuses on delivering GSAM's client solutions globally, with primary focus on GSAM's EMEA and Asia Pacific Ex-Japan businesses. Sheila serves on the Asia Pacific Management Committee, Investment Management Division (IMD) Client and Business Standards Committee, GSAM Operating Group, Growth Markets Executive Group and Goldman Sachs Leadership Development Initiative. She is also a senior advisor for the IMD Women’s Network and former co-head of the Goldman Sachs Equities/FICC Women’s Network. Prior to her current role, she served as co-head of Equities Distribution in Asia, and before that, she was head of US Derivative Sales and US Synthetics Sales in the Equities Division. Sheila joined Goldman Sachs in 2003 as a managing director and was named partner in 2006. Sheila earned an AB in Politics and Near Eastern Studies, summa cum laude, from Princeton University. She earned an MBA, with highest honors, from Columbia University. 

Sheila is co-chair of the Membership Committee and member of the Executive Committee.

Board Member since Oct 2015

Chief Investment Officer
Oregon State Treasury

John Skjervem leads an investment team at the Oregon State Treasury (OST) that manages a financial and real asset portfolio valued at $89.6 billion as of December 31, 2015.  That portfolio includes the $68.7 billion Oregon Public Employees Retirement Fund and various other educational, insurance and state agency accounts. Prior to his appointment at OST, John held a variety of portfolio management and leadership positions at Northern Trust including Chief Investment Officer for the firm’s then $170 billion (AUM) Personal Financial Services division.  John started his career as an associate economist for consultants Natelson Levander Whitney, and also worked as a public finance specialist for investment bankers Ehrlich Bober & Co. John earned an M.B.A. with concentrations in finance and statistics from the Booth School of Business at the University of Chicago, and received a bachelor’s degree in Economics from the University of California at Santa Barbara.  He holds the Chartered Financial Analyst designation, and serves on the Pacific Pension Institute’s board of directors.  John is also a former director of the CFA Society of Chicago and an honorary board member for the St. Francis Foundation in Santa Barbara, CA.

John is a member of the Membership Committee.

Board Member since Feb 2013

Chairman & Chief Executive Officer
Global Strategic Associates

Paul Speltz is chairman and chief executive officer of Global Strategic Associates (GSA). For 40 years, he has been working and living in Asia in business and finance, both in the private and public sectors. Ambassador Speltz served as president of Kissinger Associates. Before that, he was the U.S. executive director and ambassador to the Asian Development Bank. In 2004, while still at the ADB, he was designated as financial and economic emissary to China by Secretary of the Treasury John Snow. Prior to his public sector service, he built and managed a global trading firm in China and was senior director and advisor on Asian geopolitical activities for United Technologies Corporation. He holds bachelor's and master's degrees from the University of Connecticut. 

Paul is a member of the Audit and Membership Committees.

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Board Member since Jul 2012

Chief Executive Officer & Managing Partner
FountainVest Partners

Frank Tang is the chief executive officer and managing partner of FountainVest Partners. Mr. Tang headed the China investments for Temasek Holdings as a senior managing director and was a member of the firmwide Senior Management Committee and its Senior Investment & Divestment Committee. He was with Goldman Sachs for nearly 11 years in New York and Hong Kong. Mr. Tang worked as an executive director in Principal Investment Area, the private equity arm of Goldman Sachs. He was later managing director and head of the Telecom, Media and Technology investment banking effort in Asia ex-Japan for Goldman Sachs. He is a board governor of the China Venture Capital and Private Equity Association, vice chairman of the Beijing Private Equity Association, and vice chairman of the Shanghai Private Equity Association. Mr. Tang holds an M.B.A. from Columbia Business School. 

Frank is a member of the Budget & Financial Planning and Program Committees


Board Member since Feb 2014

Chief Economist/Director, Economics & Investment Strategy
GIC Private Limited

Leslie Teo Eng Sipp is managing director and chief economist at GIC Private Limited. He started his career as an economist at the International Monetary Fund as deputy division chief and assistant to the director of the Asian Department. He spent a number of years at the Monetary Authority of Singapore working on financial market surveillance and stability issues. Dr. Teo joined GIC as a senior investment manager in the Economics & Strategy department. He headed the Asian/Emerging Market Research & Strategy team and served as deputy director, before his appointment as deputy director of the Economics Investment Strategy department (EIS). He was appointed director of EIS in 2012. Dr. Teo is a graduate of the University of Chicago and has a Ph.D. from the University of Rochester.

Leslie is a member of the Nominating & Governance and Program Committees.

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Board Member since Feb 2012


Bryan Thomson was most recently the senior vice president of public equities at British Columbia Investment Management Corporation (bcIMC). Mr. Thomson was involved in shareholder engagement, voting all proxies for investee companies and engaging with companies, policy-makers and other like-minded investors on a range of environmental, social and governance issues. He graduated from the University of Victoria. Mr. Thomson holds both the CFA and CAIA charters and is a board member of the Canadian Coalition for Good Governance. 

Bryan is treasurer of the PPI Board, chair of the Budget & Financial Planning Committee, and member of the Executive Committee.

Board Member since Feb 2011

Executive Director
Washington State Investment Board

Theresa J. Whitmarsh is Executive Director of the Washington State Investment Board, one of the United States' leading institutional investors, managing over $100 billion of state pension, insurance, and other assets. Theresa joined the WSIB in 2003 with 20 years' experience in business, government and media. She serves as a director on the Council of Institutional Investors, and is immediate past director with the International Centre for Pension Management. She also serves on the Millstein Center for Corporate Governance Advisory Board and the World Economic Forum's Global Agenda Council on the Future of Investing. She has a Master's in Business Administration, Pacific Lutheran University, and Bachelor of Arts, English Literature, Seattle Pacific University.

Theresa is immediate past chair of the PPI Board and member of the Executive and Nominating & Governance Committees.

Board Member since Feb 2016

Campbell Lutyens & Co.

Conrad Yan joined Campbell Lutyens as a Partner in 2010. Conrad is a Hong Kong Chinese national with experience of developing relationships with and raising private equity and infrastructure fund commitments from institutional investors and sovereign funds in Asia since 1994, most recently with Credit Suisse Asset Management where he was a Managing Director and Head of Regional Institutional Distribution, Asia Pacific and prior to that with AIG Investments. Conrad holds a Bachelor of Science degree and an MBA degree from the Leonard N. Stern School of Business, New York University. He is also a CFA charterholder.

Conrad is a member of the Membership Committee.