Managing Director, Fiduciary Solutions - Retirement
B.A., Economics, University of California, Davis
M.B.A., Finance, University of California, Berkeley
Peter Corippo is Managing Director of Retirement Fiduciary Solutions for Russell Investments’ Americas Institutional business. Based on his experience as Chief Investment Officer for a large corporate investment program, he is focused on helping Russell Investments’ fiduciary solutions clients achieve their desired investment outcomes by providing strategic advice and implementation solutions for all dimensions of their investment programs.
Prior to joining Russell Investments in 2013, Peter served for over twenty years as Director, Investments and Benefit Finance for Pacific Gas and Electric Company, an energy utility company headquartered in San Francisco, California. As PG&E’s chief investment officer, he was responsible for the management of more than $20 billion in defined benefit, defined contribution, VEBA, nuclear decommissioning, and rabbi trust assets and their associated liabilities. In this role, Peter proved adept at managing these portfolios, as well as PG&E’s committee, through difficult markets and periods of corporate instability, including bankruptcy. Under Peter’s leadership, PG&E was an early adopter of funded status volatility management and liability-driven investment strategies. He also redesigned PG&E’s governance, with the objective of focusing the Committee on key funded status management decisions, by delegating more authority to staff. In addition to his asset management responsibilities, Peter was accountable for teaming with human resources, ERISA counsel colleagues, and consultants on multiple defined benefit and defined contribution plan design initiatives, as well as designing an innovative regulatory approach for pension cost recovery. He was a frequent presenter at various industry conferences and a member of the Committee on Investment of Employee Benefit Assets and Pensions West.
Published works include: