William Clark

Senior VP & CIO, Federal Reserve Office of Employee Benefits

William G. Clark has directed the investments for the Federal Reserve’s defined benefit and defined contribution plans since March 2010. In total, the plans have approximately $20 billion in assets under management and cover approximately 30,000 participants.

Prior to that, Mr. Clark oversaw the investments and operations of the New Jersey pension fund since March 2005. Prior to that, he served as deputy director from 1999 – 2005. One of the nation’s 15 largest public funds, the New Jersey pension fund provides retirement benefits for more than 700,000 current and future public retirees in seven public pension systems. Total assets under management by the Division were approximately $80 billion.

As director, Mr. Clark guided the fund’s transition from one primarily invested in domestic equities and fixed income securities to a fund that includes 22 percent international equities and 7 percent alternative investments (private equity, hedge funds, hedge fund of funds and real estate).

Immediately prior to joining the Division on Investment, he served as senior vice president of MBL Life Assurance Corporation, Newark, New Jersey, where he directed the company’s group pension and mutual fund businesses. He is a certified public accountant in the State of New Jersey.

Mr. Clark received his Masters in Business Administration from Rutgers University, and a Bachelor of Science from Villanova University.