Federal Retirement Thrift Investment Board
Board Members & Acting Executive Director
Michael Kennedy (Chairman). Mr. Kennedy is a Managing Director in the Atlanta office of Korn/Ferry International and a member of the firm's global financial services practice, specializing in commercial/investment banking, capital markets, and asset management searches. He also co-leads Korn/Ferry's Diversity Practice. He has conducted senior-level searches in a wide array of investment banking and capital markets areas, including mergers and acquisitions, corporate finance, loan syndications, structured finance, and risk management. Mr. Kennedy brings broad private equity and corporate finance experience to his executive recruiting. Prior to joining Korn/Ferry, he owned a venture capital consulting firm where he advised a southeast-based private equity fund. Before founding his own firm, Mr. Kennedy was a Vice President in the corporate finance group at GE Capital Corporation, where he provided senior debt, mezzanine, and equity financings to companies for recapitalizations, acquisitions, and buyouts. Previous to that, he was a Vice President at the Wachovia Corporation in the US corporate group. He started his financial services career with J.P. Morgan's Investment Management Group in New York. Mr. Kennedy is an active member of Leadership Atlanta, the Atlanta Venture Forum, and the Harvard Business Club of Atlanta. He previously served as Chairman of the Board of Visitors of the University of North Carolina. He is also a recent member of the Board of Trustees of the Georgia Employees Retirement System pension fund, and is a past member of the Board of Trustees of the Phillips Exeter Academy in Exeter, New Hampshire. Mr. Kennedy holds a B.A. with highest honors in history and political science from the University of North Carolina at Chapel Hill and an M.B.A. from the Harvard Business School.
Dana K. Bilyeu. Mrs. Bilyeu is the Executive Director of the National Association of State Retirement Administrators (NASRA), an organization of the CEOs of statewide pension plans in all states and territories of the United States. Prior to her appointment as the Executive Director of NASRA, Ms. Bilyeu served for ten years as the Executive Officer of the Public Employees' Retirement System of Nevada. In 2006, Ms. Bilyeu was nominated by the President and confirmed by the Senate to the Social Security Advisory Board. The Advisory Board is an independent, bipartisan board created by Congress and appointed by the President and the Congress to advise the President, the Congress, and the Commissioner of Social Security on matters related to Social Security and Supplemental Security Income programs. Ms. Bilyeu serves on the Public Employee Board of the International Foundation of Employee Benefit Plans and the Board of Directors of the National Institute on Retirement Security. She received her juris doctor from California Western School of Law and her B.A. from the University of Arizona.
Ron McCray. Mr. McCray is a private investor and corporate director. He serves on the board of directors of A. H. Belo, Career Education Corporation and EveryWare Global, Inc.; is a member of the Boston Celtics ownership group, and invests in consumer facing, medical device and service businesses. Ron also serves on the governing boards of Cornell University, the Harvard Law School, SMU Dedman School of Law, Children's Medical Center-Dallas and the North Texas chapter of the National Association of Corporate Directors. He is a member of the Council on Foreign Relations and an emeritus member of the Association of General Counsel. Ron previously served as the Chief Administrative Officer of Nike, Inc., from 2007–2009 with responsibility for strategic leadership and for various businesses and administrative functions. Prior to joining Nike, he served as chief legal officer of Kimberly-Clark Corporation, where he worked from 1987–2007, with responsibility for strategic leadership and global functions. Ron previously practiced corporate, securities and finance law from 1983–1987 at Weil, Gotshal & Manges and Jones Day. Ron graduated from Cornell University with a Bachelor of Arts degree in Government and the Harvard Law School with a Juris Doctor degree.
David A. Jones. Mr. Jones established D.A. Jones LLC, an independent consulting firm and trustee for a number of families and their entities, in 2004. Before the founding of his own firm, Mr. Jones was a managing director and the senior client executive at Deutsche Bank Private Wealth Management in New York. His other prior experiences include running his own investment advisory firm, Bannister Capital Management, and serving as CEO of Citicorp Securities Markets, Inc. in New York, where he was responsible for the firm's fixed income and foreign exchange businesses for North America. Mr. Jones also worked at Goldman Sachs as the fixed income trading manager in London. Mr. Jones has served as a member of the Treasury Borrowing Advisory Committee, as Vice Chairman of the Primary Dealers Committee and as a director of the Public Securities Association. He is a past Chairman of the Board of Trustees of The Jewish Home Lifecare System in New York and serves as the Chairman of Fund for the Aged, Inc. Mr. Jones is a graduate of Princeton University and the Harvard Business School.
William (Bill) Jasien. Mr. Jasien is the CEO and Managing Director of StoneHedge Global Partners, a firm focused on business development and capital raising strategies. Prior to that, Mr. Jasien spent 20 years with ING, and most recently served as President of the Government Business Division and Executive Vice President of the US Retirement Services enterprise. He has held a number of executive positions including the Head of US Retail Markets, US Customer Operations and Senior Investment Officer. In 2007, Mr. Jasien was nominated by President George W. Bush and confirmed by the U.S. Senate, to serve on the board of the Securities Investor Protection Corporation (SIPC), where he chairs the multi-billion dollar investment committee. Prior to joining ING, Mr. Jasien served in the administration of President George H.W. Bush in a number of capacities, including Deputy Assistant Secretary of the U. S. Treasury for Finance and Management and Staff Assistant to the Vice President. Mr. Jasien also serves on several for- and not-for-profit boards. He is on the board of VA College Savings Plan, as well as the American Red Cross, where he serves on the Executive Committee and Chairman of the Finance Committee. He is also on the executive committees of the State Department Overseas Scholastic Advisory Council (OSAC) and Gleaning for the World. Mr. Jasien is a graduate from James Madison University (JMU). He served on the JMU Board of Visitors from 1996 - 2004, concluding his term as the Vice Rector. Mr. Jasien and his wife reside in Virginia. They have four children.
Acting Executive Director
Ravindra Deo. Ravindra Deo started his career in 1986 at Leland O’Brien and Rubenstein (LOR) in Los Angeles. He worked in a variety of roles, ending as Senior VP - Direct Account Management. LOR primarily worked as an overlay asset allocator focused on risk reduction. While on the team at LOR, he also worked on the creation of the first ETFs. In 1992 Ravindra moved to Seattle to work as Chief Investment Officer at a startup called Accessor Capital Management. Accessor hired asset class specialist managers and created a series of investment products that used these managers. Accessor then focused on asset allocation to achieve optimal results for their clients for a given level of risk. Accessor’s clients were primarily bank trust departments. Ravindra left Accessor in 2006, having helped build the firm to over $2.7 billion in assets and leaving it with a great track record. Accessor was subsequently acquired by Forward in San Francisco. Ravindra spent from 2007 to 2014 at Altura Capital. Altura Capital was a manager research and investment advisory consultant to some of the largest institutional investors in the world. During his time at Altura he worked with the US Treasury, Prudential Insurance and KEVA, the pension plan of Finland, among others. He was the lead on the investment and manager research teams and has conducted extensive manager research on both alternative and traditional asset classes. Ravindra joined the FRTIB in 2015, where he serves as the Chief Investment Officer of the largest defined contribution plan in the world. He served as acting COO from June 2016 to February 2017, and he is currently serving as Acting Executive Director. Ravindra has a Bachelor of Technology from the Indian Institute of Technology, Delhi and an MBA from the University of California, Berkeley.