Executive Director Jon Bauman
As Executive Director of the Teachers' Retirement System of the State of Illinois (TRS), Jon Bauman leads one of the largest pension plans in the world. He oversees the payment of benefits totaling over $3 billion annually to nearly 85,000 recipients and directs a $41 billion investment portfolio.
Bauman was named the fund’s chief operating officer in 1993, after previously serving as deputy director for administration of Illinois’ economic development department. He became executive director of TRS in August 2001 following a nationwide search. Bauman’s state government career also included eight years of service as the state’s real estate director.
An active alumnus of the University of Illinois, he received an undergraduate degree in finance and a Master of Business Administration from the Urbana-Champaign campus.
He is married, has four children, and resides in Springfield, Illinois.
Chief Investment Officer Stan Rupnik, CFA
Stan Rupnik is the Chief Investment Officer for the Teachers' Retirement System of the State of Illinois (TRS). TRS is the largest public plan in the state of Illinois, with an investment portfolio in excess of $41 billion. As CIO, Stan has direct oversight of all asset classes and manages an internal staff as well as the full roster of external investment managers.
Stan joined TRS in April 2003. He has held various investment-related roles including portfolio management, equity research, and credit analysis. Prior to TRS, he was associated with GE Asset Management in Stamford, Connecticut and Wayne Hummer Investments in Chicago, Illinois.
Stan is an alumnus of the University of Illinois, receiving both an undergraduate degree in economics and a Master of Business Administration from the Urbana-Champaign campus. He has also a CFA Charterholder.
He is married, has two children, and resides in Springfield, Illinois.
TRS is the retirement system for public school teachers and administrators employed in all Illinois public schools except the city of Chicago. It serves over 344,000 members and annuitants.
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