Tony Oliveira

Former member of the CalPERS Board of Administration

Anthony (Tony) Oliveira served for seven years as an appointed member of the CalPERS Board of Administration. Tony initially served as chair of the Finance Committee at CalPERS. When the Board decided to initiate a new risk management program and established a new Risk Management Committee, Tony was the first chair. As Risk Committee chair he led the development of the new Office of Enterprise Risk Management and was instrumental in creation of a new Chief Financial Officer (CFO) position to insure risk and policy compliance.

Tony has four years of study towards his Ph.D. in public policy, with his dissertation work in the field of sustainability based on formula selection, volatility indexing, risk analysis, asset class mixes, and assumed rates of return. He is an economist and professor of economics who understands assumed rates of returns and the implication of the decision process.

In addition to a distinguished business career, Tony served for 20 years as a local government elected official in Kings County, California. During that time, he also served as president of the nation's largest state county organization, the California State Association of Counties (CSAC), and worked both at the state and national level on pension issues including the significance in the asset allocation and assumed rates of return process and selection.

Upon his appointment to the CalPERS Board of Administration by Gov. Schwarzenegger as the only local government representative, Tony represented cities, counties, school classified, and special districts throughout California and worked directly with hundreds of agencies assisting in the understanding of volatility indexes (annual payroll divided into market assets), formulas, asset allocation and assumed rates of return implications. He has since taken that background to apply governance and fiduciary overlay metrics and interpretation of CSR and ESG implications to the decision process.

Oliveira Advisory Services LLC. (OAS) is a California certified SB micro business managed wholly by Tony who is the majority owner of the company. Tony is a Vietnam Era Veteran and OAS is certified as a nationally-recognized Vets First business.