Our Board of Trustees

Meet Our Members

Working Tirelessly on Your Behalf

Over 185 Years of Investment and Policy Making Experience

CalTRUST is governed by a Board of Trustees, all of whom are experienced local agency finance professionals, members of the governing body or officers or personnel of public agencies, which are members of the CalTRUST JPA. The CalTRUST Board strives to be representative of the participating agencies.  The Board of Trustees is responsible for setting overall policies and procedures for CalTRUST and for hiring and supervising the activities of the Administrator, Investment Manager, Fund Manager, Custodian, Legal Counsel, and other agents of the Trust. Trustee meetings are held semiannually at various locations around the State and are open to the public.

John Colville, President

Bio:
CalTRUST Trustee since September 2009. City Treasurer, City of Sacramento since April 2017; Chief Investment Officer, City of Sacramento since 2004. Investment Officer, California State Teachers’ Retirement System (CalSTRS) from 2002 to 2004. Portfolio Manager for Barclays Global Investors from 1999 to 2002. Analyst for Franklin Templeton Mutual Funds from 1992 to 1999. Academic background includes MBA (finance) from Golden Gate University and BA degree (Economics) from San Francisco State University. Licensed General Securities Representative (NASD Series 7), General Securities Principle (NASD Series 24), and a Registered Options Principal (Series 4).

Don Kent, Secretary

Bio:
CalTRUST Trustee since August 2009. Serving Riverside County since 1997, Don was appointed Chief Financial Officer in August 2017. Prior to that, he served as Treasurer-Tax Collector from November 2008-August 2017. Don oversaw one of the largest investment pools in the state of California, surpassing $8.2 billion in April 2017, maintaining the highest ratings for LGIP’s from Moody’s and FitchRatings. Previous positions include Assistant Investment Officer, Chief Deputy Treasurer-Tax Collector, Assistant Treasurer, and Assistant Treasurer-Tax Collector. Currently serves as a member of the County’s Investment Oversight Committee, Pension Advisory Review Committee, Deferred Compensation Committee & Debt Advisory Committee. Prior to the County, he served in the financial services industry as a licensed investment executive with a major national brokerage firm. He has a Bachelor of Science Degree in Business Administration, Finance from California State University, San Bernardino.

Chuck Lomeli, Treasurer

Bio:
CalTRUST Trustee since January 2003. Treasurer-Tax Collector-County Clerk, Solano County since 1999. Assistant County Treasurer, Solano County from 1994 to 1999. Investment Executive, PaineWebber 1991-1993. Past President of the California Association of County Treasurers and Tax Collectors Association (CACTTC). Member of the Executive Committee of the Board of Directors for ABAG. Member of the National Association of Counties (NACo). Academic background includes MBA from University of Phoenix, BS degree (Finance) California State University at Hayward, and AA Georgia Military College.

Dan McAllister, Trustee

Bio:
CalTRUST Trustee since February 2007. Dan McAllister has served San Diego County residents since as the County’s Treasurer-Tax Collector since 2002. Dan oversees the management of more than $10 billion in the County’s Investment Pool, and the administration of the County’s $1 billion defined contribution program. Dan serves as a member of the San Diego County Employees Retirement Association (SDCERA), which manages more than $10 billion of investments. Prior to his election as San Diego County Treasurer- Tax Collector, Dan was a successful financial consultant and investment broker. Dan contributes considerable time and resources to community service. He serves as Chair of the San Diego Unified School District’s Special Audit and Finance Committee. Dan has completed executive education programs in portfolio concepts and management at Stanford University and the University of Pennsylvania’s Wharton School. He also holds a Bachelor’s degree (BA) from California State University, Fresno, and a Master’s degree in Business Administration (MBA) from United States International University.

Dan Mierzwa, Trustee

Dan Mierzwa joined the CalTRUST Board in March, 2022. He began with Yuba County in 2007 as Assistant Treasurer & Tax Collector and Investment Officer. He quickly rose through the ranks and has served as the Treasurer & Tax Collector since December of 2009. In addition to his service to Yuba County, Mierzwa is very active in the local government and finance industry, currently serving as the Legislative Chair for the California Association of County Treasurers and Tax Collectors Association (CACTTC). He has served on both the CACTTC Legislative and Executive Committees since 2010; serving as CACTTC President in 2014-15. Dan serves on a variety of other statewide and regional boards, including the California League of Bond Oversight Committees (Cal BOC) Board of Directors, Yuba Community College District (YCCD) Retirement Board, Yuba Levee Financing Authority (YLFA} Board, California Statewide Communities Development Authority (CSCDA) as a Commissioner, as well as being the past chair of Sierra Central Credit Union (SCCU} Board of Directors. Prior to his work in public service, Mierzwa began his career in the financial industry in 1999 as an investment advisor with Merrill Lynch Capital Markets. His experience of investment banking, advisory services, sales and trading to institutional government accounts, as well as managing the investment pool for Yuba County since 2007, provides him a depth of background to help provide prospective on the ever changing investment options and environments that we find ourselves in both now and in the future.

Bobbie Ormonde, Trustee

Bio:
Bobbie Ormonde joined the CalTRUST Board in 2018 and brings over 35 years of county government and local public agency experience. Bobbie currently serves as the Deputy General Manager – Finance & Administration for Westlands Water District. Prior to her service at Westlands, Bobbie served as the Deputy Treasurer-Tax Collector for Fresno County. Her experience includes twenty-nine years in a senior management position. Bobbie has demonstrated strong leadership abilities with experience in administration, investments, accounting, finance, cash management, rate setting, bond financings, budgeting, and revenue collections. She holds designations as a Certified Public Accountant (State of California) and a Certified Public Finance Officer (Government Finance Officers’ Association).

Agendas and Minutes Archive

Find Out What Our Latest News Is

As a public agency, it is of the upmost importance that we keep our participants up-to-date and informed on all actions taken by the CalTRUST Board of Trustees. In light maintaining open and public records, it is our policy to provide an online
archive of all of our Board agendas and minutes.

2022 Board Meeting Schedule & Agendas

January 19, 2022 – 12:00pm
Download Agenda Packet here.
Location: Zoom Virtual

February 17, 2022 – 12:00pm
Download Agenda Packet here.
Location: Zoom Virtual

February 25, 2022 – 3:00pm
Download Agenda Packet here.
Location: Zoom Virtual

March 3, 2022 – 2:00pm
Download Agenda Packet here.
Location: Zoom Virtual

March 30-31, 2022
Download Agenda Packet here.
Location: Zoom Virtual & 600 F Street, San Diego, CA

August 31 – September 1, 2022
Location: Zoom Virtual & 1600 Disneyland Drive, Anaheim, CA

2021 Committee Meetings

Nominating Committee August 10, 2021
Download agenda here.

Investment Committee August 10, 2021
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Product Review Committee August 11, 2021
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Product Review Committee April 19, 2021
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Audit Committee April 5, 2021
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Audit Committee March 5, 2021
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Executive Committee March 15, 2021
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2020 Committee Meetings

Product Review Committee May 20, 2020
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Audit Committee May 27, 2020
Download agenda here.

Nominating Committee July 2, 2020
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Product Review Committee July 8, 2020
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Audit Committee November 9, 2020
Download agenda here.