Wylie Tollette, chief operating investment officer for the $345 billion California Public Employees’ Retirement System, is leaving the pension fund to return to mutual fund giant Franklin Templeton Investments.
Tollette’s last day at CalPERS is Friday, Jan. 5, 2018. Matt Flynn, a CalPERS investment director, will become the interim COIO. A search for Tollette’s permanent replacement will begin immediately.
Tollette joined CalPERS in 2014 from Franklin Templeton Investments, where he had served as senior vice president for portfolio analysis and investment risk management. Prior to his 19 years at Franklin Templeton, he held positions at American Savings Bank and KPMG Peat Marwick.
As COIO, Tollette led the investment performance and risk analytics, investment policy, manager engagement, compliance, business planning, and operations areas of the investment office.
