Completing an extensive recruitment and search process, the board of trustees of the Illinois State Board of Investment (ISBI) has officially announced the appointment of Dipesh Mehta as the executive director and CIO.
Mehta started his tenure at ISBI in 2018 as the general counsel/chief compliance officer and was promoted to deputy executive director in 2019. The board cited his leadership and dedication to ISBI over his tenure, making him the ideal candidate to lead ISBI as its executive director and CIO.
Mehta thanked the board, saying, “I am honored to have been selected to lead ISBI as executive director and chief investment officer. I believe strongly in ISBI’s core mission: to act as a prudent steward of the hard-earned retirement savings of Illinois’s public servants. I would like to thank the board for the trust and confidence they have placed in me, and I look forward to working with our exceptional staff to continue achieving investment excellence.”