CUNA Mutual Group has hired David (Dave) G Brown as the company’s new chief investment officer. He will replace David Marks, who will retire at year-end. Brown most recently served as chief investment officer for the TIAA-CREF General Account.
Brown will oversee the company’s investment portfolio and MEMBERS Capital Advisors, the registered investment advisor affiliate of CUNA Mutual Group, to deliver long-term financial strength.
“We are honoured to have Dave join CUNA Mutual Group,” says Robert Trunzo, president and chief executive officer of CUNA Mutual Group. “He is a highly respected leader in the industry and brings significant investment expertise and leadership to our company.”
Marks will retire after 10 years at CUNA Mutual Group. “David has developed a world-class investment team that has delivered outstanding results. Our company is stronger because of their work, and we are grateful for their impressive commitment,” says Trunzo.
In addition to serving as chief investment officer, Brown served as the chairman of the TIAA Investment Management Committee. He was a key voting member of the firm's Asset/Liability Committee, the CREF Investment Management Committee, the Investment Risk Management Committee, the Real Asset Operating and Oversight Committee and the Information Barrier Oversight Committee.
Brown also held several senior-level investment positions at Prudential Financial across the firm's Prudential Mortgage Capital, Prudential Capital and Prudential Real Estate Investors institutional investment platforms.
“Dave brings multifaceted experience from within the insurance industry,” Trunzo adds. “His perspective and focus will bring even greater value to our company and to the credit unions and members we serve.”