CFA Society Sacramento

Joseph Niehaus, CFA
SAFE Credit Union
Joseph “Joe” Niehaus is Treasurer for SAFE Credit Union. Joe has worked as a bank examiner for both the public and private sectors and served five years as an Electronic Intelligence Analyst with the U.S. Navy. Joe earned an MBA from the University of Nebraska, Lincoln and a BS in Business Administration from California State University, Sacramento. He is a CFA charterholder and President of the CFA Society Sacramento.


Jane C. Delfendahl, CFA
CalPERS
Jane Delfendahl is an Investment Director at CalPERS, managing real estate investments primarily in the international sector.  Prior to CalPERS, Jane worked as a financial controller for Waste Management in Italy.  She earned her MA from the Johns Hopkins University School of Advanced International Studies and a BS from UC Berkeley. Jane is a CFA charterholder and Vice President for the CFA Society Sacramento.​



Past President
Dianne Sandoval, CFA
CalPERS
Dianne is a Portfolio Manager at CalPERS and a member of the Asset Allocation and Risk Management team responsible for the development of strategic asset allocation targets with the CalPERS Board.  Prior to joining CalPERS, Dianne worked in High Yield/Distressed Debt Sales and Trading at Morgan Stanley in London and in private equity and mergers and acquisitions at JP Morgan in New York and in Mexico City.  Dianne earned an MBA from IESE in Spain and a BS from the University of California, Berkeley's Haas School of Business. Dianne is a CFA charterholder and Past President of the CFA Society Sacramento.


Treasurer
Wilbur Chan, PhD, CFA
CalPERS
Wilbur Chan is an Associate Investment Manager at CalPERS and a member of the Investment Risk and Performance group, where he performs analysis to provide transparency on individual portfolios and strategies within the context of the overall plan, helping to ensure that investment risks are intended, understood, and compensated. Prior to that, he was an Investment Officer in the Trust Level Portfolio Management group, where he performed research on strategic and tactical asset allocation, benchmark modeling, and portfolios rebalancing. Prior to that, Wilbur worked in the Quantitative and Research Group in the Fixed Income team at CalPERS. Wilbur received his PhD in Biomedical Engineering from McGill University in Montreal, Canada, and is a CFA charterholder.  Wilbur is the Treasurer for the CFA Society Sacramento.


Roy Clothier, CFA
CalSTRS
Roy Clothier is an Investment Officer with the California State Teachers’ Retirement System where he helps oversee the System’s Securities Lending and External Currency Management programs.  He has an MBA in Financial Management from City University and a BA in Finance and Quantitative Methods from the University of Washington.  Roy is a CFA charterholder and serves as Membership Chair for the CFA Society Sacramento.

​​Director
Nancy He, CFA
CalPERS

Nancy Ying He is an Investment Officer III in Trust Level Portfolio Management at CalPERS.  She is responsible for the build out of Strategic Overlay and Dynamic Asset Allocation portfolio
construction and participates in projects supporting the Total Fund Asset Liability modelling and implementation of the Strategic Asset Allocation. Nancy received an MBA from INSEAD as well as a M.S. in Physics from The Catholic University of America and a B.S. in Optoelectronics from Zhejiang University.  In addition, she also holds CFA, FRM, and CAIA professional certifications.

Liliya Kamalova, CFA
CalPERS

Liliya Kamalova is an Investment Officer in the Private Equity group at CalPERS. Prior to that, she was a Private Equity Analyst at LP Capital Advisors (now part of Altius Associates). She began her career at Citigroup in Moscow after completing the securities analysis training program. Liliya is a CFA charterholder and received her bachelor’s degree with honors in Financial Management from the Russian Presidential Academy of National Economy.  Liliya is a CFA charterholder and serves as Public Awareness and Marketing Chair for the CFA Society Sacramento.

 

Director
Lan Liu, PhD, CFA
California State University, Sacramento
Lan Liu is an Associate Professor of Finance in the College of Business Administration at California State University, Sacramento. She received her PhD in finance and MSc in economics and finance from the University of Warwick in England. Her research interests include theoretical and empirical portfolio risk management and forecasting, portfolio performance evaluation and asset pricing anomalies. Lan is a CFA charterholder and serves as the University Outreach chair for the CFA Society Sacramento.



Director
Brian McQuade, CIPM, CRCP
CalPERS

Brian joined the California Public Employees’ Retirement System as Portfolio Manager of Investment Compliance in November 2011 to help lead the establishment of a centralized investment management compliance function modeled after best practices in the private sector.  Brian has worked in the investment management industry since 1994 and has a broad range of investment advisory and mutual fund experience within the areas of compliance, client service and performance reporting.  Brian graduated from the University of Vermont with a B.S. degree in Business Administration (Accounting).  He is chair of CFASS’ Social Events Committee and co-chair of its Programs Committee.

Director
Dmitry Pevzner, CFA
CalPERS