David Braverman, CFA, joins ICMA-RC as Vice President, Equity

WASHINGTON, May 6 /PRNewswire/ -- David Braverman today joined the investment division of ICMA-RC as Vice President, Equity. Braverman will oversee ICMA-RC's equities program. He will be responsible for selecting and monitoring external managers, supervising ICMA-RC staff regarding equity investments, and making contributions toward strategic and business planning, and asset allocation.

"We are pleased that David is joining us in such an important position," said Wayne Wicker, SVP and Chief Investment Officer of ICMA-RC. "Our equity investments and asset management are a central part of our role in building retirement security for public sector employees."

Braverman reports to Wicker who welcomed him to the team. He said his substantial experience in managing equity portfolios would be an excellent addition to the ICMA-RC, which currently manages and administers more than $31.5 billion in assets.

Most recently Braverman was vice president of the Investment Advisory Services Division at Standard & Poor's, where he led a group that provided asset allocation and management of fund of funds relationships with several large clients. He also created strategies used in unit investment trusts and structured notes. From 1998 to 2002, Braverman served on the committee that selects stocks for various S&P indexes, including the S&P 500.

Braverman holds an MBA in Finance from Adelphi University and is a graduate of the State University of New York at Stony Brook. He is also a CFA charter holder.

About ICMA-RC

ICMA-RC is an independent not-for-profit corporation focused on providing retirement plans and related services for over 800,000 public employees in over 8,000 retirement plans. Our emphasis is on providing the best services, investment options, tools and educational materials to help public employees build retirement security. The corporation, established in 1972, offers 457 deferred compensation and 401 defined contribution plans, as well as an IRA, and other retirement-related products exclusively to state and local government employees. For more information visit http://www.icmarc.org.