NewsmakersMarch 10, 2023

Council of Institutional Investors Names CalSTRS Manager as Board Chair

Aeisha Mastagni, who works on sustainable investing at the pension fund, has previously served as a CII director.

Reported by Larry Light

Aeisha Mastagni

The Council of Institutional Investors has chosen a CalSTRS portfolio manager, Aeisha Mastagni, as its new chair.

Mastagni succeeds Scott Zdrazil, principal investment officer at the Los Angeles County Employees Retirement Association, who chaired CII’s board for the past two years.

Mastagni, who is in the California State Teachers’ Retirement System’s sustainable investment and stewardship strategies unit, also served on the CII board from 2015 to 2019. At the pension fund, she focuses on corporate engagement, executive compensation and working with regulators.

“The Council of Institutional Investors is an effective and impactful organization that advances governance standards on behalf of its members, and I am honored to serve on the board,” Mastagni said in a statement.

The council is a strong voice for asset allocators on such issues as financial regulation and corporate governance. In a release, CalSTRS noted it “has a long history of working with CII since its founding in 1985.” Former CalSTRS CEO Jack Ehnes, who retired from the teachers’ retirement fund in 2020, is a previous CII board chair.