Texas Permanent School Fund Appoints Robert Borden new CEO
The Texas Permanent School Fund Corp. has appointed investment executive Robert Borden as its new CEO, the fund announced.
Borden will assume the role on December 1 from Britt Harris, who has been serving as acting CEO since July, according to a fund press release. The incoming investment chief has a nearly four-decade career in institutional investing roles.
“We are pleased to bring on board an award-winning investor and leader of natural stature who will bring visionary leadership to our state’s historic public education sovereign wealth fund,” said Tom Maynard, chairman of the Permanent School Fund’s board, in the release. “We are excited that we have an eminently qualified leader who has a proven track record in both the private and public investment sectors.”
The Texas PSF, established in 1845, managed $51.3 billion in assets on behalf of public schools in the state, as of August 31, 2022, according to the fund’s website.
“I am thrilled to be returning to my hometown of Austin, honored that the Board has given me the opportunity to serve as a steward of the storied Texas Permanent School Fund,” Borden said in a statement.
Borden was most recently managing partner at Palmetto Research Partners, LLC, a financial consulting firm. He was previously CIO, CEO and founding partner of Chapel Hill, North Carolina-based Delegate Advisors, a wealth advisory firm that provides services for individuals and institutions. He was CEO and CIO of the South Carolina Retirement System Investment Commission between 2006 and 2011. He was also CIO and executive director of the Louisiana State Employees’ Retirement System from 1995 to 2006.
Borden holds a bachelor’s degree in finance from the University of Texas at Austin and a master’s degree in finance from Louisiana State University.
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