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Home My WebLink AboutMINUTES - 09201994 - IO.1 To: BOARD OF SUPERVISORS Contra FROM: INTERNAL OPERATIONS COMMITTEE !�►~ Costa �. .< x. .= County DATE: September 12, 1994 SUBJECT: APPOINTMENT TO THE RETIREMENT BOARD SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION: APPOINT to the Retirement Board vacancy to fill an unexpired term ending June 30, 1996 : Jessie J. Lee 2279 Rockne Drive Concord, CA 94518 BACKGROUND: The County Employees Retirement Association is governed by a nine member Retirement Board. Various employee groups elect four of the members (2 by current general members, 1 by current safety members, and 1 by current retirees) . The Board of Supervisors has 4 appointments . The County Treasurer-Tax Collector is an ex-officio member. On April 26 , 1994 , the Board of Supervisors received and referred to the Internal Operations Committee the resignation of Gerald Cruson-from the Retirement Board. Mr. Cruson is one of the Board' s four appointees . On May 17, 1994, the Board of Supervisors authorized our Committee to advertise for these seats, interview the applicants and make a recommendation to the Board of Supervisors . We advertised for this vacancy and received a total of 32 applications . CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINIST A R ECOMM NDATION OF BOARD COMMITTEE _APPROVE OTHER C� JEFF SMIT MARK DeSAULNIER SIGNATURE (S): ACTION OF BOARD ON S e ptembJ! APPROVED AS RECOMMENDED OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. SEP 2 0 1994 ATTESTED Contact: PHIL BATCHELOR,CLERK OF THE BOARD OF cc: See Page 2 SUPERVISORS AND COUNTY ADMINISTRATOR BY ,DEPUTY On August 8, 1994 our Committee interviewed 25 applicants . We were absolutely overwhelmed with the background, experience, knowledge, interest, and dedication of all of the applicants . Clearly it was extremely difficult for us to narrow this excellent field down to a single individual to nominate for appointment to the Retirement Board. As a result, we narrowed the field down to four individuals and interviewed those four finalists again in order to select a single nominee to recommend to the Board of Supervisors for appointment. The quality, dedication, background, knowledge and experience of all of the applicants whom we have interviewed is most gratifying. It was most difficult for us to select a single applicant to recommend to the Board of Supervisors for this most important position. However, we have completed our interviews and have determined that Mr. Lee is the most qualified applicant. It is with the greatest pleasure that we recommend him for appointment to the Retirement Board. We also hope that the other applicants will make themselves available for future vacancies on the Retirement Board or that they will indicate an interest in serving on one or another of the other advisory boards to which the Board of Supervisors makes appointments . cc: County Administrator Retirement Administrator Auditor-Controller Treasurer-Tax Collector Mr. Jessie J. Lee 2 Phil r The Board of Supervisors Contra Clerk ooffthe Board Costa and County Administration Building County Administrator 651 Pine Street, Room 106 (510)646-2371 Martinez,California 94553-1293 County Tom powers,1st District Jeff Smith,2nd District a�-s"�L•-.o„ Gayle Bishop,3rd District Mark DeSaulnier,4th District ,•ra Tom Torlekson,5th District STA Co y�' September 20, 1994 Jessie J. Lee 279 Rockne Drive Concord, CA 94518 Dear Mr. Lee In the absence of the Chairman, it is my pleasure to inform you that on Tuesday, September 20, 1994, the Board of Supervisors appointed you to the vacant seat on the County' s Retirement Board. From the report presented by the Internal Operations Committee, it is clear that there was a great deal of interest in this seat and that the competition was substantial . We congratulate you on having been selected from this large pool of highly qualified candidates for this important position with the County. We appreciate your willingness in serving on the Retirement Board and look forward to working with you to protect the best interests of our employees, retirees and the County taxpayers . Very truly yours, GAYLE BISHOP Vice-Chair cc: Patricia Wiegert, Retirement Administrator Kenneth J. Corcoran, Auditor-Controller Alfred P. Lomeli, Treasurer-Tax Collector I COSI RA COSTA COUNTY ADVISORY BOARDS, COMMISSIONS OR COMMITTEES APPLICATION FORM Name of advisory board applying for CON Im Application Form must be typed or hand printed. Name of Applicant: J essj e S. e Home Address: -ZZ -Fql�ocKnr e �'Ue 4'nlwl20 Home Phone: Business Address: lot work Phone: Signature: PSI Date: Personal Experience, Skills and Interests EducationMackground: -E, A 1=co}comlCs c1�lw• �T 'v MQf+ - FlnlANCQ — L),.k L2. OF ( 27{�1R1`J Can(,cL. L-n.�.-cl�eC� iai C.�1A✓kveci �iNAnlCca( �q (YSf CfU�� 1'�f�y Occupation (student, for pay work, not for pay work, retiree or similar): F(f+A?JcttL-( C,t,so (I-e,,J Frm1+,,q coal Adch scr• 'Jo /M d(L'i &_-a j i��l�s�rs• Community Activities: Cagc4 - wc.f,(O-� Cree k Vekfl- SCxcc--- (eaj ue de�e��do, r �L.;.,JS �'esc�� rte. C J e R MEN?D 1°. Special Interests: �+ers PG,� f �c,S K C'rrlS `ra I�la�c�r� l3n5v-eF bA111 information: 1. File completed application with Clerk of the Board, 651 Pine Street, Room 106, Martinez, CA 94553. 2. Members of some advisory bodies may be required to file annual Conflict of Interest Statements. 3. Meetings of advisory bodies may be held in Martinez or in area not accessible by public transportation. 4. Meetings may be held either in the evenings or during the day, usually once or twice a month. 5. Some boards assign members to subcommittees or work groups requiring additional time. J.James Lee Financial Consultant Private Client Group 101 California Street 24th Floor San Francisco,California 94111 Merrill Lynch 4152746022 FAX 415 27 6191 t LO ho fi, i+ m ., cz"'5 eyr l -T t 1 Vim► i,v 'cei-o/Aij as a hien b&�r O f foie � t I<ra CaS4Ck gym rej,"�,, rd . /�e(�e,_�e rn� e &R Qa2d tl110 AitClic Me 4-0 a 01ij pre bJ0.,- d m vt b o . J- !kC'L bee,, ct (nx-�,L Costa- Y t d,,..f fcr' UUE;^ C'> {et,-S (CAd L b.&L'e. 0.IXai;s cL �(riee Kr �jC is Z' t- c(, M 4 C 14PA c r � 4-, r ey/i Z e X e //-- 1 rC5106U1Si L�� /r ri e.s AS � JC- S S C -/-/'I P 5,-4�'rl e ��.v(/''.v""C'i C.<'i �i j ��t 5(eA-- kv^/ dec,stON S AS Z (JO w% fh tt•,.r-A �.� fres tech iv Me o� M •( �:/, j A.,'I /h. -#e AcxWz) Lc.%O,.( 1c, f' a- �Pr(fS71'7ec')IS /vncC: I 740 sex-ir'e . Z e.iC 1— Awe ,¢ Luz io U fFr ek pej-1cl,C( r �n�if C-S,aSt'7 CL-n �' !L W!`f(/1; �.OSJ 74ha.f � e)r� -riPCC 2S <c (clrr'( /¢ Nle /V'eirr/c°rsh u��h /d 4r��e h9� `�fl o��d2 `N/ � �t'�c,2,yre+M O rr erS pv -7(4 e .6,4r,71. ao171 CX c ' /N. 74- e ex f?;rr e,,cc— W5�5At(/ ra,t �ftreer' UL�p�.�re�e �•� pe�src� �.v� M.�v�yc'n, ,�. ej,y Cox C rbc (Z t ` SS I br/r �c� v S 6-x Q S Ct /PLIPt bell-. M y x f�0/ ewc e- &,i Cd o��/Sr P e_ G�'r!/ />/4-),c; A S,,y N r C.c .f ��— /N 7I e J- Jtl-111LIO L-1-1,Ci 2279 Rockne Drive Concord, 6 94518 (H) 510/680-1409, (0) 415/274-6022 OBJECTIVE: Senior Financial Management position QUALIFICATIONS: • Keen analytical skills • Ability to formulate, recommend and implement policy • Effective motivator • Strong interpersonal skills • Excellent communications skills BUSINESS EXPERIENCE: July 1991 Financial Consultant - Private Client Group, Merrill Lynch Securities, to Present San Francisco, CA • Sales/marketing oriented • Develop client base with funds available for investments and convince them to place these fund with me • Develop individual investment porifolios that balance a clients' expected return with the risk a client is willing to assume • Constantly monitoring and updating portfolio - Asset Management • Currently have $4,000,000 in assets under management after eight months of production. July 1990 to Financial Advisor, Monarch Financial Group, Walnut Creek, CA to July 1991 Advised corporate and individual clients on financial matters • Researched, designed and packaged products and services to meet specific needs of.clients • Generated over $10,000 in commission within two weeks of joining firm • Currently in top third of national sales force in commission dollars. January 1990 Self Employed Business Consultant - Independent Business Consultant to July 1990 Wrote business plans for small businesses. Identified markets and methods to be used to penetrate market and the resources needed • Wrote private placement offering memorandum for small companies. June 1986 to Institutional Fixed Income Salesman, Montgomery Securities, Inc. January 1990 San Francisco, CA • Assisted in establishing a bond trading department within the firm • Analyzed/researched companies in order to make' investment recommendations to institutional money management clients • Consummated purchase/sales transactions with clients • Identified and established profitable relationships with large institutional investors. January 1981 Equity/Convertible Securities Trader, Cigna Corporation, Bloomfield, CT to June 1986 o Traded equities, convertible and equity derivative products for portfolios managed by Cigna Investment Management Co. • Improved investment performance by developing investment strategies using equity derivative products • Developed and managed day to day operations of convertible securities trading function • Portfolio grew from $50 million to $150 million in less than two years under my direction. 1979 to 1981 Internal Audit Supervisor, Cigna Corporation, Bloomfield, CT • Planned and organized financial and operation audits • Reviewed internal controls • Managed a staff of four professional auditors • Recommendations routinely resulted in thousands of dollars in cost savings. 1978 to 1979 Operations Planning Analyst, Cigna Corporation, Bloomfield, CT • Developed operational plans for property and casualty subsidiaries • Performed research projects as needs developed and an insurance premium collection system that increased cash flow substantially. 1975 to 1978 Controller of the Currency, U.S. Treasury Department, Boston, MA • Performed operation, financial and regulatory audits of nationally chartered banks • Managed audit of a major New England Bank Investment portfolio (5500 million) • Recommended better bookkeeping methods, documentation and deployment of assets. 1973 to 1975 Commercial Loan Officer, State Street Bank and Trust Co., Boston, MA • Spent two years in training program, covered all major areas of bank including six months of credit school. .EDUCATION: MBA Finance, University of Hartford, Hartford, CT - 1981 • BA Economics, University of Connecticut, Storrs, CT - 1973 PROFESSIONAL AFF111ATIONS/DESIGNATIONS: • Series 7 and 63 Securities License • Currently enrolled in the Charted Financial Analyst Stud? Program REFERENCES: Professional and personal references available on request J.James Lee Firlariciill Consultant Private Client Group 101 California Street 24th Flobr San Francisco,California 94111 Merrill Lynch 415 274 6022 FAX 415 274 6191 re--4-lr�l� fJ� h5i ?yep AW 1411-S•7t A),�7e7le)Lf A,.t?. 1tese e- t=,c-I 1�' e /At A ,1 epo f'Ct k L't S!Oq 7~��r f 7ft e- P-I!/a/t- C ). V �qy,t /n� 7tri^ /i'cucz t'C' G1/ /V� Cr�C�LS /illc�<�SLCI Y S �NCt �Yr7!x�( �{`Y( ti�nCk S I:'Ct(t 'E N } !:r?1,(i:~?N�`tZY�2!'.- n ll / fhcy CC�GtSlGr1 I CG✓CT tn /� C,x1 v/'