Clyde Tinnen and Kathy Blumenfeld are the newest members of the SWIB Board of Trustees. Gov. Tony Evers has appointed Clyde Tinnen to the Board for a six-year term. Tinnen fills the position previously held by Mark Doll, whose term ended in 2021; Doll had served on the board since 2015.
Blumenfeld will serve on the board as part of her new role as secretary of the Department of Administration. She replaces Joel Brennan who is leaving the administration to become president of the Greater Milwaukee Committee.
Tinnen is a corporate partner in the Milwaukee office of Foley & Lardner LLP. He represents fund sponsors in connection with the formation and operation of private investment funds, investments, and securities law reporting and compliance. Tinnen also advises public companies in Exchange Act reporting, and public and private companies in negotiating and structuring complex business transactions. Before joining Foley & Lardner, Tinnen was a partner at two other large international law firms. Prior to working as a lawyer, he was a senior financial analyst for two public companies.
Before being appointed DOA secretary, Blumenfeld was serving as secretary of the Department of Financial Institutions. Prior to her appointment to DFI, she was the executive vice president of special operations of Total Administration Services Corporation in Madison. Kathy is both a Certified Public Accountant (CPA) and a Project Management Professional (PMP).
In addition, Trustees Esther Ancel and Barbara Nick were reappointed as public members to six-year terms that will expire in May 2027. Ancel, who is an emeritus professor of Finance in the Lubar School of Business Administration at the University of Wisconsin-Milwaukee, was first appointed to the Board in 2019. Nick, who is the retired president and chief executive officer of Dairyland Power Cooperative, a utility company based in La Crosse, was first appointed to the Board in 2015. She is currently the Board’s vice-chair and secretary.
The SWIB Board of Trustees consists of nine members meeting specific membership requirements under state statutes. Trustees have a fiduciary responsibility to act solely in the best interest of the funds under management. They appoint the executive director and the internal audit director and are responsible for approving SWIB’s asset allocation, setting the annual budget and performance benchmarks, establishing and overseeing the compensation program, and monitoring WRS and SWIB performance. More information about the Board of Trustees is available online at www.swib.state.wi.us/board-of-trustees.