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The WSIB was created in 1981 under Chapter 43.33A of the Revised Code of Washington (RCW). The WSIB is a small agency with a staff of 79 employees who
work in three divisions - Investments, Operations, and Institutional Relations. The WSIB’s executive director is appointed by the Board to oversee the staff, develop and recommend agency and investment
policies for Board adoption, and ensure adherence to state policies and laws.
The WSIB organization is structured similar to most investment management organizations, with a board and executive committee providing firm wide leadership; and major operating units for
investment management, operations, research, risk control, financial management and administration, and public affairs or client services.
The Investment Division is comprised of investment professionals who manage investments in major asset classes including public equity, private equity, real estate, tangable assets, and fixed income
division is also served by a senior investment officer who develops asset allocation and risk budgeting strategies. The division deploys both internal and external investment management strategies.
The Operations Division provides a number of services in support of the investment function, including trade settlement, cash management, private market funding, cash and stock distributions,
foreign and domestic tax matters, and investment compliance monitoring. It provides agency-wide risk management, information systems management, human resources, and administrative services.
Institutional Relations Division manages duties typically found in a client services division of an investment management agency including performance reporting, annual report preparation, and corporate
governance. In addition, the division manages functions unique to a public pension fund, including legislative affairs, media, enquiries, and constituent communications. |
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