STRS News Release 8/3/12: Treasurer of State appoints Mayerfeld to State Teachers Retirement Board

From STRS, August 3, 2012

NEWS RELEASE -- STATE TEACHERS RETIREMENT SYSTEM OF OHIO (STRS Ohio)

Aug. 3, 2012

TREASURER OF STATE APPOINTS MAYERFELD TO STATE TEACHERS RETIREMENT BOARD

On July 16, 2012, Treasurer of State Josh Mandel announced his appointment to the State Teachers Retirement Board. Joining the board is Yoel Mayerfeld, who is currently the Principal & Managing Director of Chase Properties. Mayerfeld is active on the investments committee with Chase Properties, an Ohio-based company with offices in Beachwood, Ohio. Mayerfeld's previous experience includes years at Commerzbank Capital Markets Corporation, Deutsche Bank and Bankers Trust Company, where he worked in the finance and investment field. He is a graduate of Yeshiva University, where he received a bachelor's degree in Finance. Mayerfeld's appointment is to complete the four-year term begun by Dr. Daniel Martin, who resigned his position on April 20, 2012. Mayerfeld's term on the Retirement Board will end on Jan. 7, 2014.

Amended Substitute Senate Bill 133 passed in June 2004 included a provision that enabled the state treasurer to appoint an investment expert to the State Teachers Retirement Board. The 11 members of the board are compensated for expenses only.

STRS Ohio serves as the public pension fund for Ohio's public educators, providing retirement, survivor and disability benefits, as well as optional health care coverage for retirees.

Contact: Nick Treneff, Director of Communication Services, (614) 227-2825