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Reynolds Williams
Chairman
Reynolds Williams was born in Mullins, S.C. He graduated cum laude from the Baylor School for Boys in Chattanooga, Tennessee and received his bachelor's degree from the University of Virginia, where he was an Echols Scholar. After serving in Vietnam, where he was awarded the Bronze Star and the Combat Infantry Badge, Mr. Williams received his Juris Doctor from the University of South Carolina (USC) School of Law in 1973. While in law school, Mr. Williams received the American Jurisprudence Award in Contract Law. Mr. Williams is admitted to all state and federal courts in South Carolina, the United States Court of Appeals for the Fourth Circuit, and the U.S. Supreme Court.
He has been chairman of many Arbitration Panels of the National Association of Securities Dealers, the American Arbitration Association, and the Duke Private Adjudication Center. Mr. Williams is a former chairman of the Greater Florence Chamber of Commerce and President of the Florence Rotary Club. He has served on the School Board at All Saints and St. Anthony's, as Chairman of the Florence County Election Commission, and on the Board of Directors of Florence County Progress. Mr. Williams was a Faculty Seminar Participant at the 1991 U.S. Army War College. Mr. Williams served on the Board of Directors of Community Bankshares and is a Director of IRIX Pharmaceuticals. He was Chairman of the Board of Florence National Bank. Williams was the President of the S.C. Chapter of the Federalist Society and is a member of the Defense Research Institute, American Board of Trial Advocates, and South Carolina Defense Trial Attorneys Association. He has served as Vice-Chairman of the State Board for Technical and Comprehensive Education. Mr. Williams is recognized in the following books: Leading Lawyers in America, Super Lawyers, and The Best Lawyers in America. In 1999, Governor Beasley awarded Mr. Williams the Order of the Palmetto, South Carolina's highest honor, for his public service, civic responsibility, and friendship to the State. In 2001, Williams was named Business Person of the Year by the Greater Florence Chamber of Commerce. The USC School of Law recognized Williams as a Compleat Lawyer, for his 30+ years of "exemplary service" to the bar and the public. A Certified Financial Planner (CFP®), Mr. Williams was recognized in a Concurrent Resolution of the S.C. House and Senate for his leadership during the Investment Commission's formative years.
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Edward N. Giobbe
Vice Chairman
Mr. Giobbe, of Aiken, S.C., has 37 years of experience in the financial services industry with a wide variety of experience including equities and fixed income in the areas of trading, sales, and investment banking. He was a principal in the Fixed Income Division of Morgan Stanley Inc. in New York from 1978 until his retirement in 1995.
His career at Morgan Stanley focused on institutional sales covering major financial institutions such as bank trust departments, money managers, mutual funds, insurance companies, and pension funds. Currently, Mr. Giobbe is Vice-Chairman of the City of Aiken Planning Commission, a member of the Building Committee of the Aiken SPCA, and active in community affairs. Mr. Giobbe is a retired Captain in the United States Army Reserve, where he completed active duty in the United States and Japan, as well as active service in the Army Reserve. Mr. Giobbe received his bachelor's degree from Yale University, and earned his MBA from the New York University Graduate School of Business Administration.
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David K. Avant
David K. Avant is the Interim Executive Director of the South Carolina Public Employee Benefit Authority (PEBA). He was appointed to this position effective January 1, 2013. PEBA is responsible for the administration and management of the state's employee insurance programs and retirement systems. Prior to his appointment, David served as PEBA's Director of Operations. David previously served as an Assistant and an Assistant Deputy Attorney General at the South Carolina Office of the Attorney General from 1993 until 2003. While in this capacity, David authored Attorney General Opinions, Prosecuted Insurance Fraud cases and headed the Prosecution Section for the Office. In 2003, David became an Assistant General Counsel for the South Carolina Budget and Control Board. In 2006 David joined the South Carolina Retirement Systems as Managing Legal Counsel. In July 2012, the General Assembly combined the Retirement Systems and the Employee Insurance Program into PEBA. Since 1999 David has also been an adjunct instructor at Midlands Technical College in the Paralegal Program David received a bachelor's degree in Finance from the University of South Carolina in 1987. He received a law degree from the University of South Carolina in 1991. Read All
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Allen R. Gillespie, CFA
Mr. Gillespie, of Anderson, S.C., is a Principal of GNI Capital, responsible for portfolio management and investment research for all of the company's managed assets. Mr. Gillespie also contributes commentary to StreetInsight.com, a member of TheStreet.com's family of financial websites that is dedicated to the institutional investor. Previously, Mr. Gillespie was a Registered Representative at Robinson-Humphrey and Smith Barney from 1995-1997. In 1997, he began managing private client portfolios and founded the Blue Ridge Total Return Fund, which was sold to the Colonial Trust Company in 1999. In addition to his advisory work, Mr. Gillespie provided independent research to a New York-based hedge fund. Mr. Gillespie graduated cum laude from Washington & Lee University with a bachelor's degree in Economics, and has been granted the Chartered Financial Analyst (CFA) designation. He is a member of the CFA Institute, the CFA Society of South Carolina, and the New York Society of Security Analysts. Read All
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Curtis Loftis, State Treasurer
Curtis M. Loftis, Jr. is the State Treasurer of South Carolina. He is a native of Lexington County and a graduate of University of South Carolina. He is a business owner, and the founder and benefactor of The Saluda Charitable Foundation. The State Treasurer is the "private banker" for South Carolina. He is responsible for the investment, cash management, and safekeeping of the State's general and restricted funds and the assets of the South Carolina Retirement Systems. The Treasurer is Vice Chairman of the SC Budget and Control Board. The Budget and Control Board (Agency) is at the core of South Carolina's State Government, handling functions such as: the SC Retirement System, State Procurement, State Insurance Programs, The Budget Office, State Auditor's Office, State Human Resources' Office, General Services, The Budget Office and the State Technology Office. The Treasurer is a member of the South Carolina Retirement System Investment Commission, which invests the System's approximately twenty-five billion dollar investment pool, with the goal of maximizing the return of the System's assets while safeguarding the system's capital for its retirees. The Treasurer is the Chairman of the State Board of Financial Institutions. The Board supervises financial institutions under its jurisdiction through the Bank Examining Division and supervises mortgage originators and lenders, finance companies, pay day lenders, and title lenders through its Consumer Finance Division. The Treasurer is the Vice Chairman of the South Carolina Tobacco Authority. The South Carolina Tobacco Authority administers the tobacco settlement funds. The Treasurer is also the custodian of these funds. The Treasurer is the Vice Chairman of the South Carolina Education Authority. The Treasurer is also the custodian of the funds. Mr. Loftis is an avid outdoorsman. He enjoys spending time hiking, fly fishing, rock climbing, hunting, and clearing his land. His love of travel has taken him all over the world and led him to establish his philanthropic organization to help people in less developed countries. Read All
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James R. Powers
James R. Powers, of Chapin and Isle of Palms, S.C., retired in 1998 from a distinguished career as an investment banker. Most recently, Mr. Powers acted as Co-President and Chief Executive Officer of Sanwa Securities in New York. Prior to Sanwa Securities, Mr. Powers enjoyed a 15+ year career with CS First Boston Group Inc., where he held several international positions including Chief Operating Officer of First Boston Australia and Chief Operating Officer of CS First Boston Pacific in Tokyo. Mr. Powers began his banking career in 1972 with South Carolina National Bank. He is an eagle scout and is a previous member of the local council executive board. Mr. Powers received his bachelor's degree in Finance from the University of Georgia where he was a member of Phi Gamma Delta, Beta Gamma Sigma, and Phi Eta Sigma fraternities. Read All |
S. Travis Pritchett, DBA
S. Travis Pritchett, Distinguished Professor Emeritus at USC, held the W. Frank Hipp Chair of Insurance in the Moore School of Business from 1982 until his retirement in 2000. He was Chair of the Banking, Finance, Insurance, and Real Estate Department for seven years. Dr. Pritchett served as the Academic Director of the USC MBA and PMBA programs in the mid-1990s. In the 1980s, he was Director of a master's degree program in health care finance. At USC, he received the Alfred G. Smith Teaching Excellence Award, a Mortar Board Teaching Excellence Award, the Moore School Faculty Service Award, and the Moore School Distinguished Service Award. He worked with the Pension Trust and Employee Benefits Seminar for over 30 years. Dr. Pritchett is a former editor of The Journal of Risk and Insurance (the world's leading academic journal in its field) and was an associate editor of Benefits Quarterly, Journal of Financial Service Professionals, Financial Services Review, Journal of Financial Planning, Journal of Business Research, and the America Journal of Small Business. He is author or coauthor of a dozen books and monographs and over 50 journal articles. In 1988, the Professional Insurance Agents' Insurance Foundation chose him as the first recipient of their national Insurance Educator of the Year Award based on excellence in teaching, scholarship, and service. Dr. Pritchett's service work included being a Governor's Appointee to the Joint Insurance Study Committee of the S.C. Legislature and a member of the Treasurer's Task Force on COLAs. He has been President of the American Risk and Insurance Association, the Risk Theory Society, the Academy of Financial Services, and the Southern Risk and Insurance Association. Dr. Pritchett resides in Charleston, S.C. He is a consultant and expert witness on pensions and insurance issues and has been the retiree representative with the Commission since 2005. Read All |
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