Texas Comptroller Glenn Hegar announced today that Anca Ion will be the new Chief Investment Officer (CIO) for the Texas Treasury Safekeeping Trust Company (TTSTC or Trust Company), effective Nov. 1. Ion is currently the deputy CIO of TTSTC and CIO for Internal Investments. In assuming this role, Ion will be responsible for both internal and external investments, filling the vacancy left by departing CIO Ruchit Shah.
“Anca is well known and highly respected by her peers and colleagues in Austin and around the nation,” Hegar said. “She combines technical expertise and long-term experience at the agency with the necessary management skills for a seamless transition. Anca will continue the steady leadership needed to manage TTSTC’s investment strategies as markets continue to navigate the global recovery from the COVID pandemic.”
Ion joined the Trust Company in 2005 as an investment analyst and has steadily risen through the organization over the past 16 years, serving in a variety of roles including portfolio manager (2009) for structured fixed income investments ABS, MBS, CMBS; deputy director of Internal Investments (2014); and head of Internal Investments (2019) in charge of development and implementation of Treasury Pool investment strategy. She holds a Chartered Financial Analyst (CFA) designation, and she is a current board member of the CFA Society of Austin. Anca is also a board member and education committee chair of Texas Wall Street Women.
“This is a tremendous opportunity to continue to serve the people of Texas, and I am grateful to Comptroller Hegar for his confidence in my leadership,” Ion said. “I look forward to working with TTSTC’s customers, fund managers, local governments and other entities who rely on our expertise. I especially want to thank the TTSTC staff for their support, wisdom and guidance throughout my career here.”
Comptroller's office veteran Mike Reissig remains CEO of the Trust Company, which invests, manages and oversees over $90 billion in assets. Investments include cash-equivalent funds such as the Texas Treasury Pool and separately managed portfolios for various Texas state agency clients. It oversees the state's two largest local government investment pools: TexPool and TexPool Prime. It manages 11 separate endowment funds with assets totaling $5 billion.
“Anca has always put the interests of Texas taxpayers first and foremost,” Hegar said. “She is a shining example of what hard work and principled leadership can achieve.”
TTSTC is a special purpose trust company incorporated by the Texas Comptroller of Public Accounts in accordance with the Texas Government Code. Accordingly, the Comptroller serves as the sole officer, director and shareholder of the Trust Company.
The Trust Company’s mission is to preserve and grow the state's financial resources by competitively managing and investing them in a prudent, ethical, innovative and cost-effective manner while focusing on client needs.