This content is from: Corner Office

The 2015 Pension 40: Robin Diamonte

No. 16 Robin Diamonte, Chief Investment Officer / Director of Pension Investments / United Technologies Corp.

16
Robin Diamonte
Chief Investment Officer / Director of Pension Investments / United Technologies Corp.
Last year: 10

From her perch overseeing $45 billion in the combined pension and savings plan assets of 200,000 employees at United Technologies Corp., and an additional $8 billion in international pension assets, chief investment officer Robin Diamonte, 51, has increasingly engaged in the national debate over retirement income security . Not content to merely redesign the multinational’s $20 billion savings plan by dramatically slashing participant costs and, in 2012, rolling out a lifetime income option that now stands at $800 million, with a goal of $1 billion in participant assets, Diamonte regularly travels to Washington to speak with federal pension officials about such knotty problems as the need for fiduciary oversight to shield retiree assets from heavily sold and often expensive individual retirement accounts. “I want to figure out ways to help people retire, like supporting the [Department of Labor] fiduciary rule,” says the CIO. At the invitation of Labor Secretary Thomas Perez, Diamonte spoke in July at the once-in-a-decade White House Conference on Aging on how UTC gets participants to start saving early. She currently serves on the Pension Benefit Guaranty Corp.’s advisory committee looking at the federal agency’s liability stream, investment policy and policy on multiemployer plans, and was recently named to Chicago-based Morningstar’s board of directors.

The 2015 Pension 40

1. Bruce Rauner
Illinois
2. John & Laura Arnold
Laura and John Arnold Foundation
3. Chris Christie
New Jersey
4. Randi Weingarten
AmericanFederation of Teachers
5. Phyllis Borzi
U.S. Department
of Labor
6. Kevin de León
California
7. Alejandro García Padilla
Commonwealth ofPuerto Rico
8. Laurence Fink
BlackRock
9. Rahm Emanuel
Chicago
10. Sean McGarvey
North AmericanBuilding Trades Unions
11. John Kline
Minnesota
12. J. Mark Iwry
U.S. Treasury
Department
13. Damon Silvers
AFL-CIO
14. Jeffrey Immelt
General
Electric Co.
15. Joshua Gotbaum
Brookings Institution
16. Robin Diamonte
United Technologies Corp.
17. Mark Mullet
Washington
18. Terry O'Sullivan
Laborers' International Union of North America
19. Raymond Dalio
Bridgewater Associates
20. Ted Wheeler
Oregon
21. Thomas Nyhan
Central States Southeast and Southwest Areas Pension Fund
22. Karen Ferguson & Karen Friedman
Pensions Rights Center
23. Randy DeFrehn
National Coordinating Committee forMultiemployer Plans
24. Robert O'Keef
Motorola Solutions
25. Caitlin Long
Morgan Stanley
26. Kenneth Feinberg
The Law Offices
of Kenneth R. Feinberg
27. Orrin Hatch
Utah
28. Kathleen Kennedy Townsend
Center for Retirement Initiatives, Georgetown University
29. Ian Lanoff
Groom Law Group
30. Joshua Rauh
Stanford Graduate School of Business
31. Ted Eliopoulos
California Public Employees' Retirement System
32. Edward (Ted) Siedle
Benchmark Financial Services
33. Teresa Ghilarducci
New School for Social Research
34. Denise Nappier
Connecticut
35. W. Thomas Reeder Jr.
Pension BenefitGuaranty Corp.
36. Hank Kim
National Conference on Public Employee Retirement Systems
37. Paul Singer
Elliott Management Corp.
38. Bailey Childers
National PublicPension Coalition
39. Amy Kessler
Prudential Financial
40. Judy Mares
U.S. Labor Department

Related Content