Local Agency Investment Fund

Current LIAB Members

John Chiang

John Chiang
State Treasurer


Residence: Torrance, California.
Background: Mr. Chiang graduated with honors from the University of South Florida with a degree in Finance, and received his law degree from the Georgetown University Law Center. As State Treasurer, he oversees a bank that processes trillions of dollars in transactions every year. He sells California’s bonds, invests the State’s money and manages its cash. Prior to being elected Treasurer, he served from 2007 through 2014 as State Controller. In that office, he took steps during the Great Recession to preserve cash to meet obligations to education and bond holders, worked to ensure the fiscal solvency of the State’s pension plans, and ensured that $3.1 billion in unclaimed property was returned to the rightful owners. Prior to serving as Controller, he was elected to the Board of Equalization in 1998, where he led with innovative taxpayer-friendly services such as the State's free income tax return preparation service, ReadyReturn.

 
Martin Krieger

Martin Krieger
Finance Director

Desert Water Agency

Krieger has been with the Desert Water Agency since 1986. He began as Accounting Supervisor and in 1998 was promoted to Controller. In 2004 he was promoted to his current position as Finance Director. Additionally, in 2006 Krieger was appointed (by then California State Treasurer Phil Angelides) to serve as a director on a five-member State of California Local Investment Advisory Board (LIAB). Krieger continues to serve as a director on the Board under his third State Treasurer. Krieger is an active member in the Association of California Water Agencies (ACWA), American Water Works Association (AWWA), California Society of Municipal Finance Officers (CSMFO), California Municipal Treasurers Association (CMTA), and serves on the United Way Budget & Allocations Committee. Krieger attended College of the Desert & California State University Long Beach, where he graduated in 1980 with a BS Degree in Finance­ Business Administration.

 
Beth Renge

Beth Renge
President

Frontline Financial Group, LLC

Beth Renge has more than three decades of experience in the securities industry and has a wide range of community and public service activities. She is the president of Frontline Financial Group, LLC, a Registered Investment Advisory firm (RIA) and a minority and woman-owned business enterprise. She has served as a director on the boards of the California Public Employees' Retirement System, the California State Teachers' Retirement System, Dentegra Insurance Company and Delta Dental of California where she was also the treasurer and chair of its finance committee. She graduated from the University of the Pacific, Eberhardt School of Business with a Bachelor of Science degree and she is an Investment Advisory Representative (IAR) with the Financial Industry Regulatory Authority (FINRA).

 
Douglas C. Robinson

Douglas C. Robinson
Principal
RCM Robinson Capital Management LLC

Doug Robinson is the Principal of RCM Robinson Capital Management LLC, a Securities and Exchange Commission (SEC) registered investment advisory and management firm specializing in institutional fixed income management and Other Post-Employment Benefits (OPEB) trust asset allocation strategies. Robinson is a frequent guest speaker and long-time member of the California Municipal Treasurers Association. With over thirty years of experience in the investment industry, he is the editor of robinsoncapital.com, an educational web site providing investors with information on institutional fixed income, Governmental Accounting Standards Board (GASB) 45 mitigation strategies and portfolio management. Robinson is also a Branch Manager and Registered Principal with Foothill Securities. He received his Bachelor of Science degree in Economics from the University of Missouri-Columbia.

 
Laura Parisi

Laura Parisi
City Treasurer

City of Laguna Beach

Laura Parisi has been the City Treasurer in Laguna Beach since 1999. She was appointed by the City Council and then elected in 2000. Her responsibilities are the receipt, deposit and investment of city funds, banking, assessment district bonds administration and Transient Occupancy Tax reviews. She is a member of the League of California Cities Revenue and Taxation Committee. Prior to her current role, Parisi worked for approximately twenty years in the private sector. Her jobs included Chief Financial Officer, Vice President Finance, Controller and Certified Public Accountant (CPA). Parisi is a CPA, a Certified California Municipal Treasurer (CCMT) and a Certified Fixed Income Practitioner (CFIP) with degrees in Accounting, Business Administration and a minor in Economics from Illinois State University.