GREEN BAY, Wis., April 9, 2014 /PRNewswire/ -- Associated Banc-Corp ("Associated") announced today that David L. Stein, executive vice president and head of retail banking, has been appointed as a trustee to the State of Wisconsin Investment Board (SWIB) by Wisconsin Governor Scott Walker.
The appointment was announced and became effective in February, with Wisconsin State Senate confirmation proceedings concluding in March.
SWIB is a state agency responsible for investing the assets of the Wisconsin Retirement System (WRS), the State Investment Fund (SIF) and five smaller trust funds established by the State. The WRS is the ninth largest U.S. public pension fund and the 28 th largest pension fund in the world.
The nine-member, independent Board of Trustees is responsible for setting long-term investment policies, asset allocation, benchmarks, fund-level risk, and monitoring investment performance.SWIB employs a staff of approximately 150 people, including portfolio managers, analysts and traders who are responsible for daily investment decisions made within the parameters of the board-established policy, as well as legal, financial, accounting and administrative professionals. "I welcome David to the Board and look forward to working with him," said Michael Williamson, executive director of SWIB. "David brings a great deal of professional experience and knowledge to the position along with a solid understanding of our fiduciary duty to generate returns to support the trust funds we manage." Stein oversees the consumer banking activities for more than 200 branches across Associated's three-state footprint of Wisconsin, Minnesota and Illinois. He is also responsible for Associated's mortgage, small business, and consumer and business cards businesses. "I'm honored to have been appointed by Governor Walker and proud to represent the State of Wisconsin in this important role," Stein said. Stein joined Associated in 2005 as regional president for the company's former South Central Region, which was comprised of bank offices in the Madison area. Prior to joining Associated, Stein spent 16 years with JPMorgan Chase (formerly Bank One) in Wisconsin and at Bank One's former headquarters in Columbus, Ohio, where he held a number of progressively responsible management positions. Stein holds an MBA in business administration from the J.L. Kellogg Graduate School of Management at Northwestern University in Evanston, Illinois and a bachelor's degree in finance and marketing from St. Cloud State University College of Business in St. Cloud, Minnesota. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NASDAQ: ASBC) has total assets of $24 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services in over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com. CONTACT: Cliff Bowers SVP/Director of Public Relations920-491-7542 Clifford.firstname.lastname@example.org