Smith to advise Detroit’s Police and Fire Retirement System
Robert C. Smith, chairman and CEO of Spero-Smith Investment Adviser Inc., and emeritus chair and current member of the ONU Board of Trustees, has been appointed to the Police and Fire Retirement System’s Investment Committee for the City of Detroit.
Among other responsibilities, the investment committee will develop the retirement system’s investment goals, and is charged with the selection and removal of investment managers and the chief investment officer under the terms of the proposed Plan of Adjustment for the city of Detroit and the “Grand Bargain” legislation.
"These committees are an essential part of ensuring a brighter future for Detroit," Gov. Rick Snyder said. “Each of these appointees has a wide variety of experience and brings a strong commitment to protecting the investments of Detroit retirees.”
Smith has worked as chief investment officer for the investment advisory firm he co-founded in 1988. In 2013, Smith was appointed to the Ohio Public Employees Retirement System as an investment expert. Smith earned a bachelor’s degree from Ohio Northern University and an MBA from Duquesne University. He is a member of the CFA Institute and the Cleveland CFA Society. Smith is appointed to a four-year term.