Today, AFL-CIO President Liz Shuler announced that the board of the AFL-CIO Investment Trust Corporation (ITC) has selected longtime labor investment management expert Monte Tarbox as its next president. Tarbox will be responsible for overseeing and executing strategy for the leading not-for-profit corporation that works with labor-friendly investment vehicles to protect and grow the retirement assets of America’s working people. Tarbox will succeed former ITC President Randy Kinder, who has worked with ITC for over two decades.
“I am thrilled that Monte will be leading the ITC at such a critical time for our movement and for working people,” said Shuler. “I am confident that Monte’s more than 30-year track record as a financial adviser to labor pension funds makes him exceptionally well qualified to steer the ITC into the next chapter of its history.”
“I also want to sincerely thank Randy for his years of service and leadership of the ITC, and wish him well on his next endeavor. I know that Monte will continue to build on his work, and reinforce the ITC’s mission to ensure that union members’ hard-earned dollars are invested in ways that align with our values and benefit working families and communities.”
Tarbox arrives at the ITC following a long career providing investment management and oversight to various labor pension funds. Most recently, he served as the executive director of the Investments for the National Electrical Benefit Fund, which provides pension benefits to Electrical Workers (IBEW) members. He also previously held the role of chief investment officer at the IAM National Pension Fund and has held several similar senior positions, including advising pension fund trustees in Australia.