Gov. Bruce Rauner has appointed Dennis Cullen of Northbrook, Ill., to the State Universities Retirement System (SURS) Board of Trustees.
Cullen currently serves as board director and audit committee chairman for several life insurance companies including Delaware Life Insurance Company, Delaware Life Insurance Company of N.Y., EquiTrust Life Insurance Company and Heritage Life Insurance Company.
Previously, Cullen served as a managing partner with Chicago Asset Funding, LLC; as a managing director of Liberty Hampshire/Guggenheim Partners; and had an extensive career in the investment banking industry working with First National Bank of Chicago, Security Pacific Merchant Bank, Citibank and Harris Bank. He is a graduate of the University of Chicago.
Cullen will serve out the remainder of a six-year term that expires on June 29, 2015. The Illinois Senate must confirm his appointment.
Other members of the SURS Board of Trustees include Chairperson Lindsay Anderson, Jacqueline Berger, John Engstrom, Richard Figueroa, Paul R.T. Johnson Jr., Andrew Matthews, Craig McCrohon, Dorinda Miller, Antonio Vasquez and Mitchell Vogel.
The SURS Board is comprised of 11 members: four elected participating (active) SURS members, two elected annuitant (retired) SURS members, four members appointed by the governor, and the chairperson, appointed by the governor, who also serves as the chair of the Illinois State Board of Higher Education.
The State Universities Retirement System serves over 220,000 members and sixty-five employers.