September 11, 2017
FOR IMMEDIATE RELEASE
CONTACT: Christian Palmer
Governor Ducey appoints ninth PSPRS trustee
ARIZONA – The ninth and final member of the PSPRS Board of Trustees was appointed this month by Governor Doug Ducey. Harry Papp, a portfolio manager and securities analyst with almost 40 years’ experience, joins the board in time to participate in the September trustee meeting.
The qualifications for trustees who are not members of PSPRS-managed plans are extensive and laid out in state law. Papp’s credentials are considerable. He’s a chartered financial analyst and managing partner of L. Roy Papp & Associates, LLP, as well as a former acquisition manager for G.D. Searle & Co.
“Mr. Papp will make an excellent addition to a board of trustees that has both an outstanding investment background and the perspective of our membership,” PSPRS Administrator Jared Smout said. “Members, employers and taxpayers can have confidence that this is the right team to lead the system’s recovery.”
Papp has also lent his experience to a wide variety of private endeavors, including service on boards or committees of the ASU Foundation, Blue Cross Blue Shield, Desert Botanical Garden, the Heard Museum, the Institute of Human Origins at ASU, the Phoenix Art Museum and the Phoenix Zoo.
Appointments to the board have were made by Governor Ducey, past–House Speaker David Gowan and past–Senate President Andy Biggs. Two serving trustees, Chairman Brian Tobin and Trustee Bill Davis were reappointed to the board. Tobin is a deputy chief and 34-year firefighting veteran of the Phoenix Fire Department while Davis is a managing director of public finance investment with Piper Jaffray and a chartered financial analyst.
Other board members include:
- Will Buividas – Phoenix Police Department officer and representative for the city’s local PSPRS pension board, member of the City of Phoenix Deferred Compensation Board and chairman of the Phoenix Healthcare Benefits Trust Board. Vice-Chairman of the PSPRS Board of Trustees and Chairman of the PSPRS Defined Contribution Committee. Appointed by Sen. Biggs.
Edward McNeill – Arizona Department of Public Safety sergeant, elected representative for the DPS local PSPRS pension board and Fraternal Order of Police Lodge 32 Investment Committee member. Appointed by Gov. Ducey.
Bryan Raines – Retired City of Mesa deputy city manager with 27 years of experience with municipal government and chairman of Mesa’s local PSPRS police and fire department pension boards. Appointed by Sen. Biggs.
Mike Scheidt – City of Tempe firefighter who has served on the Tempe local PSPRS pension board, the city’s Deferred Compensation Board and the Arizona Firefighters Health Care Trust board. Appointed by Rep. Gowan.
Dean Scheinert – More than 30 years of experience with investment management and capital markets, including terms as senior vice president for J.P. Morgan Chase Private Bank and U.S. Bank. Current corporate & major gifts officer with the Musical Instrument Museum. Appointed by Gov. Ducey.
Don Smith - Former and 15-year chief executive officer of Copperpoint Insurance and former deputy secretary at the Pennsylvania Department of Labor and Industry. Appointed by Gov. Ducey.