September 2, 2005
ROMNEY MAKES UMASS, PRIM BOARD APPOINTMENTS
Governor Mitt Romney today announced the appointments of Ruben Jose King-Shaw Jr. to the University of Massachusetts Board of Trustees and C. LaRoy Brantley to the Pension Reserves Investment Management Board (PRIM), the nine-member body that oversees the state pension fund.
“There is no investment that will pay the Commonwealth a better return than making sure our students receive a first-rate education,” said Romney. “Under the leadership of capable individuals like Ruben King-Shaw, we will work to make the University of Massachusetts one of world’s finest institutions of higher education.”
King-Shaw is the Senior Partner at Pine Creek Health Care Capital, a $2.5 billion asset management firm with offices in Carlisle, MA and Nashville, TN. He is also a founding partner at Pan American Risk Management Associates, a health system development company operating in the Caribbean and North America.
“I am honored that Governor Romney has chosen me to serve the people of Massachusetts in such a meaningful position,” said King-Shaw. “A quality education has made all the difference in my life as it has for many others across the Commonwealth and throughout this nation - education opens doors, opens minds and turns dreams into goals.”
King-Shaw spent fifteen years building and operating academic and provider sponsored health insurance companies in Florida and served as Secretary of the Florida Agency for Health Care Administration under Governor Jeb Bush. He also served in the administration of George W. Bush where he was the Chief Operating Officer and Deputy Administrator of the Centers for Medicare and Medicaid Services. He later served as a senior advisor to the Secretary of the Treasury.
King-Shaw graduated from Cornell University’s School of Industrial and Labor Relations and currently serves on the school’s advisory council. He holds two masters degrees, one in Health Services Administration and a second in International Business, both from Florida International University in Miami and the Center for International Studies/Instituto de Empresas in Madrid, Spain.
King-Shaw’s appointment is effective immediately and expires on September 1, 2010.
He and his wife live in Carlisle with their two daughters.
Romney also appointed C. LaRoy Brantley to the PRIM Board. PRIM’s mission is to maximize return on state pension investments within acceptable levels of risk by pursuing diversified investments, achieving cost-effective operations and providing access to high quality investment management firms.
“LaRoy Brantley’s academic training and work as a successful investment manager put him in a strong position to contribute to the important job of increasing our state pension assets,” said Romney.
Since 2002, Brantley has been an investment consultant for Boston investment advisory firm Cambridge Associates, which provides services for endowments, pension funds and private clients. Previously, he was an associate at the investment bank Adams, Harkness & Hill in Boston.
“I am honored to accept this appointment to the PRIM Board, whose work is critical to the financial well-being of thousands of public sector workers,” said Brantley. “I look forward to the opportunity to leverage my investment experience for the Commonwealth as a member of the PRIM Board.”
Brantley will serve the remainder of Greg White’s term, which expires on February 1, 2008. White resigned from the PRIM board due to time constraints on his schedule.
Brantley is a graduate of Amherst College and received an MBA from the MIT Sloan School of Management. He resides in Milton with his wife and their three children.
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