Treasurer Marlo Oaks spent 17 years overseeing multi-billion-dollar portfolios, first at Farmers Insurance Group in Los Angeles (15 years, $24 billion) and then at Intermountain Healthcare (2+ years, $7.5 billion) in Salt Lake City. He oversaw the Treasury function at Intermountain, along with all the community portfolios, including Primary Children’s Hospital Foundation. He has experience managing foundation, endowment, healthcare/hospital system, insurance, defined benefit (pension), defined contribution (401K), taxable, and tax-exempt portfolios, including manager searches, due diligence, risk management, asset allocation, investment strategy, investment policies and guidelines, and reporting to senior executives and boards of investment committees.
During the 2008 – 2009 Financial Crisis, his portfolios’ performance were among the best in the country, outperforming the median corporate pension plan by 11.5% (funded status basis), representing $200 million in added portfolio value. The insurance pools were top performers among their peers, allowing the company to purchase AIG’s Direct Automobile Business, adding $4 billion to the portfolios, at the bottom of the market (March 2009). Treasurer Oaks began his career in Hong Kong on the derivatives desk at Standard Chartered Bank, a large British Bank with offices primarily in emerging markets.
As a volunteer, Treasurer Oaks served on the foundation investment committee at Utah Valley University for nine years. He also co-founded two non-profit organizations, the Stella H. Oaks Foundation that provides hope to single mothers through scholarships, and FIRST Utah Robotics a series of four programs that inspire children K-12 to pursue STEM careers. He is a member of the Chartered Financial Analyst (CFA) Society of Salt Lake City, the Chartered Alternative Investment Analyst (CAIA) Association of San Francisco, and holds both designations in addition to a Bachelor of Arts in Economics from Brigham Young University. He completed a Masters of Business Administration at UCLA Anderson School of Business. He and his wife are the parents of six children.