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“Governance and Investment of Public Pension Assets: Practitioners’ Perspectives brings together contributions from more than 30 pension fund practitioners, policy makers, regulators, and experts from around the world. It illuminates key issues related to the governance and investment management of pension funds using real-world examples. h e editors designed the volume as an accessible guidebook for senior policy makers seeking practical ways to tackle the issues they face in governance and investment of public pension assets.
I believe this book meets a widely acknowledged need for more practitioner-oriented information on these issues, and should catalyze further work in this important field.” - Kenneth G. Lay, Vice President and Treasurer, World Bank

In addition to increasing pressure from demographic shifts, the financial crisis of 2008–09 has had serious impacts on public pension funds, intensifying fiscal and management challenges and acting as a catalyst for policy and institutional reforms to support adherence to pension funds’ statutory mandates. Not only will policies and institutional reforms adopted in response to the crisis be important for fiscal sustainability, they will also affect the adequacy and affordability of pensions for workers and retirees worldwide.

Sudhir Rajkumar

Sudhir Rajkumar is head of the pension advisory program at the World Bank Treasury. He leads advisory activities for public pension funds and other multi-asset class investors seeking to build global investment operations, and has served as a senior advisor to several such funds and institutions. During 23 years in global investments, Mr. Rajkumar has managed various asset portfolios of the World Bank Group, external clients, and World Bank pension funds; formulated asset allocation and investment strategy; hired and managed external investment managers; and led teams originating and executing private debt and equity transactions as well as corporate finance and privatization mandates in emerging markets in Asia and Europe (with the International Finance Corporation).
Mr. Rajkumar holds an MBA from University of Chicago, a M.Sc. in economics from the London School of Economics, a B.Sc. in engineering from University of Delhi, and a CFA charter. He serves on the Advisory Committee on Investments of the Food and Agriculture Organization of the United Nations, and served on the Investment Committee of the UN World Food Programme from 2004–10.  
Mr. Rajkumar is co-editor of the book Governance and Investment of Public Pension Assets: Practitioners’ Perspectives recently published by the World Bank

Mark C. Dorfman

Mark C. Dorfman is a senior economist with the Pensions Team in the Social Protection Group of the World Bank, where he works on pensions and contractual savings  reform  in  developing  countries.  Prior  to  assuming  this  position  in  2004, he worked on debt sustainability, debt relief, and risk management in low-income countries. During his 22 years with the World Bank, Mr. Dorfman has worked on several areas of financial market reform, including contractual savings, debt management, banking, and capital markets. He has worked in three regions—East Asia and the Pacific, Latin America and the Caribbean, and Sub-Saharan Africa.

Mr. Dorfman holds an MBA in finance from h e Wharton School.