Juan SN. Lizama resigned as board trustee when he was promoted vice president of the First Hawaiian Bank’s branch in the CNMI.
Guerrero said the board wants someone of Lizama’s caliber — “a person who has an excellent understanding of financial reports, the national and international investment markets as well as a thorough knowledge of public pension programs.”
“In addition, this person must have a fortitude to be part of a team that necessitates making the tough decisions necessary to protect the Fund’s assets for every member, whether current government employee, retiree or beneficiary,” said Guerrero in his Feb. 17 letter to the governor.
The Fund chairman said Camacho, the former vice chairman of the board, possesses these qualities.
But in the event that Camacho cannot be nominated, the board recommends Facey as an alternate nominee.
Facey is the former administrator of the Prior Service Benefits program and is an active civic leader engaged in different community activities.
“Mr. Facey’s vast experience with the Prior Service Benefits Program and extensive knowledge of the investment market and pension benefit plans will be an invaluable asset to the board,” said Guerrero.
“In addition, his experience as a businessman in the CNMI, knowledge of financial information, integrity and work ethic will be an added benefit that will also greatly complement the current board,” he added.
