North Carolina Central University alumnus Charles Asubonten, ’89, has been named Chief Financial Officer of the California Public Employees’ Retirement System (CalPERS). In his new role, he will oversee CalPERS financial systems and risk programs.

Asubonten most recently served as the managing director at a private equity firm. He has more than 20 years of international experience in various aspects of finance and investments in industries including mining, financials, energy, infrastructure, technology, and health care.

He has also served as an adjunct professor at Wayne State University and the University of Michigan.

Asuborten obtained a Bachelors of Business Administration in accounting from North Carolina Central University and earned a Master of Business Administration from the University of Michigan.

He also earned an advanced diploma in corporate governance from the Financial Times Board of Directors Non-Executive Director program in London. He is a certified public accountant and holds the Chartered Financial Analyst designation.

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