University of Southern California

Professor Adlai Wertman Named to Los Angeles Board of Police and Fire Pension Commission
Professor Adlai Wertman Named to Los Angeles Board of Police and Fire Pension Commission
August 17, 2009 • by Karen Lowe

Los Angeles Mayor Antonio Villaraigosa has appointed USC Marshall professor and corporate social responsibility leader Adlai Wertman as a Commissioner of the Los Angeles Police and Fire Pension Fund, which oversees the $11.9 billion uniformed employee pension portfolio.

Wertman is a professor of Clinical Management and Organization at USC's Marshall School of Business. He is the founding director of the Society and Business Lab at Marshall, a program aimed at imbuing students with a sense of corporate engagement and social responsibility.

Wertman is a well-known leader in social enterprise and is the former president and CEO of Chrysalis, the only non-profit in Los Angeles devoted solely to helping homeless individuals change their lives through employment.

During his time in the nonprofit world, Wertman became aware of the urgent need for business education, talent and resources in addressing the world's most critical problems. Under his aegis, the Society and Business Lab brings the full resources of the Marshall School of Business to training the next generation of enlightened business leaders.

Prior to entering the non-profit sector, Wertman spent 18 years as an investment banker, most recently as the Managing Director and Manager of Prudential Securities' West Coast Public Investment Banking Group. He works extensively in the Los Angeles community as a founder and advisor to several non-profits and currently serves as an Advisory Board Member of the Global Health Institute.

About the Los Angeles Fire and Police Pensions Commission
The commission has the responsibility to administer defined retirement plan benefits for all sworn fire, police and certain port police employees of the City of Los Angeles. It has approximately 13,000 active members and 12,000 retirees and beneficiaries.

About the USC Marshall School of Business
Consistently ranked among the nation's premier schools, USC Marshall is internationally recognized for its emphasis on entrepreneurship and innovation, social responsibility and path-breaking research. Located in the heart of Los Angeles, one of the world's leading business centers and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus undergraduate and graduate students a unique world view and impressive global experiential opportunities. With an alumni community spanning 123 countries, USC Marshall students join a worldwide community of thought leaders who are redefining the way business works.