Curtis G. Fee Named Chief Investment Officer, Vice President at ELCA Board of Pensions

2/9/2004

From: Kami Lund of the Evangelical Lutheran Church in America, 612-752-4194, e-mail: klund@elcabop.org

MINNEAPOLIS, Minn., Feb. 9 -- Curtis G. Fee is the new Chief Investment Officer and Vice President of the Investment Unit for the Board of Pensions of the Evangelical Lutheran Church in America (ELCA).

In his new role, Fee will lead the Investment Unit and the further development of the Board of Pensions' investment programs. In doing so, he will help guide the Board of Pensions in its mission to provide high-quality retirement, health, disability and survivor benefits and related services for 50,000 active and retired ELCA pastors, lay workers and their families.

"In his previous roles, Curt established investment and risk management strategies that have added value for our defined contribution retirement program," said John G. Kapanke, president of the Board of Pensions. "I look forward to Curt leading our investment program and the generation of superior long-term investment results for those who serve this church."

Fee originally joined the Board of Pensions in 1994, and has served as Senior Investment Manager of the Investment Policy and Strategy Department in the Investment Unit since 2001. His 13 years of experience includes investment management and research positions with major insurance companies and institutional money management firms as well as those at the Board of Pensions. He succeeds Michael L. Troutman who has been named the Board of Pensions' internal consultant for strategic planning and business development.

Fee is a Chartered Financial Analyst and holds the Fellow, Life Management Institute designation with distinction. He is a member of the Association of Investment Management and Research and is the current Program Chair for the Twin Cities Society of Securities Analysts. Fee received a bachelor's degree in business administration with high distinction and a master's degree in finance from the University of Iowa.

The Board of Pensions is a $5.5 billion corporation located in Minneapolis. The ELCA has 5.1 million members and is the fifth largest Protestant church in the United States and Caribbean.