- President, Riverview Capital Investments
- Chairman, Financial Crisis Inquiry Commission, 2009-2011
- California State Treasurer, 1999-2007
- Democratic Nominee, Governor of California, 2006
- Chairman, California Democratic Party, 1991-1993
- Chairman, Apollo Alliance, 2007-2011
Phil Angelides has earned national recognition as an effective public and private sector leader with a strong record of forging innovative initiatives to create housing, jobs, and broadly shared economic progress. He has won praise for his pioneering work in sustainable development and urban reinvestment; his trailblazing investment initiatives to address the widening disparity of economic opportunity; his critical, early efforts to build the new green economy; and his unwavering commitment to financial market reforms.
From 2009 to 2011, Mr. Angelides served as Chairman of the Financial Crisis Inquiry Commission, which was created by federal law and charged with conducting the nation’s official inquiry into the causes of the 2008 financial crisis. The Commission presented its report to the President and Congress in January 2011, concluding that the crisis was avoidable and was caused by widespread failures of regulation, reckless risk taking by Wall Street, government leaders ill-prepared for crisis, and a systemic breakdown in accountability and ethics. The report made the New York Times and Washington Post best sellers lists and The New York Review of Books hailed it as “the most comprehensive indictment of the American financial failure that has yet been made” and “the definitive history of this period.” In 2010, Mr. Angelides was named by Worth magazine as 7th among the 100 most powerful people in global finance.
From 1999 to 2007, Mr. Angelides served as California’s State Treasurer. The Associated Press reported that he made “the sleepy treasurer’s office a policy powerhouse,” and The Sacramento Bee praised him as “the most effective and dynamic state treasurer in a generation.”
During his eight years in elected office, Mr. Angelides launched investment initiatives that directed more than $26 billion to promote smart growth and create housing and economic opportunities in urban and underserved communities. He put the weight of the state’s pension funds behind investments in clean energy and energy efficiency and the fight against global warming – seeding the “green tech” investment revolution at a critical early moment and mobilizing institutional investors to address the threat of climate change. And, as early as 2002, he warned of excesses in the nation’s financial markets, organizing pension funds across the country to push for reforms, fight fraud, curb egregious executive compensation, and expand investor rights.
As Treasurer, Mr. Angelides served as a trustee for California’s two major pension funds with assets of more than $300 billion; managed the State’s $57 billion investment fund; financed over 100,000 units of affordable housing and $150 billion in schools, transportation, parks and other public projects; and earned record returns on state investments. Click here for more detail on Mr. Angelides’s accomplishments as State Treasurer: Transforming the Treasurer’s Office into a Force for Progress.
Mr. Angelides, 63, is a graduate of Harvard University and a Coro Foundation Fellow. He served from 1975 to 1983 in California government, where he was a widely respected policy leader in affordable housing, urban planning and redevelopment, and infrastructure investment. He entered the private sector in 1984 and, in 1986, formed his own real estate investment business, which pioneered the planning and building of smart growth communities and helped spark a national dialogue around building more livable, environmentally responsible cities. Among his projects was the new town of Laguna West, which was featured in Time, Newsweek, The New York Times, U.S. News and World Report and ABC-TV’s Good Morning America.
Mr. Angelides is currently President of Riverview Capital Investments, which focuses on clean energy projects and sustainable urban development. His company has planned and built communities that have provided over 15,000 new homes and has been involved in the development of utility scale solar energy generation projects that provide enough power for more than 100,000 homes.
Mr. Angelides has been active in the civic life of his community, state, and nation for more than three decades. He was the Democratic nominee for Governor of California in 2006. He was Chairman of the California Democratic Party from 1991 to 1993, leading a remarkable united Democratic campaign in 1992 that turned California from red to blue – electing two women senators (Senators Boxer and Feinstein) for the first time in any state’s history and carrying the state for a Democratic presidential candidate (Bill Clinton) for the first time in 28 years. In his hometown of Sacramento, he served as the Chairman of the Sacramento Housing and Redevelopment Commission and as Co-Chair of the Sacramento Mayor’s Commission on Education and the City’s Future where he led a unique bi-partisan civic effort which helped turn around the troubled Sacramento City Unified School District.
From 2007 to 2011, Mr. Angelides served as Chairman of the Apollo Alliance, a national coalition of business, labor, environmental and community leaders committed to building a clean energy, good jobs economy. He currently serves as a board member of the BlueGreen Alliance and on the Advisory Board of The Emmett Institute on Climate Change and the Environment at UCLA Law School.
Mr. Angelides has received numerous awards for his work, including the National Inner City Leadership Award from the Initiative for a Competitive Inner City; the California League of Conservation Voters’ Environmental Leadership Award; Ceres’ Joan Bavaria Award for Building Sustainability into the Capital Markets; the Local Environmental Leadership Award from Global Green, presented by Mikhail Gorbachev; the Congress for the New Urbanism’s Lifetime Achievement Award; and induction into the California Housing Hall of Fame.
Mr. Angelides and his wife, Julie, have three daughters – Megan, Christina and Arianna – and three granddaughters – Alexandra, Isabella, and Elodie.