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CA Department of Insurance

COIN Team

 

Stacie Olivares-Castain Picture 1 cropped

Stacie Olivares-Castain, Managing Director

Ms. Olivares-Castain joined COIN in October 2011 as its Managing Director. She has since worked with her team and the COIN Advisory Board to redesign COIN into an innovative investment program that sources and structures insurer investments that yield competitive financial returns and positive social and/or environmental impact in California. Annual COIN Qualified Investment holdings have nearly doubled under her tenure, from $7.8 billion in 2011 to approximately $15 billion in 2014. With her guidance several new laws have been enacted to enhance the COIN program and related initiatives, including AB 624 (J. Pérez) that relaunched the COIN advisory board, AB 53 (Solorio) that requires insurer reporting on supplier diversity and AB 32 (J. Pérez) that quintupled the amount of the COIN Tax Credit. 

 

 

  Sukh Randhawa Headshot (Preferred for Website)

Sukh Randhawa, Senior Investment Officer

Mr. Randhawa joined COIN in 2008. His career began in the finance industry at Wells Fargo. He later moved to State Street Corporation where he occupied supervisory roles in operations and fund accounting. At COIN, Mr. Randhawa is responsible for the policy formulation and administration of the COIN Program’s mission of guiding insurers on making safe and sound investments that yield environmental benefits throughout California and/or social benefits within the State’s underserved communities. Mr. Randhawa applies his quantitative background to analyzing insurers' investments across the fixed income, cash-equivalent, real estate, and private equity sectors. He also researches and compiles data, analyzes and evaluates risks, and reports findings and recommendations to CDI Executive Management, insurers, and non-profit and for-profit organizations in support of CDI and COIN’s mission, vision, and strategic objectives. Mr. Randhawa is a graduate of California State University, Sacramento, where he majored in Economics.

 

Roxane Herrera

Roxane Herrera, Lead Investment Officer

Ms. Herrera joined COIN in 2012. She is helping the COIN team to deploy insurance capital into financially sound investments that have a positive social and environmental impact in the State of California. Prior to COIN, Ms. Herrera worked at Bank of America Merrill Lynch as a Corporate Debt Products Sr. Analyst in San Francisco. She underwrote corporate debt and monitored all elements of the bank's credit exposure to the Paper, Packaging & Forest Products portfolio. Some of her responsibilities included researching, writing, and presenting financial and industry analyses in support of company specific and portfolio level decisions to risk and other product partners, aiding in the allocation of capital. Ms. Herrera also served as the Co-Chair for the SF Bay Area HOLA (Hispanic/Latino Organization for Leadership and Advancement) Volunteer Chapter at BAML. She holds a Bachelor of Art degree in Economics and a Bachelor of Science. degree in Business Administration from the University of Southern California.

 Anna Gragg

Anna Gragg, Investment Officer

Ms. Gragg joined COIN in 2006 after acquiring a strong background in project finance and loan assessment at the state level. Prior to COIN, Ms. Gragg was involved in Project Management at CALTRANS. At the Department of Housing and Community Development she assessed loan portfolios for affordable housing and at the Office of Statewide Health Planning and Development she served as a Health Facilities Construction Loan Financing Specialist. Ms. Gragg is a graduate of the Business Administration Program at California State University, Sacramento, where she also received a Master of Public Policy and Administration.

 Novie Sandhu

Novie Sandhu, Investment Officer

Ms. Sandhu joined COIN in 2014. Prior to joining COIN as an Investment Officer, she was a COIN Fellow who assisted the COIN team with various projects. At COIN, she works on CDFI certifications and renewals, high impact investment bulletins, and data call review. She holds a Bachelor of Arts degree in Economics with a minor in History from the University of California, Davis.

 Sandy Chu

Sandy Chu, Investment Officer

Ms. Chu joined COIN in 2014. Prior to joining COIN, she worked in Fiscal and Business Services performing accounting functions at the Commission on Teacher Credentialing. She also worked in State Budgeting at various State departments where she gained a strong background in developing the governor's budget, forecasting expenditures, analyzing budget change proposals, and reviewing legislation. She holds a Bachelor of Arts degree in Economics with a minor in Education Studies from the University of California, Los Angeles. Ms. Chu also graduated cum laude from the University of California, Davis Graduate School of Management earning a Master in Business Administration with a concentration in Finance.

 

 Vic Chima Headshot - cropped

Vic Chima, Investment Officer

Mr. Chima joined COIN in 2014. Since joining COIN, he has worked on CDFI certifications and renewals, high impact investment bulletins, and allocating COIN CDFI Tax Credits. Prior to joining COIN, he worked as an Investment Officer at CalPERS managing the daily reconciliation/forecasting of cash balances for Fixed Income and Global Equity portfolios. He also worked as a Trading Liaison at State Street Bank where he ensured compliance and accurate accounting of trade related activity, dividends, interest, settlement, and corporate action events. Mr. Chima holds a Bachelor of Science degree in Business Administration from California State University, Sacramento.

 Charisse Thomas

Charisse Thomas, Investment Officer

Ms. Thomas joined COIN team in 2015. Prior to joining COIN, Ms. Thomas performed audits at the Controller’s Office. Some of her responsibilities included auditing claims against the State for reimbursement for the costs of programs required by the State. She also worked at the California State Assembly where she researched and analyzed policy issues and bills and managed bills through the legislative process. Ms. Thomas holds a Bachelor of Arts degree in Business Administration from California State University, Sacramento and a Master of Business Administration with a concentration in Finance from San Francisco State University.

 

 Tony Bio Pic 0515

Tony Ho, Investment Officer

Mr. Ho joined COIN in 2015. He evaluates investments that have a high positive social and/or environmental impact while maintaining a competitive financial return. He has qualified investments in fixed income, real estate, private equity, and mezzanine debt. Prior to joining COIN, Mr. Ho worked at Capital Group covering equity investments in the business services and technology sectors. Mr. Ho holds a Bachelor of Science degree in Electrical Engineering & Computer Science from the University of California at Berkeley and a Master of Business Administration degree from Cornell University.

 
 

 

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