Senior Executive Team
Executive Team
The Senior Executive Team of OCERS, led by the Chief Executive Officer (CEO), comprises two Assistant CEOs, a Chief Investment Officer, and a General Counsel. Together, they oversee the day-to-day operations of OCERS.
Steve J. Delaney
Chief Executive Officer
Steve J. Delaney began serving as Orange County Employees Retirement System’s Chief Executive Officer on January 2, 2008, and is the longest-serving CEO among the 20 county retirement systems. He has overseen the OCERS Fund as it grew from $8 billion at that time to the nearly $23 billion fund it is today.
As CEO, Mr. Delaney oversees a full-time staff of 120+ employees in all areas of OCERS operations, including investments, legal, financial, administrative services, communications, information technology, and member services.
David Kim
Assistant CEO, External Operations
David Kim joined OCERS in 2018, bringing over 20 years of experience from top Fortune 50 companies. He assumed the role of Assistant CEO of External Operations in 2024, having served nearly six years as the Director of Internal Audit at OCERS. In his prior role, he gained comprehensive insights into OCERS’ processes across various departments and collaborated closely with participating employers.
Brenda Shott
Assistant CEO, Finance and Internal Operations
Brenda Shott has over 29 years of experience in public sector financial services, information technology management, program development, business process improvement, and strategic planning.
Manuel Serpa
General Counsel
Manuel D. Serpa is the General Counsel for the Orange County Employees Retirement System (OCERS). He obtained this position after serving as OCERS’ Deputy General Counsel for four years. Before joining OCERS in 2019, he was a partner at the Olivarez, Madruga, Lemieux & O’Neill law firm (OMLO), providing various transactional and litigation services to diverse public agency and municipal clients. Prior to this, he was a supervising attorney for a national disability law firm for over two decades and led their federal court appellate practice in the 9th Circuit.
Molly A. Murphy
Chief Investment Officer
Molly Murphy has more than 30 years of investment experience and currently oversees the investment portfolios as Chief Investment Officer (CIO) of the Orange County Employees Retirement System. Ms. Murphy joined OCERS in 2017 after many years as CIO of a non-profit health system. Previous to that role, with a background in trading and portfolio management, Ms. Murphy was the co-founder and CIO of a boutique investment firm serving the bespoke needs of institutional fixed income investors. She is a graduate of Miami University and Xavier University and is a CFA charter holder.