Paul Rosenstiel

Paul Rosenstiel is a member of the California Catastrophe Response Council, which oversees the fund established to provide insurance protection to utilities in the event of catastrophic wildfires. Previously, he was a special advisor to Governor Newsom on utility wildfire risk and related issues, in which role he helped create the Council. From 2011 to 2019 he was a board member of the California State Teachers’ Retirement System (CalSTRS), the second-largest public pension system in the United States. He served as deputy state treasurer for Treasurer Bill Lockyer, overseeing the issuance of state debt and representing the treasurer on various boards, including those of the California Infrastructure and Economic Development Bank and the California Earthquake Authority. For most of his career, he was an investment banker assisting state and local governments finance infrastructure through the issuance of municipal bonds, including 15 years as the managing partner of the San Francisco office of De La Rosa & Co. His clients included the State of California and many of its local governments, water agencies transportation agencies, and other providers of infrastructure. From 2010–20, he was chair of the board of the California Budget and Policy Center. He currently sits on the Public Policy Institute of California’s Statewide Leadership Council. He received his MBA from Stanford.