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Hon. Joshua Gotbaum

Josh Gotbaum, Chair of the Maryland Small Business Retirement Savings Board (Maryland$aves), is a guest scholar in Economic Studies at the Brookings Institution.  At Brookings and previously as Director of the Pension Benefit Guaranty Corp., he helped bring changes in regulation of private pension investments, expanded retirement coverage through use of automatic payroll deduction programs of which Maryland$aves is an example, and the preservation of multiemployer plans. Institutional Investor twice cited him as one of 40 influential players in US pension policy.

Gotbaum has also been an advocate for greater attention to corporate governance, environmental, and social factors in investing. In the Obama administration, he was one of two government members on the G-7 US Advisory Committee on Impact Investing.  He was also an active advocate for the successful elimination of regulatory prohibitions on economic-targeting and ESG investing.  During the Clinton Administration, he was a member of the interagency working group on climate change. Josh was previously a partner of Blue Wolf Capital, an early subscriber to the UN Principles of Responsible Investing.

His work in government includes Senate-confirmed presidential appointments in Treasury, Defense, and the Office of Management & Budget. He also served the Senate Budget Committee, the White House Council on Wage & Price Stability, the Department of Energy, and the White House Domestic Policy Staff.

Gotbaum’s career spanned work in business, finance and non-profits as well.  He was the CEO of The September 11th Fund, led the successful reorganization of Hawaiian Airlines, was a managing director of Lazard, and a consultant to various investment firms.  He is currently a director of Thornburg Investment Management.

Josh has degrees from Stanford, Harvard Law School, and Harvard’s Kennedy School of Government.  He is married and the father of three.  In his spare time, he sings.


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