Board Members

The IBank is governed and its corporate power exercised by a board of directors consisting of the following persons or their designees:


Panorea Avdis
IBank Board Chair 

Panorea Avdis also serves as the Director of the Governor’s Office of Business and Economic Development (GO-Biz), the State’s lead entity for economic development and job creation efforts. Appointed by Governor Brown in to help reestablish the State’s economic development office, Avdis has built one of the most robust and sophisticated programs in the country, with nearly a dozen key programs and field offices in the Bay Area, Los Angeles and San Diego. Her role entails direct oversight of the State’s top economic development programs including the Infrastructure and Economic Development (IBank), the California Film Commission, the California Commission of Travel and Tourism and the California Competes Tax Credit. Prior to joining GO-Biz, she served as Chief of Staff to Sacramento County Supervisor Phil Serna, Director for External Affairs for Housing and Community Development under Governor Schwarzenegger and special assistant to Governor Gray Davis. Avdis serves on the California Employment Training Panel, Green Collar Jobs Council, California Industrial Development Financing Advisory Commission, the Economic Recovery Financing Committee, the CalED advisory committee and is a graduate of UC Davis.


John Chiang
State Treasurer

John Chiang was elected on Nov. 4, 2014, as California’s 33rd State Treasurer. As the State’s banker, he oversees trillions of dollars in transactions every year. One of his top priorities is to conduct the State’s business in the most transparent manner possible. Chiang sells California’s bonds, invests the State’s money and manages its cash. In addition, he manages financing authorities that help provide good-paying jobs, better schools, improved transportation, quality health care, more affordable housing and a cleaner environment. He handles those duties while sitting on the governing boards of the nation’s two largest public pension funds – the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS). Prior to being elected Treasurer, Chiang served from 2007 through 2014 as State Controller. He began his career as a tax law specialist with the Internal Revenue Service and previously served as an attorney in the State Controller’s Office. Chiang graduated with honors from the University of South Florida with a degree in finance. He received his law degree from the Georgetown University Law Center.

Brian Annis
Secretary of the Transportation Agency

In February 2018, Governor Edmund G. Brown Jr. appointed Brian Annis as Secretary of the California State Transportation Agency where he has served as acting secretary since 2018 and was undersecretary from 2013 to 2018. Where he has served as acting secretary since 2018 and was undersecretary from 2013 to 2018. Prior to this appointment, Brian served as Deputy Secretary for Transportation at the Business, Transportation and Housing Agency.  Brian served in various positions for the Senate Committee on Budget and Fiscal Review, including deputy staff director, principal consultant and consultant. He also served in various positions at the California Department of Finance, including principal program budget analyst, staff finance budget analyst and research analyst. Brian has also been an adjunct professor of economics at American River College and an economist for the Bureau of Labor Statistics at the U.S. Department of Labor. Brian holds a bachelor’s degree in political economy of natural resources from the University of California, Berkeley, and a master’s degree in economics from the University of Washington.

Keely Bosley
Director of the Department of Finance

Keely Bosler was appointed as Director of the California Department of Finance by Governor Jerry Brown in August 2018. She serves as the Governor’s chief fiscal policy advisor. Prior to becoming Director, she served as Cabinet Secretary in the Office of the Governor from 2016 to 2018. Director Bosler served as Chief Deputy Director for budget at the Department of Finance from 2013 to 2016. Director Bosler was Staff Director for the California State Senate Budget and Fiscal Review Committee from 2010 to 2013, where she was a consultant from 2004 to 2009. She served as Associate Director for fiscal services at the California Department of Corrections and Rehabilitation’s Budget Management Branch from 2009 to 2010, and as a Fiscal and Policy Analyst at the California Legislative Analyst’s Office from 2000 to 2004. Director Bosler earned a Master of Science degree in applied economics from Cornell University.


Peter Luchetti
Governor’s Appointee

Peter Luchetti has been founder and managing partner at Table Rock Capital since 2003. He held multiple positions at Bank of America Securities Inc. from 1992 to 2002, including global head of project and structured finance, U.S. head of communications and utilities and U.S. head of corporate finance. Luchetti held multiple positions at Bank of America National Trust and Savings Association from 1984 to 1992, including head trader of distressed loan trading and global head of derivatives. He was a trader at J. Aron and Company of Goldman Sachs from 1979 to 1984. Luchetti is a member of the Bay Area Council Economic Institute Board of Directors. He earned a Master of Arts degree in economics and mathematics from Duke University.