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 Delaney photograph

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.


Suzanne Jenike
Assistant CEO, External Operations

Suzanne Jenike portrait

Suzanne Jenike has been with OCERS since December 1999 and is currently the Assistant CEO of External Operations. As ACEO she assists in developing the strategic direction and business plan goals for the organization. She manages the Member Services, Disability and Communications teams and is responsible for ensuring the membership receive quality customer service, timely and accurate benefit payments as well as effective communication about those benefits.  


Manuel Serpa
General Counsel

Manuel Serpa photograph

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

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.