Western Corporate Federal Credit Union has a new chief investment officer.

Joe DeMichele will direct WesCorp's investment operations, which includes providing comprehensive balance sheet, liquidity and investment related products and services to members, the corporate said. He replaces former WesCorp CIO Bob Burrell, who was dismissed as a result of WesCorp's March 20 conservatorship.

DeMichele most recently served a short stint as senior vice president, institutional sales at Costa Mesa, Calif.-based Great Pacific Securities. For two and a half years prior to that, he was CEO and Managing Director at Allegiance Advisors.

He also spent six years at Delaware Investments, where WesCorp CEO Phillip Perkins worked before taking the WesCorp job; the two men's tenures overlapped for at least three years. DeMichele's Delaware duties included

various asset/liability management activities, including portfolio analysis, structured product investing, and secondary derivatives trading.