**attached contains the following: *
For Immediate Release
Contact: Aimee Edwards
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Governor appoints David Damschen as new state treasurer
SALT LAKE CITY (Dec. 11, 2015) – Gov. Gary R. Herbert has announced his
appointment of David Damschen as the new Utah state treasurer. Damschen
will fill the remaining term of Richard Ellis, who stepped down to pursue
another career opportunity.
“David epitomizes our fiscal conservative approach to government,” Gov.
Herbert said. “I have full confidence that his vision, knowledge and
experience will continue to lead the Utah team to maintain our strong
fiscal health and Triple-A Bond rating.”
As the state treasurer, Damschen will be responsible for the management of
taxpayer dollars as the state’s chief financial officer. He will oversee
the collection, safeguarding, investment and disbursement of state funds.
The state treasurer implements and operates numerous investment programs
including the Public Treasurer’s Investment Fund and the Permanent School
Fund. In addition, Damschen will issue all debt obligations authorized on
behalf of the state of Utah.
“I am humbled by this opportunity to serve Utah and its residents,” said
Damschen. “I understand the importance of this position and look forward to
providing a fresh perspective to some of the critical issues Utah will face
in the near future.”
Prior to this appointment, Damschen served as chief deputy to the office of
the Utah State Treasurer for six years (2009-present). He has also served
as the senior vice president and director of AmericanWest Bank (2007-2009)
and vice president of institutional trust and custody at U.S. Bank
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