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Utah governor taps Oaks as new state treasurer
Utah has a new state treasurer.
Gov. Spencer Cox announced Tuesday afternoon he has appointed Marlo Oaks, an investment banker, to the position. Marlo s broad experience in investment banking, risk management and portfolio oversight makes him an excellent choice as custodian of public funds, Cox said in a statement. I m also impressed with his involvement in two nonprofits and Utah Valley University. I commend his desire to serve the public in this new capacity.
Oaks has worked in banking in Hong Kong as well as other financial positions in Los Angeles and Salt Lake City. He serves on the foundation investment committee at Utah Valley University. He has degrees from Brigham Young University and UCLA.
SALT LAKE CITY Utah State Treasurer David Damschen announced Monday he will step down from his elected position later this month to lead the Utah Housing Corporation.
Damschen, who was re-elected in November, will leave office on April 30 after serving as the state treasurer since 2015, state officials said. I am grateful for the opportunity I have had to serve as treasurer of our great state, Damschen said in a statement. It has been an honor and a privilege to work alongside other state leaders to ensure Utah remains a leader in the nation for its broad fiscal and economic strength, to provide resources to empower Utahns to achieve financial and economic success and to protect individual property rights.