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.
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Deseret News
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Silas Walker, Deseret News
Utah’s state treasurer on Monday announced his resignation, effective April 30.
Utah State Treasurer David Damschen was selected by the Utah Housing Corporation board of trustees to take the position as president and CEO of the Utah Housing Corporation starting May 3, according to a news release issued by the Utah Office of State Treasurer.
Damschen will take the position in place of Grant Whitaker, the Utah Housing Corporation’s current president and CEO, who is retiring after 42 years with the organization and 12 years as its leader.
Damschen will take the helm of the corporation, which was created by state lawmakers in 1975 with a mission to provide affordable financing of single-family homes and apartments for people with low and moderate income.