PROVIDENCE, RI – General Treasurer Seth Magaziner today announced his selections of Francis J. Quinn as the State of Rhode Island's first Debt Manager, and Tim Nguyen as the state pension system's Interim Chief Investment Officer.
Quinn is a senior banker with more than 30 years of experience in public finance for a variety of investment banks, responsible for creating and leading banking efforts for general obligation, lease revenue, surface transportation, aviation, public power, water and sewer, and higher education projects.
Quinn most recently served as a principal for The Williams Capital Group, L.P., in New York City, where he managed the firm's public finance investment banking relationships with the states of Rhode Island, Massachusetts, New Jersey, Ohio, Texas, and Wisconsin, and co-managed the firm's relationship with the California State Treasurer's Office. He previously served as a managing director/manager of public finance for Gardner Rich LLC, and as Bear, Stearns & Co.'s managing director for public finance.
At Rhode Island Treasury, Quinn will serve as the State's first debt manager, following successful passage by the General Assembly of legislation championed by Treasurer Magaziner to fund the new position to strengthen the management and oversight of public debt in Rhode Island.
"Frank Quinn has an impressive record of accomplishment and expertise in public sector finance, and he is eminently qualified to serve as the State of Rhode Island's first debt manager," Treasurer Magaziner said. "At Treasury, Frank will work every day to strengthen the oversight of debt issued by municipalities and quasi-public agencies as well as the State. I thank Governor Gina M. Raimondo, House Speaker Nicholas Mattiello, Senate President M. Teresa Paiva Weed and the members of the General Assembly for providing the Treasurer's Office with resources to strengthen the management and oversight of public debt in Rhode Island."
Treasurer Magaziner also announced the appointment of Tim Nguyen as the Employees' Retirement System of Rhode Island's Interim Chief Investment Officer. Nguyen is the former CIO of the University of Connecticut's endowment, and is an adjunct professor of finance at Brown. His appointment comes as current CIO Anne-Marie Fink transitions to the private sector on July 14.
"Tim Nguyen comes to the Employees' Retirement System of Rhode Island with more than 24 years of experience in the world of finance. I thank Tim for his commitment to serving as interim Chief Investment Officer," Treasurer Magaziner said. "We have been lucky to have such a talented, smart and hard-working CIO as Anne-Marie Fink, and wish her the best in her future endeavors."