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Seth Magaziner

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Governor  Gina Raimondo
Political party  Democratic Party
Name  Seth Magaziner
Website  Official website
Preceded by  Gina Raimondo

Seth Magaziner httpsuploadwikimediaorgwikipediacommonsthu

Full Name  Seth Michael Magaziner
Born  July 22, 1983 (age 32) Bristol, Rhode Island, U.S. (1983-07-22)
Alma mater  Brown University Yale University
Education  Brown University, Yale University, Yale School of Management
Similar People  Frank T Caprio, Gina Raimondo, Ira Magaziner, Peter Kilmartin

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Seth Magaziner (born July 22, 1983) is an American investment professional and the current General Treasurer of the State of Rhode Island.

Contents

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Early life and education

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Magaziner is a native of Bristol, Rhode Island and the son of Bill Clinton policy advisor Ira Magaziner. He graduated from Milton Academy in Milton, Massachusetts in 2002. He then attended Brown University in Providence, Rhode Island, where he served as president of the Brown University Democrats, president of the College Democrats of Rhode Island and served on the Brown University Steering Committee on Slavery and Justice.

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Magaziner received a Master of Business Administration from the Yale School of Management, in New Haven, Connecticut.

Career

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Magaziner worked as Elementary School teacher at Creswell Elementary School in Hurricane Katrina ravaged Opelousas, Louisiana from 2006-2008, as a Teach for America Corps member. In 2009, he worked as an associate at Point Judith Capital, a Rhode Island based venture capital firm.

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After graduate school, Magaziner went to work at Trillium Asset Management, a Boston, Massachusetts based socially responsible investment firm, as a vice president and lead analyst for energy, banking, and diversified financial sector investment.

Rhode Island General Treasurer

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On October 22, 2013, Magaziner announced his intention to run for Rhode Island General Treasurer in an online announcement video. He won the Democratic nomination in the September 9 primary election, defeating former Treasurer Frank Caprio. Magaziner was elected on in the November 2014 general election, defeating independent candidate Ernest A. Almonte.

In his first months in office, Magaziner developed a plan to establish the Rhode Island Infrastructure Bank (RIIB) to finance green infrastructure projects. The agency was created in June 2015 by the Rhode Island General Assembly. Magaziner also worked with the governor and the state legislature to establish tax-efficient savings accounts for Rhode Islanders with developmental and other disabilities.

In June 2015, Magaziner launched a transparency initiative for the Employees’ Retirement System of Rhode Island (ERSRI) that former U.S. Securities and Exchange Chairman Arthur Levitt Jr. called a national model for public pension system transparency.

In November 2015, Magaziner announced the selection of Ascensus College Savings and Invesco as the new managers of the CollegeBoundfund, Rhode Island’s $7.4 billion 529 college savings program. The Treasurer’s Office also announced it was pursuing two class action lawsuits against fossil fuel industry companies BP and Plains All American for oil spills that allegedly harmed investors and the environment.

In February 2016, Magaziner was selected to serve as the 2016 Chairman of the Financial Literacy Committee for the National Association of State Treasurers (NAST).

Community service

Magaziner serves on the board of directors of Crossroads Rhode Island, the state's leading homeless service organization. He previously served on the boards of directors of Serve Rhode Island, which administers AmeriCorps programs in the state, and of Common Cause Rhode Island.

Magaziner was active in the successful campaign for marriage equality in Rhode Island. He serves as a board member of Marriage Equality Rhode Island, and served as treasurer of the pro-equality group and political action committee, Fight Back RI.

References

Seth Magaziner Wikipedia