State Treasurer David Damschen
David Damschen was appointed State Treasurer December 11, 2015. As State Treasurer, he is responsible for the treasury and cash management functions of the state, the investment of public funds, including the $11 billion Public Treasurers’ Investment Fund, the issuance of all general obligation and lease revenue bonds authorized by the state legislature, and the administration of the Unclaimed Property Division.
Mr. Damschen also serves on various boards and commissions as required by statute. These assignments include the Utah Retirement Systems Board, School and Institutional Trust Fund Board of Trustees, Private Activity Bond Authority Board, Utah Science Technology and Research (USTAR) Governing Board, Utah Capital Investment Board, Permanent Community Impact Board, State Bonding Commission, State Building Ownership Authority, Utah Charter School Finance Authority and several other boards and commissions.
Prior to becoming state treasurer, Mr. Damschen served seven years as the chief deputy state treasurer under his predecessor, Richard Ellis.
Prior to joining the treasurer’s office in 2009, Mr. Damschen was the senior vice president and director of treasury management services at a pacific northwest regional bank, having previously worked 17 years in the institutional trust & custody, treasury management, and retail divisions of U.S. Bank.
A veteran of the United States Coast Guard, David holds a bachelor’s degree in finance from the University of Washington’s Foster School of Business.
He is a past president of the Association for Financial Professionals of Utah, and spends his winter weekends serving as a volunteer member of the Powder Mountain Ski Patrol.
Mr. Damschen is originally from Boise, Idaho. He and his wife, Jody, have lived in Layton, Utah, for nearly 20 years where they raised their three children.