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CFO Sink Names Daniel Fasciano as New Director of Treasury

11/16/2009

CONTACT: Kyra Jennings or Kevin Cate, (850) 413-2842
 
TALLAHASSEE – Florida CFO Alex Sink announced the appointment of Daniel Fasciano as the new director of the Division of Treasury in the Department of Financial Services, which oversees the State of Florida’s financial assets.  Fasciano is a seasoned institutional fixed income director with a strong performance record at globally recognized finance and investment firms.  CFO Sink also commended the decades of exceptional public service by retiring Treasury Director Bruce Gillander. 
 
“Daniel Fasciano brings world class experience to the Division of Treasury, and will be a strong steward of our state’s financial assets on behalf of the Florida taxpayers,” said CFO Sink.  “He has big shoes to fill, as he follows an outstanding public servant in outgoing director, Bruce Gillander.”
 
“I am honored to serve the people of Florida in such an important role overseeing their tax dollars, and I thank CFO Sink for this opportunity,” said Fasciano.
 
Fasciano joins the Division of Treasury after serving as the head of U.S. fixed income and senior portfolio manager at Aviva Investors/Morley Fund Management in Boston from 2002-2008.  Fasciano also served the Boston Security Analysts Society as a member of the board of directors, an executive committee member, the treasurer, and vice president of education from 2007-2009.  Prior to joining Aviva, Fasciano spent twelve years at Mellon Financial Corporation/The Boston Company in Boston, rising to director of taxable fixed income.  Fasciano holds an MBA from Boston University and a Bachelor of Arts in Political Science from University of New Hampshire.
 
Retiring Director Bruce Gillander has served the citizens of Florida with pride and distinction for over 30 years, joining the Division of Treasury in 1979.  Since May 1, 2003 Gillander has been the Director of the Division of Treasury, managing the state’s financial assets.
 
As Director of the Division of Treasury, Fasciano will oversee the operational monies and other financial assets of the State of Florida and three bureau offices, consisting of the Bureau of Funds Management, the Bureau of Collateral Management, and the Bureau of Deferred Compensation.  The Division also assists state employees with preparing for financial security during their retirement years.  CFO Sink is the constitutional officer with the fiduciary responsibility over the Division of Treasury.  For more information regarding the Division of Treasury, visit www.fltreasury.org.
 
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As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful businesswoman with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  As CFO, Sink's priorities include using her business experience to cut wasteful government spending, cracking down on financial and insurance fraud and reforming the state government's contracting practices.