State Treasurer Colleen Davis on Friday announced changes to her leadership team in the Office of the State Treasurer (OST).
Liza Davis, who has served as Deputy State Treasurer since 2019, has left OST to become the University of Pennsylvania’s new Associate Vice President for Finance and Treasury Management.
In her time as Deputy State Treasurer, Davis was responsible for supporting the oversight of daily operations of the office including managing the staff, assisting with oversight of an annual operating budget of $6 million, assisting with the cash and debt investment portfolio, and supporting supervision of tax-advantaged savings plans. Prior to her tenure as Deputy, Davis served as a Policy Advisor to the State Treasurer.
“Liza’s departure is the definition of ‘bittersweet,’” said Treasurer Davis. “While I am thrilled for her taking on her new responsibility, I along with everyone in the office will miss her professionalism, her work, and her presence as a guiding light. We offer both our gratitude and congratulations, and hope she realizes how much she improved our lives as a colleague and friend, but also how she improved the lives of every single Delawarean through her work.”
Jordan Seemans, who spent the past three years as the Treasurer’s Director of Policy and Communications, will replace Davis as Deputy State Treasurer. Prior to joining the Office of the State Treasurer in 2020, Seemans served as the Director of Legislative Affairs in the Office of Governor John Carney.
Since coming to the Office of the State Treasurer, Seemans made an immediate impact on the policy development and community engagement of the office. Seemans helped lead the development, drafting, and passing of the Delaware Expanding Access for Retirement and Necessary Saving (“EARNS”) Act, a milestone achievement that will help thousands of Delaware employees realize retirement security. Additionally, he oversaw the successful passage of various other legislative initiatives including a new tax deduction for the DE529 and DEPENDABLE plans. He was also instrumental in the creation of the Aspire529 program, a new program for youth experiencing or aging out of the foster care system to help them pay for expenses related to college or vocational training.
“Jordan truly has an appreciation for the work that takes place in this office. He dedicates himself in being approachable and pragmatic, and the energy and optimism that he brings with him is a critical part to the office’s success now and into the future. We are an agency that can have a tremendous positive impact on the lives of Delawareans, and that’s what drives this office every day.”
The change in the Deputy Treasurer position follows other recent promotions. Lisa Embert, the former Director of the Reconciliations & Transaction Management (RTM) Division became OST’s Chief Operating Officer after the previous C.O.O. Daniel Madrid took a position as the Deputy Director of Government Efficiency and Accountability Review (GEAR) within the Department of Finance. Brennon Fountain has taken over as RTM Division Director after serving as Controller II.