About the Treasurer - Richard K. Ellis

Portrait of Richard Ellis

Richard Ellis was elected State Treasurer November 4, 2008 and took office January 5, 2009. As State Treasurer, he is responsible for the treasury and cash management functions of the State, investment of State funds and the Public Treasurers’ Investment Fund, the issuance of all general obligation and revenue bonds authorized by the State legislature, and administering the Unclaimed Property program.

The State Treasurer also sits on various boards and commissions as required by statute. These assignments include the Utah Retirement System Board, Permanent Community Impact Board, Private Activity Bond Authority, Utah Science Technology and Research (USTAR) Governing Authority, Utah Capital Investment Board, Utah Communications Agency Network Board, State Bonding Commission, State Building Ownership Authority, State Charter School Finance Authority and several other boards and commissions.

Prior to becoming State Treasurer, Mr. Ellis served nine years as the Chief Deputy State Treasurer under his predecessor, Ed Alter. Mr. Ellis’s other State experience includes three years as the Director of the Governor’s Office of Management and Budget under Governors Jon M. Huntsman, Jr. and Olene S. Walker, and as the Executive Director of the Department of Administrative Services.

His career has focused on public finance with experience as the first Finance Director for Draper City, an investment banker with Dougherty, Dawkins, Strand & Bigelow, and as the Assistant Treasurer with the Jordan Valley Water Conservancy District. In total, Mr. Ellis has over 25 years of experience in public finance.

Mr. Ellis received his Master of Business Administration degree from the University of Utah in 1990. He completed his undergraduate work at Brigham Young University where he received a Bachelor of Science degree in Business Management with a Finance emphasis. He teaches Cash Management and Investments as an adjunct faculty member of Brigham Young University’s Marriott School of Business.

Mr. Ellis was born and raised in Klamath Falls, Oregon. He and his wife, Joyce, have lived in West Jordan, Utah for more than 20 years where they have raised their six boys.