HARRISBURG – Pennsylvania Treasurer Robin L. Wiessmann will invite the candidates for the office of Pennsylvania State Treasurer to attend a briefing session in her Harrisburg office. The purpose of the briefing session will be to inform the candidates and ensure the continuation of good governance and enhanced efficiency efforts as they relate to the Treasury Department and the services it provides for Pennsylvania’s stakeholders.
As a condition of her appointment by the Pennsylvania Senate, Wiessmann pledged to not run for a second term as Treasurer.
Wiessmann noted that a watchful eye towards governance is more important than ever, as standards of government accountability continue to increase, and requirements become ever more complex and stringent.
“Since my first day as Treasurer, it has been my goal to provide effective stewardship of the Commonwealth’s funds and investments through calm economic times as well as the rough seas we are currently experiencing,” Treasurer Wiessmann said. “It is critical that we ensure a seamless transition of administrations during this period of considerable economic volatility and market turbulence.”
Wiessmann plans to meet with her potential successors and give her thoughts on how the next administration can continue the best practices identified by Wiessmann and her staff to ensure Treasury adapts to today and tomorrow’s world.
“Throughout the years, the markets we invest in, the companies we select, and the investor's analysis of appropriateness have all changed radically,” Wiessmann said. “I believe that the concepts of fiduciary responsibility and prudence are not static, but rather are dynamic and continually evolving. And I believe that Pennsylvania’s Treasurer needs to be more than someone who pays the Commonwealth’s bills – that person needs to be active, transparent, conscientious and smart about investing.”
Wiessmann is consistently recognized for her extensive experience in public finance and investment banking. Most recently, she appeared before Congress to testify about the turmoil in the municipal bond marketplace and its effects on state and local government operations.
The Pennsylvania Treasury Department, under the leadership of Treasurer Robin L. Wiessmann, is a leader in changing the way treasuries do business. The Department and its employees are accountable for safeguarding the financial assets of all Pennsylvanians, serving as custodians, investors and disbursers of the Commonwealth’s funds. Treasury also helps Pennsylvanians achieve financial success through a variety of programs and services like the Unclaimed Property program, the nowU College Savings Program, the KeystoneHELP low-interest loan program,and the INVEST program for local governments and nonprofits. For more information about Treasurer Wiessmann and the Pennsylvania Treasury Department, visit www.patreasury.org .
###
