Stephanie D. Neely was the Treasurer of the City of Chicago, Illinois. She was appointed as Treasurer for the City of Chicago in October 2006, and was sworn in December 2006. Neely was reelected to a second term in February 2011. Neely resigned to return to the private sector on November 30, 2014. In 2015, she became vice president of treasury for

Allstate Insurance Company The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993 but still partially owned by ...

, where she oversees corporate finance and commercial banking.

Early life and career

Stephanie Neely is a native Chicagoan. Neely's father owned and operated a successful chain of gas stations located on the southside of Chicago. Neely attended

Smith College Smith College is a Private university, private Liberal arts colleges in the United States, liberal arts Women's colleges in the United States, women's college in Northampton, Massachusetts. It was chartered in 1871 by Sophia Smith (Smith College ...

and graduated with a bachelor's in economics in 1985. She later earned a M.B.A. from University of Chicago. Prior to serving as City Treasurer, Neely served as Vice President at Northern Trust Global Investments. Neely accumulated more than 20 years of private-sector financial experience before being appointed City Treasurer. In 2004, Mayor Daley chose Stephanie Neely to serve on the Illinois Sports Facilities Authority.

Treasurer

On November 8, 2006, Mayor Richard M. Daley appointed Neely the Chicago City Treasurer to take office December 4, 2006. A week later, she was confirmed by the Chicago City Council on November 15, 2006. Neely succeeded

Judith Rice Judith Rice (born July 30, 1957) is an American politician who served as Chicago City Treasurer from 2000 to 2006 and has served as a judge on the Circuit Court of Cook County 7th sub-circuit since 2014. Early life Rice was born July 30, 1957 ...

, who stepped down from the position effective December 1, 2006, to rejoin Daley's administration as a deputy mayor. Pursuant to her role as City Treasurer, Neely maintained a $7 billion portfolio and tracked the balances on all City accounts. The City pension fund has posted double-digit returns on pension fund investments during Neely's tenure. In addition to her duties as Treasurer, Neely serves as trustee on the City’s five public

pension A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

boards. Programs operated by the Treasurer's Office during Neely's tenure included

Small Business Small businesses are types of corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to ap ...

Development Loans, Financial Literacy programs in Chicago Public Schools, and free seminars on using social media to build small business. In 2013, while Treasurer, Neely was considered a finalist to be Pat Quinn's running mate in the

2014 Illinois gubernatorial election The 2014 Illinois gubernatorial election was held on November 4, 2014, to elect the Governor and Lieutenant Governor of Illinois, concurrently with the election to Illinois's Class II U.S. Senate seat, as well as other elections to the United ...

after then-incumbent Lieutenant Governor

Sheila Simon Sheila J. Simon (born March 13, 1961) is an American politician who served as the 46th Lieutenant Governor of Illinois, from 2011 to 2015. In 2014, she was the Democratic nominee for Illinois State Comptroller, losing to Republican incumbent Jud ...

opted to run for Illinois Comptroller. Quinn ultimately chose

Paul Vallas Paul Gust Vallas (born June 10, 1953) is an American politician and former superintendent of the Bridgeport Public Schools and the Recovery School District of Louisiana, former CEO of both the School District of Philadelphia and the Chicago Public ...

References

External links

* http://www.chicagocitytreasurer.com * https://web.archive.org/web/20140812043610/http://www.chicagocitytreasurer.com/treasurer-stephanie-d-neely/ Year of birth missing (living people) Living people Women in Illinois politics Smith College alumni University of Chicago Booth School of Business alumni City Treasurers of Chicago Illinois Democrats Businesspeople from Chicago 21st-century American women {{illinois-politician-stub