Treasurer-Tax Collector Hires New Chief Deputy to Head Treasury Operations
San Diego County Treasurer-Tax Collector Dan McAllister announced today he has hired a new Chief Deputy of the Treasury to oversee operations of the County’s $10 billion investment pool.
Thomas Paolicelli comes to San Diego from the New York City Municipal Water Finance Authority, where he has served as executive director since August 2008.
“Thomas outshined hundreds of candidates by demonstrating his dedication to safety, liquidity and returns with prudent risk management: the three things we value most highly in the Treasury,” said McAllister.
While in New York, Paolicelli directed operations of the authority’s $2.2 billion revenue and debt service budget and $50 million expense budget. He managed a portfolio of more than $30 billion in debt.
Originally a civil engineer by trade, Paolicelli also worked as a vice president and senior analyst for Moody’s Investors Service, developing municipal rating methodologies, credit research and opinions for project finance and infrastructure revenue bonds. His background will help maintain the pool’s high credit rating, as well as aid his work with the County administration and school districts on their debt issuance and ratings.
The County Treasury offers banking services to more than 200 public agencies in the San Diego region that invest their assets in the County pool. Those agencies include 42 public school districts, 5 community college districts, SANDAG, the San Diego Regional Airport Authority, the Metropolitan Transit System, cities and other special districts.
McAllister welcomes Paolicelli to the office and feels strongly that their goals are synchronized to prioritize customer service for pool participants and to expand the investment pool to other agencies.
“The investment pool is a really tremendous County asset, and Tom will help us continue to be competitive and deliver strong returns in what could be volatile markets in the coming year, while being a strong partner to the agencies we serve,” McAllister said.
To learn more about the County Treasury, see the introductory video below.