|Name||Joseph T. "Joe" Deters|
, Ohio , United States
|Last Modified||Wishful Thinking|
Jul 29, 2004 11:54am
|Info||Joseph T. Deters was elected Ohio’s 44th State Treasurer on November 3, 1998 and re-elected on November 5, 2002. Since taking office on January 11, 1999, he has placed safety of Ohio’s financial assets above all other priorities. |
As Treasurer, Joe Deters manages a staff of approximately 150, manages, safeguards, or invests some $150 billion in state funds, and serves as custodian for the accounts of Ohio's five public employee retirement systems and the state's workers' compensation account. He is also responsible for managing the state’s $12 billion investment portfolio. In September 2000, he implemented a revised investment policy that placed unprecedented safeguards over Treasury operations and helped achieve an all-time record of $400 million in investment earnings in Fiscal Year 2001. Under his leadership, the office surpassed $1 billion in interest earnings faster than any other administration in Ohio history.
Joe Deters is also committed to making the Ohio Treasurer of State's office a national model for efficiency and innovation through the use of the latest technology and modern banking practices. For example, in October 1999, Treasurer Deters launched BidOhio, the nation's first-ever competitive Internet auction for interim funds held by a state treasury. To date, BidOhio has generated more than $32 million in interest earnings, won five national awards for technological innovation, and served as the model for similar programs in several other states.
In order to share the Treasury's financial expertise with the people of Ohio, Treasurer Deters created "Women & Money" - a free financial-planning workshop designed to help women take more control over their financial future. Women & Money is on track to serve more than 7,000 Ohio women upon the completion of its third season in 2002. In addition, CommonSense - the Treasury's free, monthly online financial newsletter - is now read every month by more than 30,000 Ohioans.
Joe Deters began his career in public service in 1982 as an Assistant Hamilton County Prosecutor. He was subsequently elected to the positions of Hamilton County Clerk of Courts in 1988 and Hamilton County Prosecutor in 1992. Treasurer Deters has served as a member of the Board of Trustees of the University of Cincinnati and remains active in civic affairs, currently serving as a member of the Board of Trustees of the Southern Ohio Leukemia Foundation.
He is a graduate of the University of Cincinnati and the University of Cincinnati College of Law, which awarded him its Longworth Alumni Achievement Award for 1997. He and his wife, Missy, are the parents of three children.
||University of Cincinnati (The Ohio Poll)
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