Treasurer David Damschen, Utah
2018 NAST Senior Vice President
David Damschen was appointed as Utah’s 25th state treasurer by Utah Governor Gary Herbert on December 11, 2015 to complete the final year of his predecessor’s term, and was re-elected on November 8, 2016.
As state treasurer, David is responsible for the state’s banking, cash and debt management, investment of public funds (including the $12 billion Public Treasurers’ Investment Fund), and administration of Utah’s Unclaimed Property Division.
David also serves on seventeen governing boards and commissions, including Utah Retirement Systems, the Utah State Bonding Commission, the School and Institutional Trust Fund, Utah Housing Corporation, Permanent Community Impact Board, Utah Navajo Trust Fund, and the Utah Capital Investment Board.
Prior to becoming state treasurer, David served for seven years as Utah’s chief deputy state treasurer.
Before entering public service, David was Senior Vice President and Director of Treasury Management Services at American West Bank. He spent most of his 20 years in the banking industry in the institutional trust & custody, treasury management, and retail divisions of U.S. Bank.
A veteran of the U.S. Coast Guard, David holds a degree in finance from the University of Washington’s Foster School of Business and the Certified Treasury Professional (CTP) credential. He was inducted into the University of Washington’s chapter of Beta Gamma Sigma.
He is a past president of the Association for Financial Professionals of Utah, and spends his winter weekends serving as a volunteer member of the Powder Mountain Ski Patrol. David and his wife Jody raised their three children in Layton, Utah.