Communications

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View all recent press releases published by the Department of Treasury

Media Contact: Shelli King, Director of Communications

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Centertown becomes first Tennessee city to offer Length of Service Award Program to Volunteer Firefighters

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The City of Centertown is the first Tennessee municipality to adopt the new State of Tennessee Length of Service Award Program for Volunteers offered to local communities to recruit, retain, and reward volunteer firefighters for their commitment.

Portrait of fallen soldier, Staff Sgt. Ryan Christian Knauss, to hang in Gibbs High School

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Corryton, TN (Knox Co.) – Lt. Governor Randy McNally, Senator Becky Massey, Representative Dave Wright, Representative Michelle Carringer, and Treasurer David H. Lillard, Jr., recently presented a portrait memorializing U.S. Army Staff Sergeant Ryan Christian Knauss during a special ceremony to honor the memory of the Gibbs High School graduate. Accompanying the portrait is a framed resolution passed by the Tennessee General Assembly. 

Tennessee Financial Literacy Commission and University of Tennessee Celebrate Money Week

The Tennessee Financial Literacy Commission celebrated Money Week at Union Grove Elementary School in Blount County on Wednesday, May 11, 2022.

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Friendsville, TN – The Tennessee Financial Literacy Commission celebrated Money Week at Union Grove Elementary School in Blount County on Wednesday, May 11, 2022.

Tennessee’s Criminal Injuries Compensation Program has paid over $344 million to victims

Criminal Injuries Compensation program, which provides last resort funds to help restore TN victims, is recognizing National Crime Victims’ Rights Week this month

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The Tennessee Department of Treasury’s Criminal Injuries Compensation Program has paid more than $344 million to victims over the past 40 years since the program’s inception in 1982.

Thomas Kim named Deputy CIO of Treasury Investments Division

The Tennessee Department of Treasury has named Thomas Kim as its new Deputy Chief Investment Officer.

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NASHVILLE - The Tennessee Department of Treasury has named Thomas Kim as its new Deputy Chief Investment Officer.

Mr. Kim, who has served as Director of Fixed Income since 2015, will now assist Chief Investment Officer Michael Brakebill in leading the Treasury Investments Division, which is responsible for internally managing over $82.2 billion in state assets, including the Tennessee Consolidated Retirement System (TCRS) valued at over $53.4 billion.

“I am honored to be able to serve Tennesseans in this capacity,” Mr. Kim said. “I want to thank CIO Brakebill and Treasurer Lillard for giving me this opportunity, and I look forward to assisting the investment team any way I can.”

Mr. Kim is a Chartered Financial Analyst (CFA) responsible for managing and supervising the fixed income division of the TCRS. He was hired at Treasury in 2010 as a senior portfolio manager to manage the corporate bond portfolio at TCRS. Mr. Kim has nearly 25 years of investment experience in fixed income and equity.

“Thomas Kim has proven to be an excellent leader and investor as our Director of Fixed Income,” Mr. Brakebill said. “I frequently look to him for advice. We have worked closely as investors and managers for a number of years, and I look forward to his contributions in this expanded role.”

Mr. Kim came to Treasury with nearly 15 years of private sector experience in asset management for fixed income and equities. He began his career at Legg Mason as an associate equity analyst. After leaving Legg Mason, he oversaw a credit bond portfolio for ASB Capital Management and then Calvert Group in Washington, D.C. He then managed a credit research department to support mutual funds at MTB Investment Advisors (now Wilmington Trust). He holds an MBA from the University of Maryland-College Park and earned a BA from Towson University.

"Thomas Kim has repeatedly demonstrated his ability as a disciplined, insightful investor in these times of volatile markets and, as Deputy CIO, will be the perfect addition to the leadership of the excellent investment team our CIO Michael Brakebill has assembled," said Tennessee State Treasurer David H. Lillard, Jr.

 

About the Treasury Investments Division

The Tennessee Department of Treasury is responsible for many of the financial operations of state government, including managing and overseeing more than $82.2 billion in assets through its various investment programs, the largest of which is the Tennessee Consolidated Retirement System valued at $53.4 billion. Treasury’s Investment Division is comprised of 36 professionals with extensive education, professional training and designations to manage its investments. The department achieves investment returns consistent with its peers while maintaining an investment expense among the lowest in the southeast. For more information on the Investments Division, visit treasury.tn.gov/Investments.

 

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Improving the Financial Outlook for Tennessee’s Children

September is College Savings Month, a time to encourage families to save and invest for the future costs of higher education.

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As your State Treasurer, my job is to responsibly manage our state’s financial resources. My personal goal is to lead all Tennesseans toward sound financial management in their own lives. I believe the key to improving the financial outlook of Tennesseans begins with getting our young people on the path to post-secondary education which helps qualify them to enter the 21st-century workplace that Tennessee needs. That path begins with saving.

Treasurer Lillard Appointed to Financial Accounting Foundation Board

Tennessee State Treasurer David H. Lillard, Jr. has been appointed to the Board of Trustees of the Financial Accounting Foundation.

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Tennessee State Treasurer David H. Lillard, Jr. has been appointed to the Board of Trustees of the Financial Accounting Foundation.

In the decade he has served as one of Tennessee’s three constitutional officers, Treasurer Lillard has worked to advocate for Tennessee through his financial leadership roles in national organizations. He served as President of the National Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) in 2016-2017, and was a recipient of the 2012 NASACT President’s Award recognizing outstanding service. In 2015, he served as the President of the National Association of State Treasurers (NAST). He has represented NAST on the Governmental Accounting Standards Advisory Council (GASAC).