Colleen C. Davis was elected State Treasurer in November 2018 and re-elected to a second term in 2022. Since taking office, Treasurer Davis has focused on three main priorities: bolstering retirement security and readiness, creating pathways to economic empowerment, and promoting a culture of financial excellence. Highlights of her first term include maintaining Delaware’s AAA bond rating, increasing return on the state’s investments by more than $58 million, and creating Delaware Expanding Access to Retirement & Necessary Savings (EARNS), an Auto-IRA program for Delaware private-sector workers not otherwise covered by an employer-sponsored retirement plan.
She is a member of the National Association of State Treasurers (NAST) and was elected Eastern Region Vice President in August 2021. Treasurer Davis also sits on the Executive Board of the College Savings Plans Network (CSPN) and is a member of the Market Transparency Advisory Group (MTAG) of the Municipal Securities Rulemaking Board (MSRB).
In her official state capacity locally, Treasurer Davis serves on the Cash Management Policy Board, the Plans Management Board, the State Employees Benefit Committee (SEBC), the Government Efficiency and Accountability Review Board (GEAR), the Delaware Economic and Financial Advisory Council (DEFAC), the Agricultural Lands Preservation Board, the Delaware Council on Volunteer Fire Service, and the Board of Pardons. Treasurer Davis is also a member of the Southern Sussex Rotary Club.
Colleen believes in a strong community and wants to help the State of Delaware improve its quality of life and maintains those same values with regard to investments. In December 2021 she was a featured panelist during a Pensions & Investments conference on the importance money managers place on diversity and environmental, social, and governance (ESG). In February 2022, she hosted a live town hall meeting called, “Climate Bonds: The Wave of the Future?”
Previously, Colleen served as the Treasurer for the Delaware Physician Assistant Advocacy Group (DAPA), as a board member on the Advisory Board of Forge Life Sciences, and sat on the Board of Delaware Maritime Education. In conjunction with these achievements, Colleen has also served as a financial consultant to large medical institutions, as well as small independent practices. As such, she has created fiscal stability and improved positive patient outcomes, while saving millions of dollars in overall health care costs.
Over the years, she has volunteered locally, nationally, and internationally. When the COVID-19 pandemic began in 2020, Colleen helped distribute thousands of N95 masks and other pieces of personal protective equipment to area hospitals. She also helped coordinate the “Masked Superhero Project” for the Southern Sussex Rotary Club. After Nepal was struck by a 7.8 magnitude earthquake in April 2015, she went as a physician’s assistant to help people affected near Kathmandu. Colleen is a proven leader in Disaster Relief, Medical-Surgical practices, Pediatric Advanced Life Support (PALS), Emergency Medicine, Neurosurgery and Advanced Cardiac Life Support (ACLS).