OST Hires Jason P. Richter as New Deputy Treasurer for Debt Management

Jason-Richter---swearing-in
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OLYMPIA, WA – The Washington State Treasurer’s Office is pleased to announce the hire of Jason P. Richter as the new Deputy Treasurer for Debt Management. Within the role, Richter will be a part of the Office of the State Treasurer’s (OST) Executive Leadership Team which provides strategic leadership and tactical planning to support the successful implementation of the OST’s polices, goals and objections. In addition, Richter will also ensure that both short and long-term debt incurred by the state is within constitutional and statutory limitations, he will manage the preparation of debt offering documents and will direct and supervise the marketing and issuance of state debt obligations.

Richter comes to OST with more than 19 years of public finance experience. Most recently he served as the Vice President of Public Finance with Loop Capital Markets LLC. Los Angeles, a full-service investment bank, brokerage and advisory firm for corporate, government and institutional entities. As Vice President of Public Finance Richter led the firm’s investment banking services for California and Arizona municipalities while focusing on local cities, counties, education, transportation and state bonds.

Prior to joining Loop Capital Markets 2011, Richter served as Associate Director for Public Finance with Gardner, Underwood & Bacon LLC where he provided advisory services to municipalities on competitive debt financing, which included short-term cash flow borrowing, long-term project financing, and refinancings.

Richter enjoys being outdoors, mountain biking, road cycling, backpacking, and skiing. In 2010, he rode a motorcycle solo from Buenos Aries Argentina to Tierra del Fuego, then back to California traveling more than 20,000 miles in over six months.

The Debt Management division of OST leads the state’s efforts to issue bonds and enter into other financing contracts that support capital construction and transportation projects throughout the state. The department is tasked with producing the annual Debt Affordability Study as well as the issuance of debt at low cost and risk.