Hon. Denise Nappier
Denise Lynn Nappier is the first African-American woman elected to serve as a State Treasurer in the U.S. and the first African-American woman elected to a statewide office in Connecticut. Elected in 1998 and re-elected in 2002, 2006, 2010 and 2014, Ms. Nappier is also the only woman to be elected Treasurer in Connecticut history.
As Connecticut’s chief elected financial officer, Ms. Nappier oversaw $65 billion in state funds, including $35 billion in Connecticut Retirement Plans and Trust Funds, of which she served as principal fiduciary. Ms. Nappier’s ingenuity and prudent management of the state’s debt program saved Connecticut taxpayers more than $1.3 billion, and the Treasury’s $5 billion Short-Term Investment Fund – rated as one of the nation’s best government investment pools – earned the state and local governments and their taxpayers an additional $216 million. Her innovative and effective leadership saved Connecticut taxpayers hundreds of millions of dollars, and her asset recovery and loss prevention program – the first of its kind in Treasury history – recovered more than $1 billion for the Connecticut pension fund and nearly half a billion dollars for investors nationwide.
One of the nation’s leading institutional investors working for corporate reform, Ms. Nappier has successfully negotiated with companies for landmark agreements on issues including executive compensation, conflicts of interest in accounting practices, independence and diversity of Board Members, global labor standards and disclosure of financial risks of climate change.
Ms. Nappier served five elected terms as Treasurer of the National Association of State Treasurers, and is a Board Member of the National Association of Corporate Directors, Connecticut Chapter – the first public fund investor to serve in that capacity.
The Hartford native served as City Treasurer for nearly 10 years, having been elected to five consecutive terms. She has a broad-ranging background in finance, public policy and administration, legislative affairs and urban planning; having served as Executive Director of Riverfront Recapture, Inc., an organization that successfully spearheaded the redevelopment of Greater Hartford’s riverfront area. She also served as a consultant in the Connecticut Office of Policy and Management, the Governor’s budget office, and as a U.S. Housing and Urban Development Department Fellow.
Ms. Nappier holds a bachelor’s degree from Virginia State University and a master’s degree from the University of Cincinnati, and has received numerous honorary degrees. Among her awards and recognitions, she was named as one of the nation’s 100 Most Influential People in Finance by Treasury & Risk Management magazine and one of the 50 Most Powerful Black Women in Business by Black Enterprise. In addition, Ms. Nappier received the prestigious Legend Award from Plan Sponsor magazine and the Award for Women in Government from Good Housekeeping magazine in recognition of her advocacy of responsible corporate behavior and high standards of ethics and integrity.