- Subject
- 1. Election of University Treasurer and Chief Investment Officer, Associate Vice President; University of Colorado System (APPROVED)
- Meeting
- Dec 16, 2020 - Special Board Meeting
- Category
- A. 12:00 p.m. WEDNESDAY, DECEMBER 16, 2020 - CALL TO ORDER/PUBLIC MEETING
- Type
- ACTION, University of Colorado System
- Recommended Action
- RESOLVED that Phong (Tony) Thanh Vu is elected Treasurer, Chief Investment Officer, and Associate Vice President for Budget and Finance of the University of Colorado, in accordance with section 23-20-109, Colorado Revised Statutes, effective January 19, 2021, with a fiscal year salary for the position of $260,000.
FURTHER RESOLVED upon the effective date of his election as treasurer, Phong (Tony) T. Vu is authorized by the Board of Regents to act on behalf of the board in all matters in connection with the Regents of the University of Colorado University Enterprise Revenue Bonds, specifically as one of the Buyer's and Issuer's representative with respect to all Master Repurchase Agreements, Investment Repurchase Agreements, Guarantee Investment Contracts, and Federally Insured Cash Accounts and Valuation Services Agreements.
FURTHER RESOLVED upon the effective date of his election as treasurer, Phong (Tony) T. Vu is authorized to hold all university moneys and securities and shall manage, invest, and account for these assets per Board of Regents law.
FURTHER RESOLVED upon the effective date of his election as treasurer, Phong (Tony) T. Vu is authorized to act in all other matters as the university treasurer with the authority provided to or required of the treasurer by federal or state law, rule, or regulation or by Board Law, policy, resolution, or other university policy, rule, regulation, or contract.
RECOMMENDATION FROM:
The Board of Regents, in consultation with President Kennedy.
STATEMENT OF INFORMATION:
Section 23-20-109, Colorado Revised Statutes, requires the Board of Regents to elect a treasurer to serve at the pleasure of the board and to perform the duties described in the statue. By this action, the board complies with its statutory responsibility.
Mr. Vu comes to CU from Miami-Dade County Public Schools, the fourth-largest school district in the nation, where he is Treasurer and an Assistant Superintendent. In that role, he oversees cash, banking, investment, debt, and financial service relationships. He volunteers on several local Boards, including on the Board of Trustees for a $5 billion local government investment pool. Previously, he was Treasurer and Assistant Vice President at Florida International University from 2009 to 2017. He held senior finance manager roles at several organizations since 2001. Mr. Vu earned an MBA in Finance and a BS in Business Administration and Finance from the University of Florida.
PREVIOUS ACTION(S):
On July 30, 1992, Vice President Glen R. Stine was elected Treasurer effective August 20,1992, on an interim basis, pending the search for a new University Treasurer.
On January 21, 1993, Judith H. Van Gorden was elected Treasurer and Associate Vice President for Budget and Finance, effective March 1, 1993.
On August 12, 2003, the Board of Regents certified Treasurer Judith H. Van Gorden as the board representative for the Series 2003A and Series 2003B Certificates of Participation issued through the Colorado Capital Leasing Corporation.
On June 30, 2004, Vice President Stephen T. Golding was elected Interim Treasurer.
On April 28, 2005, Interim Vice President John W. Bliss was elected Interim Treasurer.
On August 4, 2005, Donald A. Eldhart was elected Treasurer, Chief Investment Officer, and Associate Vice President for Budget and Finance.
On August 12, 2015, Dan J. Wilson was elected Treasurer, Chief Investment Officer, and Associate Vice President for Budget and Finance.
CHAIRMAN'S SIGNATURE:
PRESIDENT'S SIGNATURE:
FURTHER RESOLVED upon the effective date of his election as treasurer, Phong (Tony) T. Vu is authorized by the Board of Regents to act on behalf of the board in all matters in connection with the Regents of the University of Colorado University Enterprise Revenue Bonds, specifically as one of the Buyer's and Issuer's representative with respect to all Master Repurchase Agreements, Investment Repurchase Agreements, Guarantee Investment Contracts, and Federally Insured Cash Accounts and Valuation Services Agreements.
FURTHER RESOLVED upon the effective date of his election as treasurer, Phong (Tony) T. Vu is authorized to hold all university moneys and securities and shall manage, invest, and account for these assets per Board of Regents law.
FURTHER RESOLVED upon the effective date of his election as treasurer, Phong (Tony) T. Vu is authorized to act in all other matters as the university treasurer with the authority provided to or required of the treasurer by federal or state law, rule, or regulation or by Board Law, policy, resolution, or other university policy, rule, regulation, or contract.