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Home»Fund»DeSantis named Chris Spencer to lead Florida’s $238 billion investment fund, which includes the state’s pension system for public employees.florida
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DeSantis named Chris Spencer to lead Florida’s $238 billion investment fund, which includes the state’s pension system for public employees.florida

The Elite Times TeamBy The Elite Times TeamMarch 24, 2024No Comments2 Mins Read
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Governor Ron DeSantis has appointed Chris Spencer as executive director of the State Board of Supervisors (SBA).

The SBA is the investment organization that manages the state’s large investment funds, including the Florida Retirement System and the Florida Hurricane Disaster Fund.

This position is currently held by Lamar Taylor, who has served as interim chief since Ash Williams resigned in September 2021. Taylor will continue to serve as SBA’s permanent chief investment officer, according to the governor’s press release. Friday office.

Spencer has served as director of policy and budget in the Governor’s Executive Office since July 2019, where he has “managed the development and execution of a multibillion-dollar state budget,” according to a news release.

He previously served as a legislative aide for former Pinellas County Republican State Sen. Jeff Brandes for more than five years.

According to his LinkedIn page, he left Brandes’ office for a year to work as a government consultant at Gray Robinson Law Firm before being hired as an economic policy advisor to DeSantis’ transition team in November 2018.

“In his capacity as governor, Chris has consistently demonstrated an outstanding ability to navigate complex policy situations with insight and integrity,” Brandes told The Phoenix on Friday.

“His nomination as executive director of the State Executive Board demonstrates his unwavering commitment to public service and unparalleled understanding of the state’s fiscal and administrative needs,” Brandes said in a text message. .

“I am confident that under Chris’ leadership, the State Board of Supervisors will achieve new heights of excellence and benefit all Floridians through thoughtful stewardship and visionary leadership.”

According to FSU, Mr. Spencer earned three bachelor’s degrees from Florida State University in 2009: a bachelor’s degree in economics, a bachelor’s degree in international affairs and a bachelor’s degree in political science.

The Florida SBA’s total value was valued at nearly $238 billion as of June 30, 2023, including $200.2 billion in state pension and public employee investment plans, according to a legislative analysis released last month. This includes 84% ​​of assets under management.

Spencer’s nomination will go before SBA board members DeSantis, Attorney General Ashley Moody and Chief Financial Officer Jimmy Patronis for final approval on March 26.


This article was published on the website of The Florida Phoenix, a nonprofit news organization specializing in reporting on state government and politics in Tallahassee.

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