News

Oregon Treasury: New Robert W. Straub Fellowships seek to attract exceptional talent to PSU to help Oregonians to be more financially secure
Author: Oregon State Treasury Communications and Stakeholder Relations
Posted: October 25, 2017

Read the original news release at the Oregon State Treasury.

State Treasurer Tobias Read announced Tuesday the creation of the Robert W. Straub Fellowships program, which seeks to attract exceptional talent to help Oregonians to be more financially secure.

The program is a new partnership between the Oregon State Treasury and Portland State University and includes two paid internships: a 10-week summer fellowship and an eight-month residency. Candidates are graduate business or government students -- from Oregon or elsewhere -- who have an interest in the nexus of financial business and public service.

“More than ever, the success of government relies on financial and business expertise,” said Treasurer Read. “To meet the challenges of the future, Oregon will need motivated, talented and diverse visionaries who will become our next public finance leaders.”

Treasury is the state’s financial hub and manages billions of dollars in investments, public bonding, banking and finance programs. About a quarter of the Treasury’s staff including much of its senior leadership will be eligible to retire within the next five years.

“Since 2000, we're proud to have placed more than 400 exceptional public service professionals with Oregon government and non-profit sponsors through our fellowship programs,” said Phil Keisling, former Oregon Secretary of State and director of the Center for Public Service in the Mark O. Hatfield School of Government at Portland State University. “The Straub Fellowships will build on that success and attract outstanding financial talent for public service in Oregon.”

The Treasurer was joined at the announcement by Keisling; Oregon Investment Council Chair Rukaiyah Adams, the chief investment officer at Meyer Memorial Trust; and Oregon Investment Council member Rex Kim, an investment manager at the Multnomah Group.

The new program is named after former Governor and Treasurer Robert W. Straub, a state finance pioneer who led the creation of the Oregon Investment Council in the 1960s.

“Bob Straub was a leader of his time who blended fiscal discipline with strategic vision,” Read said. “He remains a compelling model for our future.”

Attendees included members of the Straub family, former state treasurers Jim Hill and Randall Edwards, and university students.

For more information, visit http://www.oregon.gov/treasury/Pages/Straub-Fellowships.aspx. The page includes a link to the fellowships program at Portland State, which will handle the application process. The summer program will pay a $6,000 stipend and the eight-month program will pay a $24,000 stipend.

The Oregon State Treasury protects public assets, saves money, and helps Oregonians to invest in themselves and their families through empowerment programs like the Oregon 529 Savings Network and OregonSaves. Treasury oversees public investment, banking, and debt management services. State investment policies are set by the Oregon Investment Council. Treasury also promotes public outreach and education to help Oregonians learn strategies to save money and make smart financial choices.