Stephanie Neely

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Stephanie D. Neely
Treasurer, City of Chicago
In office
Preceded by Judith Rice
Succeeded by Kurt Summers, Jr.
Personal details
Political party Democrat
Residence Chicago, Illinois

Stephanie D. Neely was the Treasurer of the City of Chicago, Illinois. She was appointed as Treasurer for the City of Chicago in October 2006, and was sworn in December 2006.[1] Neely was reelected to a second term in February 2011.[2] Neely resigned to return to the private sector on November 30, 2014.[3] In 2015, she became vice president of treasury for Allstate Insurance Company, where she oversees corporate finance and commercial banking.[4]

Stephanie Neely is a native Chicagoan. Neely's father owned and operated a successful chain of gas stations located on the southside of Chicago.[4] She earned a bachelor’s degree in Economics from Smith College, and a Master of Business Administration from the University of Chicago.[5]

Prior to serving as City Treasurer, Neely served as Vice President at Northern Trust Global Investments. Neely accumulated more than 20 years of private-sector financial experience before being appointed City Treasurer.

Pursuant to her role as City Treasurer, Neely maintained a $7 billion portfolio and tracked the balances on all City accounts. The City pension fund has posted double-digit returns on pension fund investments during Neely's tenure.[citation needed] In addition to her duties as Treasurer, Neely serves as trustee on the City’s five public pension boards.

Programs operated by the Treasurer's Office during Neely's tenure included Small Business Development Loans, Financial Literacy programs in Chicago Public Schools, and free seminars on using social media to build small business.


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