State Treasurer Denise Nappier has hired longtime public employee Richard Gray as deputy treasurer, a position he held in the 1990s.
Gray, who was vice president and chief financial officer at UConn between 2008 and 2014, succeeds Christine Shaw, who is taking the job of retiring Chief Compliance Officer Shelagh McClure.
Before his time at UConn, Gray was executive director of the Connecticut Health and Educational Facilities Authority for more than a decade. He was deputy treasurer in 1998 under former Treasurer Paul Silvester, who pleaded guilty in 1999 to racketeering and money laundering.
In a statement, Nappier said Gray “proved his mettle” during the “scandalous administration of the former state treasurer.”
“When all was said and done, Rich’s strength of character kept him from the center of the activity that led to the scandal,” Nappier said. “Equally important was his constructive volunteer assistance during the transition to my administration, and how he ably demonstrated his understanding of fiduciary responsibility — the importance of acting in good faith with high standards of integrity and commitment to transparency — a hallmark of my administration.”
