AZ state treasurer: Jeff Dewit secures top money post

AZ state treasurer: Jeff Dewit secures top money post

Republican Jeff Dewit Republican Jeff Dewit
Democratic write-in candidate Gerard Davis Democratic write-in candidate Gerard Davis

Arizona voters have given the nod to Republican Jeff Dewit as state treasurer in Tuesday's general election.

Democratic write-in candidate Gerard Davis ran as a Green Party write-in candidate in the 2012 election for Arizona House of Representatives District 24. He was defeated in the Nov. 6, 2012, general election.

Dewit is a political newcomer. He started his career in finance in 1992 and became one of Smith Barney Shearson's youngest fully licensed investment professionals. He most recently served for 14 years as the chief executive officer of the financial firm ECHOtrade.

The full list of Republican contenders vying for the job were:

  • Jeff Dewit, Arizona investment professional
  • Hugh Hallman, former mayor of Tempe
  • Randy Pullen, former chairman of the Arizona Republican Party 

The state treasurer serves a term of four years and is third in line in succession to the governor. The primary duties are managing the state's $12 billion investment portfolio, protecting taxpayer money and directing the state's banking services.

Copyright 2014 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.

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