South Carolina Treasurer Curtis Loftis has appointed Melissa D. Simmons, CPA, CFP as Director of Banking and Investments for the agency.
Simmons joined the State Treasurer’s Office staff in August 2016, as a Senior Assistant State Treasurer and Director of the Banking Division, which provides banking services and solutions for state agencies, colleges and universities. In her expanded role, she will also oversee the agency’s investment management of $18 billion in portfolios and cash, the Local Government Investment Pool, and various financial assets for the State.
“Throughout her career, Melissa has demonstrated success in various financial planning, accounting and auditing positions she has held within the public and private sectors,” Treasurer Loftis said. “By consolidating banking and investment management, we will further strengthen our efforts to provide our state agency and local government partners with the highest quality of banking and investment services possible.”
Simmons was a financial advisor with Ameriprise Financial Advisors for eight years. Her experience includes portfolio analysis, investment planning, tax planning, insurance planning and estate planning. She has also served the State of South Carolina for 20 years in various auditing, management and financial roles at the State Auditor’s Office and at the Department of Health and Human Services.
A South Carolina native, Simmons is a 1989 graduate of the University of South Carolina with a bachelor’s degree in accounting. She is a Certified Public Accountant and Certified Financial Planner and has completed executive training with the Governor’s Excel Leadership Institute.