Lorraine Jones first joined the Treasurer’s Office in April 1988 serving in the Investment Accounting department. She began serving as Deputy in October 2015 and is the longest-tenured member of the Arizona Treasury. In her role as Deputy, Lorraine represents the Office in the Treasurer’s absence and is responsible for daily operations. She oversees and directs several departments including Administration, Banking, Investment Accounting, Human Resources, and IT. As the head of the Treasurer’s banking department, Lorraine is responsible for authorizing hundreds of millions of dollars in distributions to state agencies, local governments, and public schools and balancing all bank accounts for the Treasurer. Lorraine is a life-long Arizonan and a graduate of Arizona State University.
Mark Swenson first joined the Treasurer’s Office in January 2007. In his role as Deputy, Mark represents the Office in the Treasurer’s absence and manages relationships with various constituent groups served by the Treasurer. He also serves on the Treasurer’s Investment Risk Management Committee helping create policy to ensure the efficient growth of assets under Treasury management. Mark has held senior executive positions for elected officials in state government for 24 years, including four State Treasurers, three Senate Presidents, and five Senate Majority Leaders. Prior to the Treasurer’s office, Mark served for more than 12 years as a Senior Policy Advisor at the Arizona State Senate, including four years in budget and tax policy. Previously, he served as Policy Director and advised the Majority Leadership on education, natural resources, economic development policy, and media relations. Prior to his service in the Senate, Mark was a reporter for the Tucson Citizen for nine years covering state and local politics. Mark was born in Illinois, raised in Hawaii, and is a graduate of the University of Arizona.
Fareed Bailey joined the Treasurer’s Office in January 2019 as Director of Legislative Affairs for Treasurer Kimberly Yee. Fareed manages the Treasury’s legislative agenda and promotes Treasury initiatives to members of the Arizona State Legislature. He serves as Treasurer Yee’s primary point of contact with the Legislature, Governor’s Office, state and local government agencies, and relevant stakeholder groups. Prior to the Treasurer’s Office, Fareed worked for six years in the nonpartisan Research Staff Department of the Arizona State Senate, serving as the Research Analyst for a number of legislative committees, including Financial Institutions, Federalism, Mandates and Fiscal Responsibility, and Finance. He has also worked in Washington, DC as an Energy Program Research Associate for ‘Taxpayers for Common Sense’; an independent, nonpartisan group working to ensure taxpayer dollars are spent responsibly and as a Senior Legislative Associate for ‘Stateside Associates’; a government relations firm. Fareed is a graduate of Arizona State University with a Bachelor of Science degree in Political Science (Summa Cum Laude) and of the Middlebury Institute of International Studies at Monterey with a Master of Public Administration.