Tim Schaefer

Tim Schaefer
Deputy Treasurer for Public Finance, California State Treasurer Fiona Ma

Tim Schaefer is a Deputy Treasurer for Public Finance for California Treasurer Fiona Ma. His duties include executive oversight responsibility for the Treasurer’s Investment Division, which manages a $90 billion portfolio, including the state’s Local Agency Investment Fund; the Public Finance Division, which manages the State’s $85 billion debt portfolio; and, the Centralized
Treasury Division, which handles nearly $2.0 trillion of payments annually and maintains hundreds of bank accounts for the State.

Before entering State service, Tim was the principal owner of Magis Advisors, a public finance consulting firm in Orange County, California. He has more than fifty years of experience in the municipal securities industry. That past experience includes managing the Public Finance Division of Bank of America in San Francisco and the national municipal short-term trading desk at Chemical Bank in New York City.

Tim served for three years as a private sector advisor to the Standing Committee on Governmental Debt of the Government Finance Officers Association of the United States and Canada; and, he is presently serving as the Chairman of the State Debt Management Network of the National Association of State Treasurers.

He is a frequent speaker in the field of public finance.