Dennis Bassett, Indiana's new finance director, had been director of the state Department of Financial Institutions.

CHICAGO — Indiana has a new head of public finance.

Dennis Bassett was named director of the Indiana Finance Authority in April. He replaced Dan Huge, who was interim director after Kendra York left the post in February.

Bassett joins the IFA — which acts as the state's borrowing arm — from the Department of Financial Institutions, where he was director.

Indiana Gov. Mike Pence said he tapped Bassett because of his experience in banking and the public sector.

"I appreciate his willingness to now lead the Indiana Finance Authority and I know that with his extensive experience in both the public and private sectors, he will continue to serve Hoosiers well in this important role."

Before working for the state, Bassett was chairman of JP Morgan Chase in Indiana. He also was CEO of Bank One, and spent several years as senior managing director and manager for Bank One Capital Markets.

Triple-A rated Indiana does not issue general obligation bonds. The IFA oversees the state's bond and lease debt and plays a key role in public-private partnerships.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.