Nancy Winkler, a long-time adviser at Public Financial Management Inc., will leave the private sector to become Philadelphia’s treasurer on Jan. 31.

Winkler replaces Rebecca Rhynhart, who is now the city’s new budget director. Winkler is a managing director at PFM. For the past 28 years she has worked on state and municipal debt issuance in the Northeast, including New York and Maryland.

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