CHICAGO — Indiana Gov. Mitch Daniels has named a new state public finance director to replace outgoing director Jennifer Alvey, who leaves the post for the private sector this week.
Kendra York, who has served as the Indiana Finance Authority’s general counsel and chief operating officer since late 2007, took over her new job as director on Monday.
The Indiana public finance director oversees the IFA, one of the state’s largest bond-issuing agencies.
She replaces Alvey, who has served in the position since August 2007. As director, York will also sit on the board of the Indiana Bond Bank, another top state issuer.
Alvey left to join Ryan Kitchell, the former head of Indiana’s Office and Budget and Management, at Clarian Health. Alvey will manage Clarian’s cash and debt portfolio.
Kitchell left the Indiana OMB last August to join Clarian as its vice president and treasurer.
As COO at the IFA, York managed the debt portfolios of the new Lucas Oil Stadium and the convention center in Indianapolis.
The IFA oversees state-related debt issuance and is one of the state’s largest bond-issuing agencies.
The Finance Authority issues revenue bonds on behalf of various state departments and manages the wastewater and drinking water state revolving fund loan programs and the Indiana Brownfields program.
The IFA was created in 2005 as the successor entity to a host of former agencies: the Indiana Transportation Finance Authority, the State Office Building Commission, the Recreational Development Commission, the Indiana Development Finance Authority and the State Revolving Fund Loan Programs.
Indiana does not issue general obligation bonds.