ANCHORAGE — Virginia Treasurer Manju Ganeriwala has been elected president of the National Association of State Treasurers for 2013.

Elected unanimously by the 25 treasurers and representatives attending NAST's annual business meeting here, Ganeriwala will take office in January for a one-year term, succeeding Nevada Treasurer Kate Marshall.

"It's a great honor and privilege to serve and I hope I can live up to your expectations," she said at NAST's annual conference.

Appointed by former Democratic Governor Tim Kaine in 2009 amidst the financial crisis and reappointed by Republican Gov. Robert McDonnell, the Indian-born Ganeriwala, manages Virginia's more than $9 billion investment portfolio and $15 billion of debt.

She also oversees the issuance of bonds and provides the Commonwealth and its agencies with routine and specialized banking services. Ganeriwala serves as chairman of the Treasury Board and is a member of 10 other boards, including those of the Virginia Housing Development Authority, the Virginia Port Authority and the Virginia Resources Authority.

A Virginia resident since 1983, Ganeriwala also was chief financial officer of the Virginia Department of Medical Assistance Services for six years where she directed the financial and administrative functions of the Commonwealth's Medicaid program. That program serves about 650,000 persons and has an annual budget of more than $5 billion.

She also held leadership positions in the Virginia Department of Planning and Budget where she was associate director for eight years.

NAST members also elected Utah Treasurer Richard Ellis to serve as senior vice president and Tennessee Treasurer David Lillard as secretary-treasurer for the coming year.

NAST, headquartered in Lexington, Ky., aims to influence public policy at the state and federal levels. Its membership is comprised of state treasurers or state financial officials with comparable responsibilities in the U.S., its commonwealths, territories and the District of Columbia.

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