Meet Your Executive Team

Mark Swenson

Deputy State Treasurer Arizona

Mark Swenson first joined the Treasurer’s Office in January 2007. In his role as Deputy, Mark represents the Office in the Treasurer’s absence and oversees and directs several departments including Investment Management, Investment Accounting, Legal, Government Relations and Communications. . Mark’s Departments are responsible for investing and accounting for about $16 billion in investments and interacting with local governments, the Legislature and the general public. Mark has held senior executive positions for elected officials in state government for more than 25 years, including five State Treasurers, three Senate Presidents, and five Senate Majority Leaders. . Mark  is a graduate of the University of Arizona.

Lorraine Jones

Deputy State Treasurer Operations Arizona

Lorraine Jones first joined the Treasurer’s Office in April 1988 serving in the Investment Accounting department. She began serving as Deputy in October 2015 and is the longest-tenured member of the Arizona Treasury. In her role as Deputy, Lorraine represents the Office in the Treasurer’s absence and is responsible for daily operations. She oversees and directs several departments including Administration, Banking,, Human Resources, and IT.  Lorraine’s departments are  responsible for authorizing hundreds of millions of dollars in distributions to state agencies, local governments, and public schools and balancing all bank accounts for the Treasurer. Lorraine is a life-long Arizonan and a graduate of Arizona State University.

Fareed Bailey

Director of Legislative Affairs

Fareed Bailey joined the Treasurer’s Office in January 2019 as Director of Legislative Affairs for Treasurer Kimberly Yee. Fareed manages the Treasury’s legislative agenda and promotes Treasury initiatives to members of the Arizona State Legislature. He serves as Treasurer Yee’s primary point of contact with the Legislature, Governor’s Office, state and local government agencies, and relevant stakeholder groups. Prior to the Treasurer’s Office, Fareed worked for six years in the nonpartisan Research Staff Department of the Arizona State Senate, serving as the Research Analyst for a number of legislative committees, including Financial Institutions, Federalism, Mandates and Fiscal Responsibility, and Finance. He has also worked in Washington, DC as an Energy Program Research Associate for ‘Taxpayers for Common Sense’; an independent, nonpartisan group working to ensure taxpayer dollars are spent responsibly and as a Senior Legislative Associate for ‘Stateside Associates’; a government relations firm. Fareed is a graduate of Arizona State University with a Bachelor of Science degree in Political Science (Summa Cum Laude) and of the Middlebury Institute of International Studies at Monterey with a Master of Public Administration.

Inside the Vault

Office of the State Treasurer Arizona

1700 West Washington Street

Phoenix, AZ 85007

Main: (602) 542-7800

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