Gov. Tom Wolf Tuesday announced he will nominate Timothy A. Reese for State Treasurer. Reese brings more than 20 years of international finance and business experience along with a proven track record of managing major financial operations.
“At a time when Treasury needs a steady hand, Tim brings more than two decades of significant finance and business experience,” said Gov. Wolf. “Tim is a proven leader with a diverse financial background – as a consultant, an entrepreneur and an investor. His outstanding management experience and fiscal expertise, along with a passion for promoting financial literacy, will help bring stability to the Treasury and refocus the department on its core mission.
“Anyone who knows Tim can attest to his civic engagement,” Gov. Wolf continued. “Last year, he was tapped by the U.S. Securities and Exchange Commission to serve on its Advisory Board. He has worked closely with the White House to promote entrepreneurism and has led or co-led two investment organizations that are committed to providing funding and financial literacy to entrepreneurs, with an emphasis on minorities, women and veterans.”
Following a successful career as a consultant and entrepreneur in the technology and healthcare fields, Reese founded the National Minority Angel Network. Along with his partners at NMAN, Reese invested $2.4 million in 14 ventures and achieved exit values of $320 million for investors in these ventures.
“I am honored to have been asked by Gov. Wolf to serve the citizens of the Commonwealth,” Reese said. “I look forward to getting started right away and lending my expertise to the Treasury and the Commonwealth.”
Mr. Reese, age 51, brings more than 20 years of experience as a successful businessman and investor. He is an investor in both venture and private equity deals within the healthcare, pharmaceutical, and information technology sectors across start-ups, early-stage and public companies. A serial entrepreneur, he has founded six companies himself, achieving an average return on investment of 7x in exits.
In 2012, Mr. Reese launched National Minority Angel Network to focus on investing in women, minority, and veteran-owned companies. The founding partners have collectively invested $2.4 million in 14 ventures and achieved exit values of $320 million for investors in those ventures.
Mr. Reese currently serves on the Board of Advisors for the U.S. Securities & Exchange Commission. He has consulted with early to growth stage companies and reviewed investment opportunities for venture capital firms, private equity, Family Offices, and angel networks.
He holds a B.S. in Electrical Engineering & Electronics Technology from Temple University (1990) and was a Fellow at Temple University Fox School of Business. He also served as a national panelist with the White House Jobs Tour and Entrepreneur in Residence at the Fox School of Business.He resides in Montgomery County with his wife, Sara, and three sons.