4 November 2014 Insurance

Allstate appoints treasury VP

US insurer Allstate has appointed Chicago city treasurer, Stephanie Neely, as vice president, treasury.

She will be responsible for the strategic direction and management of liquidity, capital, ratings and corporate structure issues.

Neely began her career as a financial analyst with Smith Barney and assistant vice president at Paine Webber. She subsequently held municipal finance management positions at First Chicago/Bank One Capital Markets and other firms, and served as vice president of the institutional sales team for Northern Trust Global Investments from 2005 to 2006.

"We are pleased that Stephanie is joining Allstate and look forward to benefiting from her financial management expertise and broad leadership capabilities, which she demonstrated most recently in pioneering financial literacy programs on behalf of the city of Chicago and its schools," said Steven Shebik, chief financial officer.

Neely said: "I am thrilled to be a part of Allstate given its growth, strong business opportunities and community leadership, particularly here in my hometown of Chicago. I'm looking forward to joining Allstate and contributing to its continued financial success."

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