Dereck E. Davis was elected and sworn in as the 24th Maryland State Treasurer on December 17, 2021. In addition to Treasurer Davis’s responsibilities for managing the Office of the State Treasurer, he serves as the chief representative of the state dealing with financial rating agencies and investment banking firms. Additionally, as a Constitutional Officer and a representative of the General Assembly, the Treasurer serves on several key state boards and financial planning committees.
Treasurer Davis chairs both the Capital Debt Affordability Committee and the Commission on State Debt and is a member of Maryland’s Board of Revenue Estimates. The Treasurer also serves as Chair of the Board of Trustees of the Maryland State Retirement and Pension Systems and is a member of the Maryland Environmental Service Board of Directors, the Maryland Coast Smart Council, the Maryland Supplemental Retirement Plans Board of Trustees, the Procurement Improvement Council, and the Maryland Commission on Climate Change. Unique among the Treasurer’s responsibilities is his position on the Board of Public Works with the Governor and the Comptroller. This board oversees a substantial portion of the procurement contracts of the state.
Treasurer Davis represented the 25th Legislative District of Prince George’s County in the Maryland House of Delegates for 27 years prior to being elected Treasurer. As a member of the House of Delegates, Treasurer Davis chaired the Economic Matters Committee. Prior to his chairmanship, Treasurer Davis served on the House Environmental Matters Committee and was the chairman for the Public Utilities subcommittee. In addition, while serving in the House of Delegates, Treasurer Davis was also deputy director for the Prince George’s County Office of Community Relations and was formerly an administrator with the Washington Suburban Sanitary Commission and the Maryland Department of Labor, Licensing and Regulation, and a legislative aide to the Prince George’s County Council.
Treasurer Davis has also been active in numerous national, regional, and state organizations during his career, primarily focused on telecommunications, public utilities, and insurance, and has been recognized by various professional, civic, and community organizations. During his legislative career, he represented Maryland on the National Conference of State Legislatures (Energy and Electric Utilities Committee), the Council of State Governments, and the Southern States Energy Board. Treasurer Davis currently sits on the Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers and the Banking and Pension Committees of the National Association of State Treasurers and was named a 2023 Rodel Fellow.
Born in Washington, D.C and raised in Capitol Heights, Maryland, Treasurer Davis earned both his bachelor’s degree in political science and master’s degree in public policy from the University of Maryland College Park. Dereck and his wife, Monique, have two adult children and reside in Mitchellville.