Treasurer and Chief Investment Officer
Tom Richards has served as treasurer and chief investment officer for the UM System since his appointment by the board of curators in January 2011. In this role, Richards provides operating leadership and strategic direction for the university's cash management, debt and banking relationships across all four campuses and the health care system. In addition, he manages investment portfolios in excess of $5.5 billion, including the university’s retirement, endowment and general operating funds.
In July 2013, Richards was appointed Interim Vice President for Finance for the UM System and concurrently served in that capacity through August 2014. Prior to his appointment as treasurer and chief investment officer in 2011, Richards served as assistant controller for the UM System with responsibilities including internal and external financial reporting, management of the external audit process, and accounting and reporting support for the university’s cash, investments and debt.
Richards received the 2013 Rising Star Award from the National Association of College and University Business Officers (NACUBO). The award is given to up-and-coming leaders in higher education in the areas of finance, administration, and business who are known for their innovative, meaningful contributions to the improvement of their profession and to the efficiency of their institution.
A veteran of more than 20 years of experience in the financial sector, Richards earned a bachelor’s degree from the University of Michigan and is a certified public accountant. An active member of the community, he currently serves on the board finance committee of Columbia Public Schools and is a member of the Columbia Northwest Rotary as well as the treasurer of its community foundation.