Missouri – State Financial Officers Foundation

About

Missouri Governor Mike Parson (R) appointed immigration lawyer Vivek Malek as state treasurer on December 20, 2022 to replace his predecessor Scott Fitzpatrick, who won the race to become state auditor effective in January 2023. In appointing the first non-white treasurer in Missouri’s history, the governor applauded Malek for being a “legal immigrant” who offers “inspiring proof that the American Dream can and will live on.” He also praised his appointee for being “a proud Republican and a strong capitalist [whose] conservative values are unimpeachable.”

Malek came to the U.S. with a BA and JD from Maharshi Dayanand University in Rohtak, India, before going on to earn an MBA from Southeast Missouri State University and an LLM from the University of Illinois College of Law in Urbana-Champaign. He has been practicing law since 2000 and established his own legal practice in St. Louis in 2011.

Malek intends to run for a full term as state treasurer once his appointment ends in 2024.

Actions

Filed a brief in support of Missouri Secretary of State Jay Ashcroft (R), who is being sued in federal court for attempting to limit the impact of environmental, social and governance factors in investment decisions. (6/25/24)
Signed State Financial Officers Foundation (SFOF) organized resolution supporting Israel’s genocide in Gaza and committing to invest in SFOF bronze-sponsor Israel Bonds despite “Moodys and Standard and Poors (S&P) have[ing] recently downgraded Israel’s credit score, citing a negative outlook on Israel’s economy (5/14/24)
Signed an Advancing American Freedom coalition letter to leaders in the U.S. House of Representatives demanding that “The Woke 401(k) Rule Must Be Repealed” (3/28/23)

Recent Campaign Filings

Statements of Financial Interests

Contact Information

Missouri State Treasurer’s Office
P.O. BOX 210
Jefferson City, MO 65102
Website: treasurer.mo.gov/
Phone: (573) 751-8533
Email: NA

About

Scott Fitzpatrick was first elected as state auditor of Missouri in 2022 and is the 2024 national chair of the State Financial Officers Foundation (SFOF). He was the 2023 vice chair and active in SFOF during his tenure as Missouri’s state treasurer from 2019–22.

Fitzpatrick first served in public office as a member of the Missouri House of Representatives from 2013–19. As a state lawmaker, he was a member of the American Legislative Exchange Council (ALEC).

Before entering politics, Fitzpatrick founded and worked as the CEO of MariCorp U.S., a marine manufacturing and construction company. A lifelong resident of the state, he earned a degree in business management and finance from the University of Missouri in 2010.

Actions

Signed State Financial Officers Foundation (SFOF) organized resolution supporting Israel’s genocide in Gaza and committing to invest in SFOF bronze-sponsor Israel Bonds despite “Moodys and Standard and Poors (S&P) have[ing] recently downgraded Israel’s credit score, citing a negative outlook on Israel’s economy (5/14/24)
Signed SFOF letter to President Joe Biden urging him “to eliminate any equivocation in your words and actions when it comes to support for Israel” (5/14/24)
Signed an Advancing American Freedom coalition letter to leaders in the U.S. House of Representatives demanding that “The Woke 401(k) Rule Must Be Repealed” (3/28/23)
Hosted a panel titled “Protecting Taxpayer Dollars from Inflationary Pressures Throughout the 2022 Recession” at the SFOF Fall 2022 National Meeting, featuring Steven Chiavarone, CFA, Federated Hermes; Andy Puzder, Heritage Foundation fellow; and Jonathan Williams, ALECs chief economist and executive vice president of policy (11/14/22)
Worked to get the Missouri State Employees’ Retirement System (MOSERS) to remove approximately $500 million in pension funds from BlackRock. As state treasurer, Fitzpatrick held a seat on MOSERS’s board (10/18/22)
Signed a letter to Morningstar asking the company to stop its negative ratings of firms connected to Israel (8/25/22)
Signed a letter to the Securities and Exchange Commission opposing the proposed rule known as the Enhancement and Standardization of Climate-Related Disclosures for Investors (6/17/22)
Signed an SFOF letter opposing the FDIC proposed principles on climate-related financial risk management for large financial institutions (6/3/22)
Spoke on a panel at the Heritage Foundation’s 2022 Resource Bank meeting titled “State Treasurers Protect the Public Trust” with West Virginia State Treasurer Riley Moore, Utah State Treasurer Marlo Oaks, and SFOF CEO Derek Kreifels (6/1/22)
Signed a letter to the Department of Labor opposing possible agency actions to protect life savings and pensions from threats of climate-related financial risk (5/16/22)
Signed a comment letter to the Municipal Securities Rulemaking Board regarding ESG practices in the municipal securities market (3/8/22)
Signed a letter opposing the proposed Department of Labor rule change entitled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (12/13/21)
Hosted a panel titled “Defending America’s Economic Freedom: Part 2” at the SFOF Fall 2021 National Meeting, featuring Paul Fitzpatrick, CEO, 1792 Exchange; Dan Grant, co-founder and CEO, 2nd Vote Advisors; and Jason Stverak, deputy chief advocacy officer, Credit Union National Association (11/3/21)
Signed letter to banking industry warning that state financial officers “will be taking collective action in response to the ongoing and growing economic boycott of traditional energy production industries by U.S. financial institutions.” (11/22/21)
Signed letter to John Kerry expressing “deep concern with recent reports” that the Biden administration is “privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies.” (5/25/21)
Participated in a closed 30-45-minute meeting and Q&A with SFOF CEO Derek Kreifels for “SFOF sponsors and state leaders/staff only” (4/13/21)
Signed an SFOF letter urging President Biden to withdraw his nomination of Sarah Bloom Raskin as vice chair for supervision at the Federal Reserve due to her “radical banking and economic views,” which the group claims would “disrupt the private banking sector, reliable energy supplies, and the U.S. economy” (1/31/21)

Recent Campaign Filings

Statements of Financial Interests

Contact Information

State Auditor’s Office
301 West High Street, Room 880
P.O. Box 869
Jefferson City, MO 65102
Website: auditor.mo.gov/
Phone: (800) 347-8597
Email: moaudit@auditor.mo.gov