Patrick Fleming, chief investment officer of the Wyoming Treasurer’s Office, will be retiring on June 30, 2025.
Fleming has led the office’s investment division, which oversees a total of $30.3 billion in state assets including the $11.5 billion Permanent Mineral Trust, $5.4 billion Common School Permanent Land Fund and $2.6 billion Workers Compensation Fund, since 2015.
“I really enjoy my work and am proud of how our office has grown and what we have accomplished,” said Fleming in a Sept. 30 news release. “There are still a few things I’d like to see us complete before I step aside at the end of June, but I felt it was appropriate to announce this decision now so I can help the treasurer work with the legislature and create a generational fund – which I also believe is vital for our state’s future – as well as provide ample time to implement a succession plan.”
Before ascending to the CIO role, Fleming had been professor in the college of business, MBA program at the University of Wyoming, Cheyenne, where he oversaw the University of Wyoming Student Portfolio Management Program and previously held positions at Barclay Investments, Pinnacle World Investments, Lehman Brothers and Salomon Brothers.
Jeff Robertson, treasurer’s office spokesman, said a timeline for the search for Fleming's replacement has yet to be determined.