McDaniel Takes a Run at State Treasurer

Rep. Randy McDaniel announced Monday that he will be seeking the office of State Treasurer. McDaniel, a Republican from Edmond, serves as the Chairman of the House Banking, Financial Services and Pensions Committee. He also has worked for more than two decades in the financial services industry as a financial advisor.

“During these challenging times, it is critical that state funds are managed effectively,” said McDaniel. “My education and investment experience are well-suited for the responsibilities of this important job.”

After earning a degree in Economics from the University of Oklahoma and a graduate degree from Cambridge University, McDaniel began his career in banking and then worked for more than twenty years as a financial advisor for both individuals and institutions. In his capacity as a financial advisor, McDaniel managed hundreds of millions of dollars for a diverse group of clients.

“In government, I have used my background in economics and investments to address some of the state’s greatest financial challenges, such as the state pension system,” said McDaniel. “After authoring and passing a series of pension reforms, the situation has turned from a looming insolvency crisis to a clear path towards strength and stability. This improvement is not only important for pension participants, but also to the state’s bond rating. It is very important for our next State Treasurer to have a clear understanding of these complex issues.”

McDaniel said he has been humbled by the support and encouragement from Oklahomans throughout the state.

“This year I’ve had the opportunity to travel across the state and visit with fellow Oklahomans,” said McDaniel. “The words of encouragement have been appreciated and inspiring. Oklahoma has been fortunate to have capable leaders serve as the State Treasurer, and I hope to continue that tradition of competence and professionalism.”

McDaniel is a fourth-generation Oklahoman. He served for eleven years in the Oklahoma Army National Guard as a field artillery officer and as an Engineer officer, attaining the rank of Captain.  He is married to Julie McDaniel and has two children, Grace (9) and John (8).