Chicago City Treasurer Stephanie D. Neely to Join Allstate as Vice President, Treasury

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Nov 03, 2014, 11:30 ET

NORTHBROOK, Ill., Nov. 3, 2014 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced that Chicago City Treasurer Stephanie D. Neely will join the company as its vice president, treasury, effective December 1. She will be responsible for the strategic direction and management of liquidity, capital, ratings and corporate structure issues.

Allstate logo.

"We are pleased that Stephanie is joining Allstate and look forward to benefiting from her financial management expertise and broad leadership capabilities, which she demonstrated most recently in pioneering financial literacy programs on behalf of the city of Chicago and its schools," said Steven E. Shebik, chief financial officer.

"I am thrilled to be a part of Allstate given its growth, strong business opportunities and community leadership, particularly here in my hometown of Chicago," Neely said. "I'm looking forward to joining Allstate and contributing to its continued financial success."

Neely has more than two decades of financial services experience. As treasurer and chief investment officer for the city of Chicago for eight years, she has raised financial reporting standards and broadened Chicago's financial literacy, community outreach and other programs. Neely began her career as a financial analyst with Smith Barney and assistant vice president at Paine Webber. She subsequently held municipal finance management positions at First Chicago/Bank One Capital Markets and other firms, and served as vice president of the institutional sales team for Northern Trust Global Investments from 2005 to 2006. Neely earned her bachelor's degree from Smith College and an MBA from the University of Chicago Booth School of Business.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate is widely known through the slogan "You're In Good Hands With Allstate^®." The Allstate brand's network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada. In 2013, The Allstate Foundation, Allstate, its employees and agency owners gave $29 million to support local communities. Allstate employees and agency owners donated 200,000 hours of service across the country.