CHICAGO – October 19, 2009. Governor Pat Quinn today named John Sinsheimer as the State Director of Capital Markets. Previously, Sinsheimer had served as the Chief Financial Officer of the Illinois Student Assistance Commission (ISAC).
“I am pleased to appoint John Sinsheimer to this important position,” said Governor Quinn. “I am confident that his extensive financial experience and commitment to the people of Illinois will result in the best possible financial transactions for the State, especially as we deal with these difficult economic times.”
As Chief Financial Officer for ISAC, Sinsheimer oversaw the sale of two-thirds of the Commission’s student loan portfolio in 2007, resulting in a surplus for the agency. Additionally, he secured alternative funding to ensure ISAC participation in the Federal Family Education Loan Program in 2008 and 2009, allowing the agency to continue making loans while other states could not because of tightening credit restrictions.
“I look forward to serving the people of Illinois during these challenging times,” said Sinsheimer. “I am excited to use my experience with capital markets to help guide the State through this unprecedented economic crisis.”
Sinsheimer will work with David Vaught, Governor Quinn’s newly-appointed Director of the Office of Management and Budget.
Prior to joining ISAC, Sinsheimer served as Associate Vice President for Finance at the Illinois Institute of Technology. He also spent 12 years in global banking at the former First Chicago Bank. He has also held fiscal positions at Encyclopedia Britannica and Children’s Memorial Hospital in Chicago.