Campaign Finance Board Welcomes New Board Member Marianne Spraggins
04/11/2018
The New York City Campaign Finance Board (CFB) welcomes the appointment of Marianne Spraggins to the Board. Spraggins was appointed by Mayor Bill de Blasio to a five-year term ending on November 30, 2022.
"It is an honor to receive this appointment from Mayor de Blasio, and to serve the people of New York City as a member of the Campaign Finance Board. I look forward to working closely with Chair Schaffer and my fellow board members to ensure our city's landmark Campaign Finance Program is working to uphold integrity, transparency, and accountability in city elections," said Board Member Marianne Spraggins.
Spraggins is an investment banker, entrepreneur, and attorney based in New York City. She was the first African American woman to serve as managing director at a major Wall Street firm, attaining this position at Smith Barney in 1990. Currently an associate broker at Mont Sky Real Estate, Spraggins has vast experience in the financial services industry, including at Salomon Brothers where she started her Wall Street career, and at the Congressional Oversight Panel, which was created by the U.S. Congress in response to the 2008 financial crisis, where she served as Senior Counsel.
In addition to her accomplishments in the private sector, Spraggins has a distinguished career in public service. She served as Senior Counsel at the Congressional Oversight Panel created in response to the 2008 financial crisis. President Bill Clinton appointed her to serve as the Director of the Securities Investor Protection Corporation in the 1990's. And in 2008, Spraggins served on the executive committee of the Democratic National Committee. She has also served as a board member for the New York City Economic Development Corporation, the New York Law School, and the Apollo Theater Foundation.
Spraggins was born and raised in Harlem, New York. Her father, Roy Travers Spraggins, was also a lawyer and is known for being active in local politics during the 1960s. Spraggins received a B.A. in English literature from Boston University, a J.D. from New York Law School, and a LL.M. in international law from Harvard Law School.
"On behalf of the Board, I'm proud to welcome Marianne Spraggins to the CFB. Her extensive career in public service and finance will undoubtedly serve us all well. I look forward to working with her to strengthen New York City's democracy," said CFB Board Chair Frederick Schaffer.
"Our mission at the New York City Campaign Finance Board is to reduce the possibility or appearance of corruption in local politics while empowering more New Yorkers to get involved in our local elections. I am excited to have Marianne Spraggins joining the Board to help us achieve this important mission," said CFB Executive Director Amy Loprest.
As mandated by the City Charter and the New York City Campaign Finance Act, the CFB is composed of five board members: two are appointed by the mayor, two are appointed by the speaker of the City Council, and the chair is appointed by the mayor after consultation with the speaker. The Board is strictly nonpartisan, and the mayor’s and the speaker’s two appointees must not be affiliated with the same political party. Board members serve staggered five-year terms.
"It is an honor to receive this appointment from Mayor de Blasio, and to serve the people of New York City as a member of the Campaign Finance Board. I look forward to working closely with Chair Schaffer and my fellow board members to ensure our city's landmark Campaign Finance Program is working to uphold integrity, transparency, and accountability in city elections," said Board Member Marianne Spraggins.
Spraggins is an investment banker, entrepreneur, and attorney based in New York City. She was the first African American woman to serve as managing director at a major Wall Street firm, attaining this position at Smith Barney in 1990. Currently an associate broker at Mont Sky Real Estate, Spraggins has vast experience in the financial services industry, including at Salomon Brothers where she started her Wall Street career, and at the Congressional Oversight Panel, which was created by the U.S. Congress in response to the 2008 financial crisis, where she served as Senior Counsel.
In addition to her accomplishments in the private sector, Spraggins has a distinguished career in public service. She served as Senior Counsel at the Congressional Oversight Panel created in response to the 2008 financial crisis. President Bill Clinton appointed her to serve as the Director of the Securities Investor Protection Corporation in the 1990's. And in 2008, Spraggins served on the executive committee of the Democratic National Committee. She has also served as a board member for the New York City Economic Development Corporation, the New York Law School, and the Apollo Theater Foundation.
Spraggins was born and raised in Harlem, New York. Her father, Roy Travers Spraggins, was also a lawyer and is known for being active in local politics during the 1960s. Spraggins received a B.A. in English literature from Boston University, a J.D. from New York Law School, and a LL.M. in international law from Harvard Law School.
"On behalf of the Board, I'm proud to welcome Marianne Spraggins to the CFB. Her extensive career in public service and finance will undoubtedly serve us all well. I look forward to working with her to strengthen New York City's democracy," said CFB Board Chair Frederick Schaffer.
"Our mission at the New York City Campaign Finance Board is to reduce the possibility or appearance of corruption in local politics while empowering more New Yorkers to get involved in our local elections. I am excited to have Marianne Spraggins joining the Board to help us achieve this important mission," said CFB Executive Director Amy Loprest.
As mandated by the City Charter and the New York City Campaign Finance Act, the CFB is composed of five board members: two are appointed by the mayor, two are appointed by the speaker of the City Council, and the chair is appointed by the mayor after consultation with the speaker. The Board is strictly nonpartisan, and the mayor’s and the speaker’s two appointees must not be affiliated with the same political party. Board members serve staggered five-year terms.
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In welcoming Spraggins, the CFB is also bidding farewell to Art Chang, who has served as a member of the Board for two terms and nearly 10 full years since 2009. Chang was the founding chair of the Voter Assistance Advisory Committee (VAAC), and played a critical role in developing NYC Votes, the CFB's voter engagement initiative.
During his tenure, Chang utilized his background as a tech entrepreneur to push the CFB to use technology in new and beneficial ways, most notably with the development of the NYC Votes Contribute application in 2013. The Contribute app is now a key tool for city candidates participating in the city's matching funds program. During the 2017 elections, the Contribution app helped candidates raise more than $4 million.
"Art's contributions to the CFB, to candidates, and to the voters of New York City cannot be quantified. We will all miss his presence on the Board," said CFB Board Chair Frederick Schaffer.
During his tenure, Chang utilized his background as a tech entrepreneur to push the CFB to use technology in new and beneficial ways, most notably with the development of the NYC Votes Contribute application in 2013. The Contribute app is now a key tool for city candidates participating in the city's matching funds program. During the 2017 elections, the Contribution app helped candidates raise more than $4 million.
"Art's contributions to the CFB, to candidates, and to the voters of New York City cannot be quantified. We will all miss his presence on the Board," said CFB Board Chair Frederick Schaffer.
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