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Alexi Giannoulias

Alexander Giannoulias (/əˈlɛksi əˈnliəs/ jə-NOO-lee-əs; born March 16, 1976) is an American financier and politician who is the Illinois secretary of state. He previously served as the 72nd Illinois Treasurer from 2007 to 2011.

Alexi Giannoulias
38th Secretary of State of Illinois
Assumed office
January 9, 2023
GovernorJ. B. Pritzker
Preceded byJesse White
72nd Treasurer of Illinois
In office
January 8, 2007 – January 10, 2011
GovernorRod Blagojevich
Pat Quinn
Preceded byJudy Baar Topinka
Succeeded byDan Rutherford
Personal details
Born
Alexander Giannoulias

(1976-03-16) March 16, 1976 (age 47)
Chicago, Illinois, U.S.
Political partyDemocratic
SpouseJo Terlato
EducationUniversity of Chicago
Boston University (BA)
Tulane University (JD)

A Democrat, Giannoulias defeated Republican candidate State Senator Christine Radogno in November 2006 with 54 percent of the vote, becoming the first Democrat to hold the office in 12 years, at the age of 30.

Giannoulias was a candidate in the 2010 elections for the seat in the United States Senate held by Roland Burris. Burris, who was appointed by Governor Rod Blagojevich to fill the seat vacated by Barack Obama following Obama's election as President of the United States, chose not to seek election. Giannoulias won the Democratic primary in February 2010, and narrowly lost the general elections in November 2010 to Republican Mark Kirk.[1]

After 2010, Giannoulias mostly stepped back from public life, and served as Senior Director of BNY Mellon Wealth Management. On June 26, 2018, he was confirmed to the Chicago Public Library Board, marking his first return to public service since leaving the Treasurer's office.[2]

Giannoulias was elected secretary of state in the 2022 election, defeating Dan Brady to succeed longtime incumbent Jesse White.[3][4]

Background

Giannoulias was born in Chicago, Illinois, to Greek immigrants. His mother, Anna, is from Chania, and his late father, Alexis, was from Kalavryta.[5] He has two older brothers, Demetris and George.[6] Giannoulias attended The Latin School of Chicago and then the University of Chicago before transferring to Boston University. Giannoulias graduated cum laude with a bachelor's degree in economics. He then moved to Greece to play basketball with Panionios B.C. for a year (1998–99).[5]

Giannoulias had played basketball at The Latin School of Chicago,[7] and played Division III basketball at the University of Chicago. He then played Division I basketball at Boston University.

After returning from Greece, Giannoulias attended Tulane University Law School. Upon earning his J.D. degree, Alexi returned to Chicago to help manage Broadway Bank, a community bank in Chicago's Edgewater neighborhood that was founded by his father in 1979.[5]

Giannoulias served on the board of directors of the Community Banker's Association of Illinois Legislative Committee, the South Side/Wabash YMCA, and the Edgewater Chamber of Commerce. Giannoulias also founded and chaired the AG Foundation, a not-for-profit charity that donated money to treat child-related illnesses, curb poverty and assist disaster relief organizations.[8]

Personal life

He is married to Jo Terlato.[9][10][11]

2006 campaign for Illinois State Treasurer

Although the state Democratic Party led by House Speaker Mike Madigan backed his opponent, Paul Mangieri, in the primary, Giannoulias was endorsed by U.S. Representatives Jan Schakowsky, Jesse Jackson, Jr.,[12] and by then-Senator Barack Obama.[13][14]

The Chicago Sun-Times news group also endorsed Giannoulias in the general election, arguing that he would "bring valuable private enterprise experience from banking to the job" and praising his "creative" policy proposals like a securities lending program, improving Bright Start, and promoting green energy.[15] Running on a campaign platform that emphasized comprehensive ethics reform for the Treasurer's office,[16] Giannoulias won the March 2006 primary and went on to defeat Republican candidate Christine Radogno in the general election.

Actions in office

 
Alexi Giannoulias Official Portrait As State Treasurer

Ethics reform

On his first day as State Treasurer, Giannoulias "signed an executive order to enact the most comprehensive, widest-ranging ethics package of any elected official in the state", according to his official state website. "The order prohibits [the Treasurer] from accepting contributions from banks, Treasurer's Office employees and contractors who do business with the office."[8] He also moved to foreclose on two debt-ridden hotels built in the 1980s by politically connected insiders in Springfield and Collinsville.[17][18]

Hartmarx

In 2009, Giannoulias worked to encourage Wells Fargo to cooperate in the sale of Chicago-based clothing manufacturer Hartmarx Corp., which was at risk of liquidation and had filed for Chapter 11 protection. The success of this sale with Giannoulias' support saved over 600 jobs at an Illinois Hartmarx factory that otherwise would have been closed.[19]

Wells Fargo, a primary lender for Hartmarx, is also "the money custodian for the treasurer's office, holding its cash and other financial assets."[20] Giannoulias publicly challenged Wells Fargo's obstruction of the sale, stating that "[Wells Fargo's] intention to liquidate Hartmarx rather than allow a sale to buyers intent on keeping the company running will significantly jeopardize the business relationship between Wells Fargo and the state of Illinois."[20]

Giannoulias cited the fact Wells Fargo received over $25 billion in federal TARP bailout funds as further reason why the bank should have supported the sale of Hartmarx instead of pursuing the company's liquidation. In a public statement, Giannoulias said, "We expect companies that get state and federal taxpayer money to invest it in American jobs and American workers, not destroy companies that still have a chance to succeed."[21]

Green Rewards

Giannoulias launched the "Green Rewards" program, which gives a $1,000 rebate to Illinois residents who purchase a new hybrid or other fuel-efficient vehicle.[22]

Purchase of Israel Bonds

In January 2009, the state of Illinois purchased $10 million worth of Israel Bonds. Giannoulias said: "This is a good way to safely diversify our portfolio, especially during a time when some of our other investment options aren't generating as much revenue because of the market fluctuations here in the United States."[23] According to Giannoulias, the Israel Bonds will mature in three years with a 2.43% rate of return, compared to U.S. government bonds yielding a 1.51% return during the same period.[24]

Scholarship programs

In addition to revamping the Bright Start savings program, Giannoulias created several new scholarship programs for Illinois college students.

The Fallen Heroes Scholarship Program, which Giannoulias designed in a partnership with the Illinois Department of Veterans Affairs, awards an initial investment of $2,500 in college savings to children who have lost a parent in military service since 2001.[25]

In 2008, Giannoulias announced the creation of the Bright Start Scholarship Program, which will award $3.5 million in need-based scholarships over 7 years, until 2015.[26] More than 250 students received scholarships in 2008, the first year of the program.[27] The scholarships were designed by Giannoulias as a public–private partnership, with the funding for the scholarships donated by a private firm at no cost to the state or taxpayers.[28] Giannoulias also developed the Cultivate Illinois Excellence in Agriculture scholarship in 2008. This program awards ten $2,000 scholarships each year to students pursuing degrees in agriculture-related fields.[29]

Bright Start

As Illinois Treasurer, Giannoulias was responsible for overseeing the Illinois' Bright Start college saving program. Bright Start provides parents with the opportunity to invest in a tax-free account to save for their children's college education. Enrollees are eligible for several state tax benefits and can invest in various stock and bond options.[30] Before Giannoulias took office, SavingForCollege.com ranked Bright Start 47th out of 48 in the nation.[31] Giannoulias helped reform the program,[32] and Bright Start went from being one of the worst programs in the country to one of the best. Morningstar called the transformation "a Cinderella story."[33]

In 2008, one of the twenty-one funds in Bright Start, Core Plus, began experiencing excessive losses and eventually lost 38% of its value. In the same year, the overall Bright Start program's benchmark grew by 5.4%.[34] Within the Illinois Bright Start program, 2.5% of investors had invested their entire portfolios in Core Plus and suffered a 38% loss; others experienced smaller losses.[34]

As the Associated Press reported, "It turns out the Oppenheimer team handling Core Plus — a team the company has now fired — was putting money into risky, complicated investments that tanked in 2008 amid the general financial meltdown."[31] In 2009, Oregon,[35] Nebraska,[36] New Mexico,[37] Texas,[37] Maine[37] and Illinois[37] all investigated OppenheimerFunds' handling of their college savings programs for impermissible investments and misconduct. Oppenheimer was selected to lead the program by Giannoulias' predecessor, former Illinois Treasurer Judy Baar Topinka, in December 2006, a month before Giannoulias took office.[38]

After the credit markets collapsed in the fall, new contributions into the fund were halted on December 4, 2008.[31] In January 2009, the treasurer's office announced that no further contributions would be made to the Core Plus fund and that the state would be investigating the losses.[39]

According to the Associated Press, Illinois was the first state to take action.[31] In January 2009, at the request of Giannoulias, the Illinois Attorney General initiated its own probe of OppenheimerFunds, issuing subpoenas on the company.[34] At the time, the losses attributable to OppenheimerFunds' impermissible investments were estimated to be "in excess of $85 million."[34]

Despite the problem associated with OppenheimerFunds' handling of Core Plus, Bright Start remains a highly regarded 529 college savings program. In April 2009, Consumer Reports studied college savings programs across the country "to see how well they performed during last year's stock-market plunge."[40] Consumer Reports "found five that are worthy of an A," and ranked Bright Start as one of the top five college savings programs in the nation.[40] In April 2009, Money Magazine selected Bright Start as one of the "best low-risk 529 plans."[41] In December 2009, Kiplingers selected Bright Start as one of the best state 529 plans in the country, choosing it as the best plan for "low fees."[42] Morningstar, Inc., which had previously ranked Bright Start in its top 5 in 2008, has acknowledged the issues relating to Core Plus but, citing Illinois' swift action in dealing with the issue, reported in 2009 that "the plan still holds plenty of appeal."[43]

In December 2009, the Illinois Attorney General's Office and the Office of the State Treasurer announced that Illinois had reached a settlement with OppenheimerFunds.[44] Eligible accountholders who lost money in Core Plus would receive $77 million from OppenheimerFunds. As the scope of the settlement was expanded during negotiations with OppenheimerFunds to include more accountholders, the total loss addressed by the settlement is $150 million.[45] The payout from this settlement brings the losses for the 2.5% of Bright Start investors who were fully invested in Core Plus down to 17%.

The Treasurer's Office used some of the investment fees from the Bright Start program to purchase a hybrid vehicle "so Bright Start staff have a way to travel the state and sign families up for the program" and used to promote other Treasurer's Office programs.[46] The vehicle was never used for personal use by Giannoulias.[46]

Other efforts as Treasurer

Giannoulias started a pilot program in 2007 to sell the abandoned contents of safe deposit boxes on eBay, scrapping the state's annual live auctions.[47]

Broadway Bank

From 2002 to 2006, Giannoulias worked as a senior loan officer and vice president at Broadway Bank, a community bank founded by his father. When he left the bank in 2006, it was one of the most profitable banks in Illinois.[citation needed] Four years later, on January 26, 2010, Broadway Bank entered into a consent decree with the FDIC that ordered Broadway to increase its capital.[48] Two dozen small- to medium-sized banks in Illinois and nearly 200 banks nationwide have failed since the October 2008 economic crash.[49]

Broadway Bank's struggling financial situation is due to delinquent real estate loans and foreclosed properties. From 2002 to 2006, Broadway's lending in construction and development loans increased sixfold, to $356 million.[50] During Giannoulias' tenure, Broadway also increased its brokered deposits, which generally command high interest rates. When Giannoulias left the bank in 2006, brokered deposits made up 80% of all deposits at Broadway.[50] When the housing market crashed in late 2008, commercial real estate loan performance deteriorated and Broadway Bank, which had focused its lending in real estate, suffered.[51]

Nine percent of the value of the bad loans originated while Giannoulias was chief loan officer.[51]:1

At the end of business on Friday, April 23, 2010 (2010-04-23), the Illinois Department of Financial and Professional Regulation, Division of Banking, seized Broadway Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC in turn named MB Financial Bank as the institution receiving Broadway Bank's deposit accounts. The FDIC announced that it and MB Financial Bank would share $878.4 million in losses, for a cost of $394.3 million to the federal Deposit Insurance Fund.[52]

Loans made by Broadway Bank

Broadway Bank made real estate development loans to Tony Rezko, a political fundraiser and real estate developer who was later convicted of fraud and money laundering. Broadway Bank made these loans before Rezko was investigated, indicted, or convicted for any crimes, but not before the criminal conduct took place.[53] Before his conviction, Rezko also received loans from other Chicago banks, including Bank of Chicago, First Bank and Trust of Illinois, GE Capital, Harris Trust and Savings, LaSalle Bank, and Manufacturers Bank.[53]

Giannoulias himself did not make the Rezko loans.[54]

Rezko defaulted on loans made by Broadway, and, in 2006 Broadway was the first bank to foreclose on one of Rezko's delinquent loans, forcing him to declare bankruptcy.[55] Broadway Bank also refused to cover nine bad checks written by Rezko for a total of $450,000 in early 2008[56]

Giannoulias never accepted campaign contributions from Rezko.[45]

Broadway Bank also loaned money for real estate developments to Michael Giorango, who has been convicted for prostitution and bookmaking.[14] Giannoulias has stated that he was not part of the loan committee that approved the loans to Giorango.[57]

2010 U.S. Senate campaign

Giannoulias ran against Republican nominee Mark Kirk, Green Party nominee LeAlan Jones, and Libertarian nominee Mike Labno. As a candidate, Giannoulias pledged to create a "Senate Progressive Caucus", akin to the Congressional Progressive Caucus (CPC) in the House of Representatives.[58]

On March 2, 2009, Giannoulias stated on CNBC that he was forming an exploratory committee in order to assess a potential candidacy for the US Senate in 2010. On July 26, 2009, he officially announced his candidacy for the United States Senate at the Hilton Chicago, the same place then-Senator Barack Obama endorsed Giannoulias for State Treasurer in 2006. He was introduced to the crowd by Congressman Bill Foster. He lost to Republican Congressman Mark Kirk.

Giannoulias was elected the Democratic nominee for US Senate in Illinois in the February 2, 2010, primary, with 39.0% of the vote. David H. Hoffman received 33.8% and Cheryle Jackson received 19.7%.[citation needed]

Endorsements

Giannoulias was endorsed by Planned Parenthood, the Service Employees International Union (SEIU), AFSCME, the AFL–CIO, the League of Conservation Voters, the Human Rights Campaign, the Chicago Sun-Times, and the Sierra Club (Planned Parenthood, the League of Conservation Voters, and the Human Rights Campaign had all supported Congressman Kirk in previous races).[59][60]

On May 28, 2010, the Human Rights Campaign (HRC) endorsed Giannoulias, calling him "a strident supporter of LGBT equality – including supporting marriage equality, repeal of the Defense of Marriage Act, repeal of "Don't Ask, Don't Tell" and supporting an inclusive Employment Non-Discrimination Act."[61]

Among his early endorsers were James Houlihan and Manny Flores.[62] U.S. Senator Dick Durbin, the Assistant Majority Leader and second-highest ranking Democrat in the Senate, endorsed Giannoulias and served as the chairman of the Giannoulias campaign.[63] President Obama expressed his support of Giannoulias' Senate bid and joined him on the campaign trail.[64]

Controversies

During Giannoulias' bid for the senate he faced attacks on his credibility, mostly stemming from his connection to his family owned bank. Broadway bank was shuttered and seized by the federal government and was alleged to have ties to the mafia. However, Giannoulias opponent, Congressman Mark Kirk, faced his own slew of controversies regarding his military service. [65]

Defeat

On November 2nd 2010 Congressman Mark Kirk beat Alexi Giannoulias for Illinois' open United States Senate seat with 48% of the vote, beating former Treasurer Giannoulias by a margin of 2% [66]

2022 Illinois Secretary of State campaign

Giannoulias announced he would run for Illinois Secretary of State to succeed retiring incumbent Jesse White. On June 28, 2022, he won the Democratic primary[67][68] On November 8, 2022, Giannoulias won the general election, defeating Republican Dan Brady.

References

  1. ^ . Chicago Tribune. November 3, 2010. Archived from the original on 2010-11-18. Retrieved November 3, 2010.
  2. ^ Spielman, Fran (June 26, 2018). "Giannoulias takes Library Board seat, but won't promise not to seek office again". chicago.suntimes.com. Chicago Sun Times. Retrieved November 25, 2018.
  3. ^ "Alexi Giannoulias cruises to victory in Democratic race for Illinois Secretary of State, will face Dan Brady in November". MSN. Retrieved 2022-06-30.
  4. ^ "Giannoulias scores political comeback with Democratic nomination for secretary of state". Chicago Sun-Times. 2022-06-29. Retrieved 2022-06-30.
  5. ^ a b c "Giannoulias follows Obama's steps". Greek News. February 8, 2010. from the original on 2011-07-24. Retrieved March 27, 2010.
  6. ^ Chase, John (January 15, 2010). . Chicago Tribune. Archived from the original on October 8, 2010. Retrieved March 27, 2010.
  7. ^ Obama's basketball pal for governor? 2008-12-11 at the Wayback Machine December 8, 2008, Chicago Sun Times
  8. ^ a b Meet Treasurer Giannoulias Official Website
  9. ^ "Alexi Giannoulias ties the knot with Jo Terlato". Crain's Chicago Business. February 18, 2014. Retrieved June 17, 2020.
  10. ^ "Alexi Giannoulias gains wisdom". shiakapos.com. August 31, 2017. Retrieved June 17, 2020.
  11. ^ . SPLASH. April 23, 2015. Archived from the original on 2020-06-17. Retrieved 2020-06-17.
  12. ^ Chase, John. Race for treasurer splits Democrats. Chicago Tribune. February 3, 2006
  13. ^ Kraushaar, Josh. The Obama-Giannoulias relationship. Politico. 18 June 2009.
  14. ^ a b Dumke, Mick (2009-12-03). "Alexi's Albatross: Can Alexi Giannoulias shake off the problems plaguing his family's bank to win Obama's old Senate seat?". Chicago Reader. Chicago: Creative Loafing. from the original on 2010-06-12. Retrieved 2010-04-24.
  15. ^ "Alexi Giannoulias for state treasurer." The Chicago Sun-Times. Editorial. 24 October 2006
  16. ^ Alexi Giannoulias - Illinois State Treasurer
  17. ^ St. Louis hotel scheduled for judicial sale Associated Press Suhr, Jim
  18. ^ Mendell, David. "State ready to close books on debt-plagued hotel" Chicago Tribune. January 16, 2008
  19. ^ "Durbin takes the reins of Giannoulias' Senate bid." Chicago Sun-Times. February 7, 2010
  20. ^ a b Palank, Jacqueline. Hartmarx Hero Wins Senate Primary. The Wall Street Journal. February 3, 2010.
  21. ^ "Hartmarx Bankruptcy: Workers At Obama's Suit Maker Pin Hopes On British Company" Associated Press.
  22. ^ State offers $1,000 rebate to hybrid-vehicle buyers. Chicago Tribune Metro section, page 3. July 16, 2007
  23. ^ State Purchases $10 million in Israel Bonds January 28, 2009, Illinois Treasury Press Release.
  24. ^ Illinois makes major Israel Bonds purchase 2009-01-30 at the Wayback Machine by Eric Fingerhut, January 28, 2009
  25. ^ "Helping fallen heroes' kids; State officials unveil scholarship program." Chicago Tribune, January 28, 2008
  26. ^ Giannoulias commits $3.5 million to Illinois college scholarships. Illinois State Treasurer website. 28 April 2008.
  27. ^ Giannoulias congratulates Illinois students selected for Bright Start scholarships. Illinois State Treasurer website. 8 January 2009.
  28. ^ "$3.5 million to help with college costs." Chicago Tribune, April 29, 2008
  29. ^ Agriculture scholarships available to Illinois students. Morris Daily Herald. 16 March 2010.
  30. ^ About Bright Start 2011-07-08 at the Wayback Machine Brightstartsavings.com
  31. ^ a b c d Wills, Christopher. Fact Check: Giannoulias faces trouble over Bright Start. 2011-07-16 at the Wayback Machine Associated Press. 11 January 2010.
  32. ^ Bright Start college savings program under new management. The Pantagraph. 12 March 2007.
  33. ^ Norton, Marta. The Best and Worst 529 College-Savings Plans. Morningstar. 16 April 2008.
  34. ^ a b c d State initiates probe of OppenheimerFunds. Illinois State Treasurer website. 26 January 2009.
  35. ^ Oregon Sues Over Risks Taken In Its '529' Fund
  36. ^ Neb. try to recoup college-savings losses[permanent dead link]
  37. ^ a b c d OppenheimerFunds under scrutiny. Bloomberg News. 8 April 2009.
  38. ^ Savage, Terry. State's college saving plan is tops, and just got better. 2007-02-22 at the Wayback Machine Chicago Sun-Times. 21 December 2006.
  39. ^ Savage, Terry. Ill. wants Bright Start College Savings program's $85M back. 2010-02-10 at the Wayback Machine Chicago Sun-Times. 14 January 2009.
  40. ^ a b Savings plans that make the grade. Consumer Reports. April 2009.
  41. ^ Wang, Penelope. "Best low-risk 529 plans". CNN. from the original on 2011-03-19. Retrieved April 3, 2010.
  42. ^ 2009 Best List: College. Kiplingers Personal Finance. December 2009.
  43. ^ Brown, Greg. The Best and Worst 529 College-Savings Plans. Morningstar. 23 April 2009.
  44. ^ ILLINOIS REACHES $77 MILLION BRIGHT START SETTLEMENT WITH OPPENHEIMER. Office of Illinois State Treasurer. 22 December 2009.
  45. ^ a b Yeagle, Patrick (2010-01-21). "The man who would be senator". Illinois Times. Springfield, Illinois. from the original on 2011-07-17.
  46. ^ a b Garcia, Monique. Treasurer defends SUV purchase from college savings program. Chicago Tribune. 4 May 2009.
  47. ^ Eckinger, Helen. State plans ‘virtual yard sale’ of unclaimed property August 14, 2007[dead link]
  48. ^ Daniels, Steve. "Regulators clamp down on Giannoulias' Broadway Bank". Crain's Chicago Business. Crain Communications. Retrieved 2010-04-24.
  49. ^ Failed Bank List. Federal Deposit Insurance Corporation.
  50. ^ a b Greising, David. As Lender, Giannoulias Impacted Bank Woes. 2010-02-03 at the Wayback Machine Chicago News Cooperative. 31 January 2010.
  51. ^ a b Yerak, Becky. As Senate campaign heats up, Giannoulias family races to avoid collapse of its bank. Chicago Tribune. 28 February 2010.
  52. ^ "Information for Broadway Bank, Chicago, IL". Federal Deposit Insurance Corporation. 2010-04-23. from the original on 2010-12-14. Retrieved 2010-04-24.
  53. ^ a b The Truth About The Bank. The Truth About Alexi.
  54. ^ Sweet, Lynn. Dems at risk of losing Obama's old Senate seat. 2010-02-04 at the Wayback Machine Chicago Sun-Times. 15 November 2009.
  55. ^ Rezko project heads to bankruptcy court
  56. ^ Gallun, Alby., Corfman, Thomas A. Chicago Business. 22 May 2006.
  57. ^ Jackson, David., Chase, John., Gibson, Ray. Giannoulias family bank made $20 million in loans to felons. Chicago Breaking News. 2 April 2010.
  58. ^ "Alexi Giannoulias, Illinois Senate Candidate, Pledges To Create Senate Progressive Caucus". HuffPost. 2010-08-13. Retrieved 2021-10-25.
  59. ^ Endorsements. 2009-11-15 at the Wayback Machine Alexi Giannoulias: Democrat for Senate.
  60. ^ Kirk loses backing of two environmental groups 2010-06-11 at the Wayback Machine, Abdon M. Pallasch, Chicago Sun-Times, June 8, 2010
  61. ^ Human Rights Campaign. HRC Announces Endorsement of Alexi Giannoulias for Senate 2010-06-03 at the Wayback Machine 28 May 2010.
  62. ^ Dumke, Mick (3 December 2009). "Alexi's Albatross". Chicago Reader.
  63. ^ Sweet, Lynn. Durbin to chair Giannoulias Illinois Senate campaign. 2010-04-19 at the Wayback Machine Chicago Sun-Times. 7 February 2010.
  64. ^ . Archived from the original on 2010-08-12. Retrieved 2010-08-11. "Alexi for Illinois." 5 August 2010.
  65. ^ Sanchez, Ray (2 November 2010). "Republican Mark Kirk Defeats Alexi Giannoulias in Illinois Senate Race". ABC News. Retrieved 4 February 2023.
  66. ^ Markis, A. (3 November 2010). "RAlexi Giannoulias Lost Senate Seat Previously Held by Barack Obama in IL". Greekreporter.com. Retrieved 4 February 2023.
  67. ^ Hinton, Rachel (2 March 2021). "State Sen. Michael Hastings to join crowded field seeking to succeed Illinois Secretary of State Jesse White". Chicago Sun-Times. Retrieved 6 March 2021.
  68. ^ "Illinois statewide races: Alexi Giannoulias the Democratic winner for secretary of state, while Thomas DeVore wins GOP nod for attorney general". MSN. Retrieved 2022-06-30.

External links

Party political offices
Preceded by Democratic nominee for Treasurer of Illinois
2006
Succeeded by
Preceded by Democratic nominee for U.S. Senator from Illinois
(Class 3)

2010
Succeeded by
Preceded by Democratic nominee for Secretary of State of Illinois
2022
Most recent
Political offices
Preceded by Treasurer of Illinois
2007–2011
Succeeded by
Preceded by Secretary of State of Illinois
2023–present
Incumbent

alexi, giannoulias, alexander, giannoulias, born, march, 1976, american, financier, politician, illinois, secretary, state, previously, served, 72nd, illinois, treasurer, from, 2007, 2011, 38th, secretary, state, illinoisincumbentassumed, office, january, 2023. Alexander Giannoulias e ˈ l ɛ k s i dʒ e ˈ n uː l i e s je NOO lee es born March 16 1976 is an American financier and politician who is the Illinois secretary of state He previously served as the 72nd Illinois Treasurer from 2007 to 2011 Alexi Giannoulias38th Secretary of State of IllinoisIncumbentAssumed office January 9 2023GovernorJ B PritzkerPreceded byJesse White72nd Treasurer of IllinoisIn office January 8 2007 January 10 2011GovernorRod BlagojevichPat QuinnPreceded byJudy Baar TopinkaSucceeded byDan RutherfordPersonal detailsBornAlexander Giannoulias 1976 03 16 March 16 1976 age 47 Chicago Illinois U S Political partyDemocraticSpouseJo TerlatoEducationUniversity of ChicagoBoston University BA Tulane University JD A Democrat Giannoulias defeated Republican candidate State Senator Christine Radogno in November 2006 with 54 percent of the vote becoming the first Democrat to hold the office in 12 years at the age of 30 Giannoulias was a candidate in the 2010 elections for the seat in the United States Senate held by Roland Burris Burris who was appointed by Governor Rod Blagojevich to fill the seat vacated by Barack Obama following Obama s election as President of the United States chose not to seek election Giannoulias won the Democratic primary in February 2010 and narrowly lost the general elections in November 2010 to Republican Mark Kirk 1 After 2010 Giannoulias mostly stepped back from public life and served as Senior Director of BNY Mellon Wealth Management On June 26 2018 he was confirmed to the Chicago Public Library Board marking his first return to public service since leaving the Treasurer s office 2 Giannoulias was elected secretary of state in the 2022 election defeating Dan Brady to succeed longtime incumbent Jesse White 3 4 Contents 1 Background 2 Personal life 3 2006 campaign for Illinois State Treasurer 4 Actions in office 4 1 Ethics reform 4 2 Hartmarx 4 3 Green Rewards 4 4 Purchase of Israel Bonds 4 5 Scholarship programs 4 6 Bright Start 4 7 Other efforts as Treasurer 5 Broadway Bank 5 1 Loans made by Broadway Bank 6 2010 U S Senate campaign 6 1 Endorsements 6 2 Controversies 6 3 Defeat 7 2022 Illinois Secretary of State campaign 8 References 9 External linksBackground EditGiannoulias was born in Chicago Illinois to Greek immigrants His mother Anna is from Chania and his late father Alexis was from Kalavryta 5 He has two older brothers Demetris and George 6 Giannoulias attended The Latin School of Chicago and then the University of Chicago before transferring to Boston University Giannoulias graduated cum laude with a bachelor s degree in economics He then moved to Greece to play basketball with Panionios B C for a year 1998 99 5 Giannoulias had played basketball at The Latin School of Chicago 7 and played Division III basketball at the University of Chicago He then played Division I basketball at Boston University After returning from Greece Giannoulias attended Tulane University Law School Upon earning his J D degree Alexi returned to Chicago to help manage Broadway Bank a community bank in Chicago s Edgewater neighborhood that was founded by his father in 1979 5 Giannoulias served on the board of directors of the Community Banker s Association of Illinois Legislative Committee the South Side Wabash YMCA and the Edgewater Chamber of Commerce Giannoulias also founded and chaired the AG Foundation a not for profit charity that donated money to treat child related illnesses curb poverty and assist disaster relief organizations 8 Personal life EditHe is married to Jo Terlato 9 10 11 2006 campaign for Illinois State Treasurer EditSee also 2006 Illinois state elections Treasurer Although the state Democratic Party led by House Speaker Mike Madigan backed his opponent Paul Mangieri in the primary Giannoulias was endorsed by U S Representatives Jan Schakowsky Jesse Jackson Jr 12 and by then Senator Barack Obama 13 14 The Chicago Sun Times news group also endorsed Giannoulias in the general election arguing that he would bring valuable private enterprise experience from banking to the job and praising his creative policy proposals like a securities lending program improving Bright Start and promoting green energy 15 Running on a campaign platform that emphasized comprehensive ethics reform for the Treasurer s office 16 Giannoulias won the March 2006 primary and went on to defeat Republican candidate Christine Radogno in the general election Actions in office Edit Alexi Giannoulias Official Portrait As State Treasurer Ethics reform Edit On his first day as State Treasurer Giannoulias signed an executive order to enact the most comprehensive widest ranging ethics package of any elected official in the state according to his official state website The order prohibits the Treasurer from accepting contributions from banks Treasurer s Office employees and contractors who do business with the office 8 He also moved to foreclose on two debt ridden hotels built in the 1980s by politically connected insiders in Springfield and Collinsville 17 18 Hartmarx Edit In 2009 Giannoulias worked to encourage Wells Fargo to cooperate in the sale of Chicago based clothing manufacturer Hartmarx Corp which was at risk of liquidation and had filed for Chapter 11 protection The success of this sale with Giannoulias support saved over 600 jobs at an Illinois Hartmarx factory that otherwise would have been closed 19 Wells Fargo a primary lender for Hartmarx is also the money custodian for the treasurer s office holding its cash and other financial assets 20 Giannoulias publicly challenged Wells Fargo s obstruction of the sale stating that Wells Fargo s intention to liquidate Hartmarx rather than allow a sale to buyers intent on keeping the company running will significantly jeopardize the business relationship between Wells Fargo and the state of Illinois 20 Giannoulias cited the fact Wells Fargo received over 25 billion in federal TARP bailout funds as further reason why the bank should have supported the sale of Hartmarx instead of pursuing the company s liquidation In a public statement Giannoulias said We expect companies that get state and federal taxpayer money to invest it in American jobs and American workers not destroy companies that still have a chance to succeed 21 Green Rewards Edit Giannoulias launched the Green Rewards program which gives a 1 000 rebate to Illinois residents who purchase a new hybrid or other fuel efficient vehicle 22 Purchase of Israel Bonds Edit In January 2009 the state of Illinois purchased 10 million worth of Israel Bonds Giannoulias said This is a good way to safely diversify our portfolio especially during a time when some of our other investment options aren t generating as much revenue because of the market fluctuations here in the United States 23 According to Giannoulias the Israel Bonds will mature in three years with a 2 43 rate of return compared to U S government bonds yielding a 1 51 return during the same period 24 Scholarship programs Edit In addition to revamping the Bright Start savings program Giannoulias created several new scholarship programs for Illinois college students The Fallen Heroes Scholarship Program which Giannoulias designed in a partnership with the Illinois Department of Veterans Affairs awards an initial investment of 2 500 in college savings to children who have lost a parent in military service since 2001 25 In 2008 Giannoulias announced the creation of the Bright Start Scholarship Program which will award 3 5 million in need based scholarships over 7 years until 2015 26 More than 250 students received scholarships in 2008 the first year of the program 27 The scholarships were designed by Giannoulias as a public private partnership with the funding for the scholarships donated by a private firm at no cost to the state or taxpayers 28 Giannoulias also developed the Cultivate Illinois Excellence in Agriculture scholarship in 2008 This program awards ten 2 000 scholarships each year to students pursuing degrees in agriculture related fields 29 Bright Start Edit As Illinois Treasurer Giannoulias was responsible for overseeing the Illinois Bright Start college saving program Bright Start provides parents with the opportunity to invest in a tax free account to save for their children s college education Enrollees are eligible for several state tax benefits and can invest in various stock and bond options 30 Before Giannoulias took office SavingForCollege com ranked Bright Start 47th out of 48 in the nation 31 Giannoulias helped reform the program 32 and Bright Start went from being one of the worst programs in the country to one of the best Morningstar called the transformation a Cinderella story 33 In 2008 one of the twenty one funds in Bright Start Core Plus began experiencing excessive losses and eventually lost 38 of its value In the same year the overall Bright Start program s benchmark grew by 5 4 34 Within the Illinois Bright Start program 2 5 of investors had invested their entire portfolios in Core Plus and suffered a 38 loss others experienced smaller losses 34 As the Associated Press reported It turns out the Oppenheimer team handling Core Plus a team the company has now fired was putting money into risky complicated investments that tanked in 2008 amid the general financial meltdown 31 In 2009 Oregon 35 Nebraska 36 New Mexico 37 Texas 37 Maine 37 and Illinois 37 all investigated OppenheimerFunds handling of their college savings programs for impermissible investments and misconduct Oppenheimer was selected to lead the program by Giannoulias predecessor former Illinois Treasurer Judy Baar Topinka in December 2006 a month before Giannoulias took office 38 After the credit markets collapsed in the fall new contributions into the fund were halted on December 4 2008 31 In January 2009 the treasurer s office announced that no further contributions would be made to the Core Plus fund and that the state would be investigating the losses 39 According to the Associated Press Illinois was the first state to take action 31 In January 2009 at the request of Giannoulias the Illinois Attorney General initiated its own probe of OppenheimerFunds issuing subpoenas on the company 34 At the time the losses attributable to OppenheimerFunds impermissible investments were estimated to be in excess of 85 million 34 Despite the problem associated with OppenheimerFunds handling of Core Plus Bright Start remains a highly regarded 529 college savings program In April 2009 Consumer Reports studied college savings programs across the country to see how well they performed during last year s stock market plunge 40 Consumer Reports found five that are worthy of an A and ranked Bright Start as one of the top five college savings programs in the nation 40 In April 2009 Money Magazine selected Bright Start as one of the best low risk 529 plans 41 In December 2009 Kiplingers selected Bright Start as one of the best state 529 plans in the country choosing it as the best plan for low fees 42 Morningstar Inc which had previously ranked Bright Start in its top 5 in 2008 has acknowledged the issues relating to Core Plus but citing Illinois swift action in dealing with the issue reported in 2009 that the plan still holds plenty of appeal 43 In December 2009 the Illinois Attorney General s Office and the Office of the State Treasurer announced that Illinois had reached a settlement with OppenheimerFunds 44 Eligible accountholders who lost money in Core Plus would receive 77 million from OppenheimerFunds As the scope of the settlement was expanded during negotiations with OppenheimerFunds to include more accountholders the total loss addressed by the settlement is 150 million 45 The payout from this settlement brings the losses for the 2 5 of Bright Start investors who were fully invested in Core Plus down to 17 The Treasurer s Office used some of the investment fees from the Bright Start program to purchase a hybrid vehicle so Bright Start staff have a way to travel the state and sign families up for the program and used to promote other Treasurer s Office programs 46 The vehicle was never used for personal use by Giannoulias 46 Other efforts as Treasurer Edit Giannoulias started a pilot program in 2007 to sell the abandoned contents of safe deposit boxes on eBay scrapping the state s annual live auctions 47 Broadway Bank EditSee also Broadway Bank Illinois From 2002 to 2006 Giannoulias worked as a senior loan officer and vice president at Broadway Bank a community bank founded by his father When he left the bank in 2006 it was one of the most profitable banks in Illinois citation needed Four years later on January 26 2010 Broadway Bank entered into a consent decree with the FDIC that ordered Broadway to increase its capital 48 Two dozen small to medium sized banks in Illinois and nearly 200 banks nationwide have failed since the October 2008 economic crash 49 Broadway Bank s struggling financial situation is due to delinquent real estate loans and foreclosed properties From 2002 to 2006 Broadway s lending in construction and development loans increased sixfold to 356 million 50 During Giannoulias tenure Broadway also increased its brokered deposits which generally command high interest rates When Giannoulias left the bank in 2006 brokered deposits made up 80 of all deposits at Broadway 50 When the housing market crashed in late 2008 commercial real estate loan performance deteriorated and Broadway Bank which had focused its lending in real estate suffered 51 Nine percent of the value of the bad loans originated while Giannoulias was chief loan officer 51 1At the end of business on Friday April 23 2010 2010 04 23 the Illinois Department of Financial and Professional Regulation Division of Banking seized Broadway Bank and appointed the Federal Deposit Insurance Corporation FDIC as receiver The FDIC in turn named MB Financial Bank as the institution receiving Broadway Bank s deposit accounts The FDIC announced that it and MB Financial Bank would share 878 4 million in losses for a cost of 394 3 million to the federal Deposit Insurance Fund 52 Loans made by Broadway Bank Edit Broadway Bank made real estate development loans to Tony Rezko a political fundraiser and real estate developer who was later convicted of fraud and money laundering Broadway Bank made these loans before Rezko was investigated indicted or convicted for any crimes but not before the criminal conduct took place 53 Before his conviction Rezko also received loans from other Chicago banks including Bank of Chicago First Bank and Trust of Illinois GE Capital Harris Trust and Savings LaSalle Bank and Manufacturers Bank 53 Giannoulias himself did not make the Rezko loans 54 Rezko defaulted on loans made by Broadway and in 2006 Broadway was the first bank to foreclose on one of Rezko s delinquent loans forcing him to declare bankruptcy 55 Broadway Bank also refused to cover nine bad checks written by Rezko for a total of 450 000 in early 2008 56 Giannoulias never accepted campaign contributions from Rezko 45 Broadway Bank also loaned money for real estate developments to Michael Giorango who has been convicted for prostitution and bookmaking 14 Giannoulias has stated that he was not part of the loan committee that approved the loans to Giorango 57 2010 U S Senate campaign EditMain article 2010 United States Senate elections in Illinois Giannoulias ran against Republican nominee Mark Kirk Green Party nominee LeAlan Jones and Libertarian nominee Mike Labno As a candidate Giannoulias pledged to create a Senate Progressive Caucus akin to the Congressional Progressive Caucus CPC in the House of Representatives 58 On March 2 2009 Giannoulias stated on CNBC that he was forming an exploratory committee in order to assess a potential candidacy for the US Senate in 2010 On July 26 2009 he officially announced his candidacy for the United States Senate at the Hilton Chicago the same place then Senator Barack Obama endorsed Giannoulias for State Treasurer in 2006 He was introduced to the crowd by Congressman Bill Foster He lost to Republican Congressman Mark Kirk Giannoulias was elected the Democratic nominee for US Senate in Illinois in the February 2 2010 primary with 39 0 of the vote David H Hoffman received 33 8 and Cheryle Jackson received 19 7 citation needed Endorsements Edit Giannoulias was endorsed by Planned Parenthood the Service Employees International Union SEIU AFSCME the AFL CIO the League of Conservation Voters the Human Rights Campaign the Chicago Sun Times and the Sierra Club Planned Parenthood the League of Conservation Voters and the Human Rights Campaign had all supported Congressman Kirk in previous races 59 60 On May 28 2010 the Human Rights Campaign HRC endorsed Giannoulias calling him a strident supporter of LGBT equality including supporting marriage equality repeal of the Defense of Marriage Act repeal of Don t Ask Don t Tell and supporting an inclusive Employment Non Discrimination Act 61 Among his early endorsers were James Houlihan and Manny Flores 62 U S Senator Dick Durbin the Assistant Majority Leader and second highest ranking Democrat in the Senate endorsed Giannoulias and served as the chairman of the Giannoulias campaign 63 President Obama expressed his support of Giannoulias Senate bid and joined him on the campaign trail 64 Controversies Edit During Giannoulias bid for the senate he faced attacks on his credibility mostly stemming from his connection to his family owned bank Broadway bank was shuttered and seized by the federal government and was alleged to have ties to the mafia However Giannoulias opponent Congressman Mark Kirk faced his own slew of controversies regarding his military service 65 Defeat Edit On November 2nd 2010 Congressman Mark Kirk beat Alexi Giannoulias for Illinois open United States Senate seat with 48 of the vote beating former Treasurer Giannoulias by a margin of 2 66 2022 Illinois Secretary of State campaign EditMain article 2022 Illinois Secretary of State election Giannoulias announced he would run for Illinois Secretary of State to succeed retiring incumbent Jesse White On June 28 2022 he won the Democratic primary 67 68 On November 8 2022 Giannoulias won the general election defeating Republican Dan Brady References Edit Live election results Chicago Tribune November 3 2010 Archived from the original on 2010 11 18 Retrieved November 3 2010 Spielman Fran June 26 2018 Giannoulias takes Library Board seat but won t promise not to seek office again chicago suntimes com Chicago Sun Times Retrieved November 25 2018 Alexi Giannoulias cruises to victory in Democratic race for Illinois Secretary of State will face Dan Brady in November MSN Retrieved 2022 06 30 Giannoulias scores political comeback with Democratic nomination for secretary of state Chicago Sun Times 2022 06 29 Retrieved 2022 06 30 a b c Giannoulias follows Obama s steps Greek News February 8 2010 Archived from the original on 2011 07 24 Retrieved March 27 2010 Chase John January 15 2010 Profile Alexi Giannoulias runs for U S Senate with President Barack Obama as a mentor Chicago Tribune Archived from the original on October 8 2010 Retrieved March 27 2010 Obama s basketball pal for governor Archived 2008 12 11 at the Wayback Machine December 8 2008 Chicago Sun Times a b Meet Treasurer Giannoulias Official Website Alexi Giannoulias ties the knot with Jo Terlato Crain s Chicago Business February 18 2014 Retrieved June 17 2020 Alexi Giannoulias gains wisdom shiakapos com August 31 2017 Retrieved June 17 2020 Who to Watch Jo Terlato Giannoulias SPLASH April 23 2015 Archived from the original on 2020 06 17 Retrieved 2020 06 17 Chase John Race for treasurer splits Democrats Chicago Tribune February 3 2006 Kraushaar Josh The Obama Giannoulias relationship Politico 18 June 2009 a b Dumke Mick 2009 12 03 Alexi s Albatross Can Alexi Giannoulias shake off the problems plaguing his family s bank to win Obama s old Senate seat Chicago Reader Chicago Creative Loafing Archived from the original on 2010 06 12 Retrieved 2010 04 24 Alexi Giannoulias for state treasurer The Chicago Sun Times Editorial 24 October 2006 Alexi Giannoulias Illinois State Treasurer St Louis hotel scheduled for judicial sale Associated Press Suhr Jim Mendell David State ready to close books on debt plagued hotel Chicago Tribune January 16 2008 Durbin takes the reins of Giannoulias Senate bid Chicago Sun Times February 7 2010 a b Palank Jacqueline Hartmarx Hero Wins Senate Primary The Wall Street Journal February 3 2010 Hartmarx Bankruptcy Workers At Obama s Suit Maker Pin Hopes On British Company Associated Press State offers 1 000 rebate to hybrid vehicle buyers Chicago Tribune Metro section page 3 July 16 2007 State Purchases 10 million in Israel Bonds January 28 2009 Illinois Treasury Press Release Illinois makes major Israel Bonds purchase Archived 2009 01 30 at the Wayback Machine by Eric Fingerhut January 28 2009 Helping fallen heroes kids State officials unveil scholarship program Chicago Tribune January 28 2008 Giannoulias commits 3 5 million to Illinois college scholarships Illinois State Treasurer website 28 April 2008 Giannoulias congratulates Illinois students selected for Bright Start scholarships Illinois State Treasurer website 8 January 2009 3 5 million to help with college costs Chicago Tribune April 29 2008 Agriculture scholarships available to Illinois students Morris Daily Herald 16 March 2010 About Bright Start Archived 2011 07 08 at the Wayback Machine Brightstartsavings com a b c d Wills Christopher Fact Check Giannoulias faces trouble over Bright Start Archived 2011 07 16 at the Wayback Machine Associated Press 11 January 2010 Bright Start college savings program under new management The Pantagraph 12 March 2007 Norton Marta The Best and Worst 529 College Savings Plans Morningstar 16 April 2008 a b c d State initiates probe of OppenheimerFunds Illinois State Treasurer website 26 January 2009 Oregon Sues Over Risks Taken In Its 529 Fund Neb try to recoup college savings losses permanent dead link a b c d OppenheimerFunds under scrutiny Bloomberg News 8 April 2009 Savage Terry State s college saving plan is tops and just got better Archived 2007 02 22 at the Wayback Machine Chicago Sun Times 21 December 2006 Savage Terry Ill wants Bright Start College Savings program s 85M back Archived 2010 02 10 at the Wayback Machine Chicago Sun Times 14 January 2009 a b Savings plans that make the grade Consumer Reports April 2009 Wang Penelope Best low risk 529 plans CNN Archived from the original on 2011 03 19 Retrieved April 3 2010 2009 Best List College Kiplingers Personal Finance December 2009 Brown Greg The Best and Worst 529 College Savings Plans Morningstar 23 April 2009 ILLINOIS REACHES 77 MILLION BRIGHT START SETTLEMENT WITH OPPENHEIMER Office of Illinois State Treasurer 22 December 2009 a b Yeagle Patrick 2010 01 21 The man who would be senator Illinois Times Springfield Illinois Archived from the original on 2011 07 17 a b Garcia Monique Treasurer defends SUV purchase from college savings program Chicago Tribune 4 May 2009 Eckinger Helen State plans virtual yard sale of unclaimed property August 14 2007 dead link Daniels Steve Regulators clamp down on Giannoulias Broadway Bank Crain s Chicago Business Crain Communications Retrieved 2010 04 24 Failed Bank List Federal Deposit Insurance Corporation a b Greising David As Lender Giannoulias Impacted Bank Woes Archived 2010 02 03 at the Wayback Machine Chicago News Cooperative 31 January 2010 a b Yerak Becky As Senate campaign heats up Giannoulias family races to avoid collapse of its bank Chicago Tribune 28 February 2010 Information for Broadway Bank Chicago IL Federal Deposit Insurance Corporation 2010 04 23 Archived from the original on 2010 12 14 Retrieved 2010 04 24 a b The Truth About The Bank The Truth About Alexi Sweet Lynn Dems at risk of losing Obama s old Senate seat Archived 2010 02 04 at the Wayback Machine Chicago Sun Times 15 November 2009 Rezko project heads to bankruptcy court Gallun Alby Corfman Thomas A Rezko project heads to bankruptcy court Chicago Business 22 May 2006 Jackson David Chase John Gibson Ray Giannoulias family bank made 20 million in loans to felons Chicago Breaking News 2 April 2010 Alexi Giannoulias Illinois Senate Candidate Pledges To Create Senate Progressive Caucus HuffPost 2010 08 13 Retrieved 2021 10 25 Endorsements Archived 2009 11 15 at the Wayback Machine Alexi Giannoulias Democrat for Senate Kirk loses backing of two environmental groups Archived 2010 06 11 at the Wayback Machine Abdon M Pallasch Chicago Sun Times June 8 2010 Human Rights Campaign HRC Announces Endorsement of Alexi Giannoulias for Senate Archived 2010 06 03 at the Wayback Machine 28 May 2010 Dumke Mick 3 December 2009 Alexi s Albatross Chicago Reader Sweet Lynn Durbin to chair Giannoulias Illinois Senate campaign Archived 2010 04 19 at the Wayback Machine Chicago Sun Times 7 February 2010 President Obama Rallies Democrats for Alexi Alexi Giannoulias Democrat for U S Senate Illinois Archived from the original on 2010 08 12 Retrieved 2010 08 11 Alexi for Illinois 5 August 2010 Sanchez Ray 2 November 2010 Republican Mark Kirk Defeats Alexi Giannoulias in Illinois Senate Race ABC News Retrieved 4 February 2023 Markis A 3 November 2010 RAlexi Giannoulias Lost Senate Seat Previously Held by Barack Obama in IL Greekreporter com Retrieved 4 February 2023 Hinton Rachel 2 March 2021 State Sen Michael Hastings to join crowded field seeking to succeed Illinois Secretary of State Jesse White Chicago Sun Times Retrieved 6 March 2021 Illinois statewide races Alexi Giannoulias the Democratic winner for secretary of state while Thomas DeVore wins GOP nod for attorney general MSN Retrieved 2022 06 30 External links EditIllinois Secretary of State official website Campaign website Alexi for Senate Financial information federal office at the Federal Election Commission Profile at Vote Smart Campaign contributions at OpenSecrets orgParty political officesPreceded byTom Dart Democratic nominee for Treasurer of Illinois2006 Succeeded byRobin KellyPreceded byBarack Obama Democratic nominee for U S Senator from Illinois Class 3 2010 Succeeded byTammy DuckworthPreceded byJesse White Democratic nominee for Secretary of State of Illinois2022 Most recentPolitical officesPreceded byJudy Baar Topinka Treasurer of Illinois2007 2011 Succeeded byDan RutherfordPreceded byJesse White Secretary of State of Illinois2023 present Incumbent Retrieved from https en wikipedia org w index php title Alexi Giannoulias amp oldid 1146289996, wikipedia, wiki, book, books, library,

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