Team

Jay Rising, Chief Financial Officer, was appointed by the Mayor to this position on January 18, 2021. Mr. Rising most recently served as Cabinet Secretary in Michigan Governor Gretchen Whitmer’s administration. Previously he served as the Chief Financial Officer to the Detroit Medical Center from 2006 to 2013, and later held other executive leadership positions with the Detroit Medical Center.  Mr. Rising has also served as the Michigan State Treasurer for Governor Jennifer Granholm (2003 to 2006), was a senior partner with the law firm Miller Canfield from 1991 to 2003 specializing in public finance, and was Chief Deputy State Treasurer prior to 1991.

John Naglick is the Chief Deputy CFO/Finance Director for the City of Detroit, reporting to the Chief Financial Officer. In conjunction with this position at the City, he serves as a Board Member for the General Retirement System, Police and Fire Retirement System, Downtown Development Authority and the Detroit Transportation Corporation (operator of the Detroit People Mover).  He is also an Adjunct Associate Professor at Walsh College where he has taught a number of classes over a span of ten years.  Prior to his current position, he was Finance Director for the City of Pontiac, Michigan from April, 2010 to October, 2013 and was a Director at AlixPartners LLP from 2007 to 2010.  Mr. Naglick earned BBA and MBA degrees from the University of Detroit.  He is also a licensed CPA in the State of Michigan.

Valerie Agolli joined the City of Detroit as Debt Manager in July 2018. Shortly after in December 2018, she worked on Detroit’s return to the bond markets on the City’s own full faith and credit, issuing the 2018 Unlimited Tax General Obligation bonds. In her role as Debt Manager, she oversees all debt offerings and compliance processes. Ms. Agolli brings two decades of public finance experience to Detroit, having served prior roles with the Michigan Department of Treasury and the Wayne County Department of Management and Budget. She holds a Master of Public Policy from the University of Michigan Gerald R. Ford School and a Bachelor of Arts in Psychology from University of Michigan-Dearborn.

Kevin Bain has served as the Associate Debt Manager in the City of Detroit Treasury since February 2021. A native of the Detroit area, Kevin received a dual BBA in International Finance and BA in Comparative Literature from the University of Michigan. He pursued an investment banking career in New York on Citigroup’s Debt Capital Markets desk, working on over $100 billion of bond transactions. Before returning to Detroit, he received his Master in Public Policy from the Harvard Kennedy School of Government with a concentration in Economic Development and consulted with the World Bank on Climate Resilience and Municipal Finance projects. Kevin served as a co-chair of Harvard’s inaugural schoolwide Climate Conference in 2020 and now sits on the national Government Financial Officers Association’s committee on Capital Planning and Economic Development. He is the Chair of the City’s LGBTQ+ and Friends Employee Resource Group.