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Learn about the Team at Detroit Investor Relations, including our CFO, Chief Deputy CFO/Finance Director, and Deputy CFO/Treasurer.
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 thirteen 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 registered CPA in the State of Michigan.
Nikhil Patel, Deputy CFO/Treasurer, was appointed by the CFO to this position on September 5th, 2023. In conjunction with this position at the City, he serves as a Board Member for the General Retirement System, Police and Fire Retirement System, and Employee Benefits Plan. Mr. Patel’s previous experience entails working with senior leaders across the public and private sectors. Notably, he worked as a Project Leader at the Boston Consulting Group, where he focused on corporate finance, growth strategy, capital allocation, and private equity. In government, he has served as Senior Advisor to Mayor Mike Duggan of the City of Detroit, working on a variety of strategic initiatives and special projects across city, county, state and federal government entities. Nikhil earned his Bachelor and Master of Science degrees from the University of Michigan and MBA from Harvard Business School.
Kevin Bain joined the City of Detroit as Associate Debt Manager in February 2021 and currently serves as Debt Manager. 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.
Sarah Patton has been with the City of Detroit since 2018, originally a Senior Financial Analyst with the Office of Departmental Financial Services - Government Operations and currently the Associate Debt Manager. Sarah received both her BBA in Finance and Master of Science in Finance locally from Eastern Michigan University. While at Eastern, Sarah was a part of the Honors College and served on the board for the Financial Management Association where she helped head the participation in FMA - EMU Chapter Trip for the year 2017.
Christina Shaw joined the City of Detroit's debt management team as a Financial Analyst in summer of 2023, after receiving a Master of Public Policy from the University of Chicago's Harris School of Public Policy. As a graduate student, Christina obtained a certificate in Municipal Finance, along with multiple related internships. Prior to her pivot into public finance, Christina worked in program analyst roles in the private and non-profit sectors. Christina was born and raised in Cleveland, OH, and received her BA from Wellesley College.