Paula and eric madoff nysif

New York State Insurance Fund Elects Eric Madoff

By Katlin Nash

The New York State Insurance Fund Board of Commissioners has elected Eric Madoff as its Executive Director. Mr. Madoff joins the Fund from the New York State Department of Financial Services (DFS), where he served as Chief of Staff from 2011 to 2013 where he was responsible for the operation of the agency and its 1,400 employees overseeing administration, finance, technology and other support areas, while implementing numerous initiatives to improve efficiency and customer service. It is well known that Mr. Madoff played an important role in the merger of the New York State Insurance and Banking departments to create DFS, negotiating labor issues with employee unions and helping to execute the transition under budget.

From 2009 to 2010, Mr. Madoff was Chief Investment and Strategy Officer for the New York Liquidation Bureau. He was responsible for $2 billion