Governor Andrew M. Cuomo today announced the appointment of Adam Barsky as Board Chair of the Nassau County Interim Finance Authority. First established in 2000, NIFA is dedicated to ensuring that Nassau County implements necessary steps to close future financial budget gaps. The seven member board is appointed by the governor with two members recommended by the legislature and one member recommended by the state comptroller.
“Adam Barsky brings a depth and diversity of experience that is second to none, and I am confident his expertise will help better serve the residents of Nassau County and all New Yorkers,” Governor Cuomo said. “I thank him for his service and I look forward to working together to move New York forward.”
Mr. Barsky is an accomplished senior executive who brings more than 25 years of dedicated experience in management and public policy. Mr. Barsky currently serves as Executive Vice President and Chief Risk Officer of the Israel Discount Bank of New York. In that senior role, Mr. Barsky oversees all aspects of risk management for the bank including credit, market and operational risk, and strategic and reputation risk. Mr. Barsky also navigated the bank through the financial crisis of 2008, and most recently increased profitably and improved operational efficiency during a period of change in ownership.
Mr. Barsky has held numerous positions in state and local government including Deputy Secretary to the Governor for Public Authorities, Financing and Housing and New York City Issues under George Pataki. During the Pataki Administration, Mr. Barsky oversaw administration and capitol services for a diverse group of state agencies, including the Dormitory Authority, the Metropolitan Transit Authority, the Port Authority of New York and New Jersey, the Nassau County Interim Finance Authority and more.
Before that, Mr. Barsky served as Budget Director and Chief Financial Officer of the City of New York under Mayor Rudolph Giuliani from 2000-2002. In that role, Mr. Barsky was responsible for the preparation and management of the city’s $40 plus billion operating budget and $50 billion capital improvement plan. During the Giuliani administration, Mr. Barsky also served as Director of the Mayor’s Office of Operations from 1998 – 2000.
Mr. Barsky has worked as Chairman of the New York City Employees Retirement System, Chairman of the New York City Transitional Finance Authority, Acting Commissioner of the New York City Department of Finance, and Chief Financial Officer of the New York City Economic Development Corporation.
Mr. Barsky has served on numerous boards and professional associations, including the New York State Job Development Authority Board, the National and State Government Finance Officers Association, and the American Banking Association. He is a former member of the Alumni Board of Directors of SUNY at Albany, a former adjunct professor at the Baruch Graduate School of Public Affairs, and former member of the Board of Directors of the New York City Housing Development Corporation.
Mr. Barsky graduated cum laude from the State University of New York, Albany with a bachelor’s degree in Business Administration. He has also completed Columbia Business School’s Risk Management Executive Education Program.
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