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Commissioner makes four key appointments

February 14, 2011

Commissioner makes four key appointments

FOR IMMEDIATE RELEASE Monday, February 14, 2011

Rothman taps top talent for Administration, Insurance, and Financial Institutions

ST. PAUL, MN - Commissioner Mike Rothman announced the newest members of his leadership team today. Rothman tapped attorney and experienced manager Steve Carlson to serve as Deputy Commissioner of Administration. Kevin Murphy was re-appointed as Deputy Commissioner of Financial Institutions. Jaki Gardner will continue as Assistant Commissioner of Insurance, and April Todd-Malmov will serve as Health Insurance Exchange Director.

Steve Carlson - Deputy Commissioner of Administration
Commissioner Rothman is pleased to announce that Steve Carlson began last week at the Department of Commerce as Deputy Commissioner of Administration. In his new role, Carlson will be responsible for managing the administrative functions of the Commerce Department, as well as leading the Unclaimed Property, Weights and Measures, and Petrofund units.

"Steve Carlson, one of Minnesota's best and brightest, will strengthen our team at the Commerce Department," said Commissioner Rothman. "After more than three decades in both the private and public sectors, Steve has earned a stellar reputation. I am excited to welcome him to the Commerce Department."

Steve Carlson is an experienced attorney and manager with background in finance, commerce, and economic development. Carlson has spent more than 33 years in legal practice, including six in service to the United States Government. He previously chaired the Banking and Commercial Department at Dorsey & Whitney LLP, a business law firm headquartered in Minneapolis.

During his 25 years at Dorsey & Whitney, where he was a partner, Carlson also led the firm's Financial Services Regulatory Practice Group and the International Practice Group, among other management positions. His practice primarily focused on financial and commercial matters. Carlson's clients included the State of Minnesota, financial institutions, commercial businesses and agricultural cooperatives in Minnesota. He also led the firm's Pro Bono practice.

"It is a privilege to serve the people of Minnesota," Carlson said. "I am honored to join Commissioner Rothman's team at the Department of Commerce."

Carlson has a long record of civic engagement and public service. He currently chairs the American Swedish Institute Board of Trustees. Previously, Carlson served on the boards of The Advocates for Human Rights and the City of Edina Art Center.

Kevin Murphy - Deputy Commissioner of Financial Institutions
Kevin Murphy will continue as Deputy Commissioner of Financial Institutions. First appointed 1998, Kevin is responsible for the direct management of the examination and licensing programs for state-chartered financial institutions, insurance companies and consumer credit companies.

"Kevin Murphy's long record of outstanding service speaks for itself," said Commissioner Rothman. "Kevin is a responsible, capable leader; and an expert in his field. I am pleased he will continue his service to the Commerce Department and the people of Minnesota."

Prior to his work at the Commerce Department, Murphy worked 17 years for the Federal Deposit Insurance Corporation (FDIC) and 13 years as a private sector banking consultant.

His FDIC experience includes ten years as a bank examiner in the Midwest and New England, three years at FDIC headquarters in Washington, D.C., and 3½ years as Assistant Regional Director of the FDIC's Minneapolis Regional Office from 1982 to 1986.

Murphy's consulting experience includes expert testimony in banking litigation, service as an arbitrator in a complex banking dispute, advising bankers concerning regulatory problems, appraisals of closely held bank stock and feasibility studies for proposed new banks. He has also served as a director of two community banks.

Outside of his role at the Commerce Department, Kevin is director and treasurer of the Minnesota Jump$tart Coalition, a nonprofit organization dedicated to improving the financial literacy of Minnesota youth. He serves on the ten member bipartisan legislative Ladder out of Poverty Task Force, which was created during the 2010 session.

Jaki Gardner - Assistant Commissioner of Insurance
Commissioner Rothman has re-appointed Jaki Gardner as Assistant Commissioner for Insurance.

"Jaki is a well-known, national leader in insurance regulation, particularly at the National Association of Insurance Commissioners," said Rothman. "With her expertise in insurance regulation matters, Jaki will lend our NAIC teame and be the focal point on most insurance matters in the Department."

Jaki Gardner has worked at the Commerce Department since 1997, handling insurance solvency and rate regulation. Before coming to Minnesota, Gardner served in Washington's Office of the Insurance Commissioner from 1993 to 1997, and before that in the Illinois Department of Insurance from 1973 to 1993. 

Gardner has also worked with international regulators to develop and implement solvency standards to ensure they are compatible with U.S. solvency standards. She will be traveling to Haiti next month as a volunteer with the U.S. Department of Treasury to help restore Haiti's financial services and insurance regulatory infrastructure.

When not working on insurance regulatory matters, Ms. Gardner does volunteer work with her church to help young women achieve financial independence.  

April Todd-Malmov - Health Insurance Exchange Director
April Todd-Malmov will join the Department of Commerce in a shared-services agreement with the Minnesota Department of Health. Todd-Malmov will assume the role of Health Insurance Exchange Director while continuing her work as State Health Economist.

Todd-Malmov has served as co-chair of the state's interagency subgroup on health insurance exchanges. She has extensive state-level experience on health care initiatives, as well as significant private-sector experience in the health insurance industry. Todd-Malmov provided input on the federal Affordable Care Act recently passed by Congress.

"April's extensive knowledge of state and federal health care policy will be invaluable as we plan and implement the insurance exchange provisions of the Affordable Care Act," said Commissioner Rothman. "I am delighted to have April onboard as we undertake this important work."