Economic Development Commissioner Named

Governor David A. Paterson today announced that he has nominated Marisa Lago, who is Acting President and Chief Executive Officer of the Empire State Development Corporation (ESDC), as Commissioner of the Department of Economic Development. Ms. Lago will have complete oversight of economic development issues throughout New York State.

Ms. Lago was the Global Head of Compliance for Citi Markets & Banking, overseeing all compliance matters for Citi’s capital markets, investment and corporate banking, and transaction services businesses, which operate in more than 90 countries around the world.

Prior to joining Citi, Ms. Lago worked at the U.S. Securities and Exchange Commission (SEC) as Director of the Office of International Affairs. Ms. Lago’s diverse professional career has also included serving as Chief Economic Development Officer of the City of Boston and Director of the Boston Redevelopment Authority, as well as General Counsel of the New York City Economic Development Corporation.

Ms. Lago graduated cum laude from Harvard Law School in 1982, and earned a Bachelor’s of Science degree in Physics from Cooper Union.


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