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Meet The Honorable Adam M. Cloud

Adam M. Cloud, a lifelong resident of the City of Hartford, brings to the City Treasurer’s Office more than 20 years of experience in financial services with leading institutions. A former Director within the Public Finance Group of Advest, Inc., Mr. Cloud structured several billion dollars worth of bond transactions which financed infrastructure such as schools, parking facilities and student housing. Locally, Mr. Cloud’s financings included The Bushnell, UConn and the Connecticut Children’s Medical Center.

The Hartford City Treasurer is an elected official who, pursuant to the Charter of the City of Hartford, is the custodian and investor of all City funds. As City Treasurer, Mr. Cloud is responsible for an investment portfolio of approximately $1 billion dollars. He also administers the City’s deferred compensation program and its pension benefits. He serves as co-issuer with the Mayor of all City bonds and he invests and disburses City trust funds. He oversees the City’s banking services, including investment of the City’s $540 million budget. Through the City’s Economically Targeted Investment program, Mr. Cloud maintains investments that promote economic growth, development and job creation in the City of Hartford.

Mr. Cloud was also a Managing Director of Loop Capital Markets, a leading minority-owned public finance and capital markets firm. Mr. Cloud leverages his deep experience in financial services in his role as Treasurer of the City of Hartford. Mr. Cloud’s personal commitment to service has included serving as Chairman of the Hartford Redevelopment Agency, Vice Chairman of the Hartford Economic Development Commission and Treasurer of the Democratic Town Committee. Mr. Cloud has also represented the City of Hartford as a Commissioner of The Metropolitan District Commission, as a Director at the Hartford Library and as an Incorporator of the Wadsworth Atheneum.

Prior to his 2011 election as the first African American male City Treasurer, Mr. Cloud served as Assistant City Treasurer. Mr. Cloud attended Howard University in Washington, D.C., earning both a bachelor’s degree and a law degree. He resides in Hartford with his wife and their three children.

Meet The Honorable Carmen I. Sierra

Carmen I. Sierra was sworn in as City Treasurer of City of Hartford, CT. on September 2, 2022 after serving as the City’s Assistant City Treasurer for the past ten years.

Born and raised in Hartford, CT., Ms. Sierra brings a wealth of experience to her role and has a strong professional background in management and operations in both the public and private sectors. Her commitment to the community has garnered her local and national recognition during her career.

She has served the City of Hartford and the region in several capacities over the years. She has also served on numerous boards of directors, including; the Hartford Economic Development Commission, the Greater Hartford Workforce Development Board, the South End Community Services, and the Greater Hartford YMCA Board. Ms. Sierra is also an alumnus of the National Hispana Leadership Institute, (NHLI).

As Assistant City Treasurer, Ms. Sierra led the execution of the overall business management and strategy with direct supervisory responsibility of the day-to-day operations over Treasury employees. As Plan Administrator, her responsibilities included the overall management of a $1+ billion public pension fund for the City.

She is the first Latina to be appointed as City Treasurer in Connecticut and the first Puerto Rican to serve in this role in New England. Ms. Sierra earned a Bachelor of Science degree in Management and Human Resources from Central Connecticut State University, a Master of Science in Public Administration from the University of Hartford, and a Certificate, Executive Program in Public Administration from Harvard University, John Kennedy School of Government.

She is the proud mother of Victoria and Ricardo Vazquez who recently began their careers after completing their university studies.  

6th Annual Women’s Private Equity Summit

Nearly 450 influential and powerful private equity and venture capital leaders –LPs, GPs and advisors- attended the 6^th Annual Women’s Private Equity Summit at The Ritz-Carlton, Half Moon Bay, California. The women had a great opportunity to network and do business with each other, and increase their access to new information.

(picture left: Laurence C. Morse & JoAnn H. Price, co-founders of Fairview Capital Partners, Adam M. Cloud, Hartford City Treasurer and Beth Falk, founder and managing director of the Women’s Private Equity Summit)