Richard H. Moore
Encyclopedia
Richard Hancock Moore was the North Carolina State Treasurer
from 2001–2009. He first elected to that post in 2000 and re-elected in 2004
.
, he was a member of the Delta-Omega chapter of the Kappa Sigma Fraternity, and a graduate diploma in accounting and finance from the London School of Economics
.
A former assistant U.S. Attorney, Moore previously served in North Carolina
government as a member of the North Carolina House of Representatives
and as head of the North Carolina Department of Crime Control and Public Safety
under former Governor Jim Hunt
, before being elected state treasurer in 2000. As Secretary of Crime Control & Public Safety, Moore managed the state response to and recovery from several natural disasters, particularly Hurricane Floyd
. He is the co-author of a book, Faces from the Flood: Hurricane Floyd Remembered.
As Treasurer, Moore championed a national movement to protect shareholder rights against Wall Street corporate abuses. He authored investment and mutual fund protection principles which have been adopted by pension fund managers across the country. His efforts led to his appointment on the executive board of the New York Stock Exchange
as the only public sector member, and he has served on the board of NYSE Regulation since its inception in 2005. He was also named the country's Top Public Official of the Year in 2004 by Governing Magazine
, and profiled by US News & World Report (June 7, 2004). In 2005, Moore was named as a finalist for Institutional Investor's Excellence in Investment Management Award (Institutional Investor, January 2005).
As North Carolina's Treasurer and Chief Investment Officer, Moore managed more than $70 billion in pension funds. The funds were rated either the first or second best funded pension plans in the country by Standard & Poor's throughout Moore's tenure. In his final year as Treasurer (2008), the funds outperformed their peer average by more than 900 basis points. More recently, the health of North Carolina's pension funds was featured in two prominent reports: 1) The Trillion Dollar Gap-unfunded state retirment systems and the road to reform [(The Pew Center on the States)-February 2010]; 2) Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm (National Institute on Retirement Security – June 2011).
A Democrat, Moore won re-election against Republican challenger Ed Meyer in the 2004 Council of State elections
.
Moore officially announced his 2008 campaign
for Governor of North Carolina
on May 22, 2007. He lost the Democratic primary to Lt. Gov. Beverly Perdue on May 6, 2008.
Moore endorsed Barack Obama
for the Democratic nomination for President in February 2008.
North Carolina State Treasurer
The North Carolina State Treasurer is a statewide elected office in the U.S. state of North Carolina responsible for overseeing the financial operations of state government. The current state treasurer is Janet Cowell....
from 2001–2009. He first elected to that post in 2000 and re-elected in 2004
North Carolina Council of State election, 2004
Elections to choose members of the North Carolina Council of State were held on Tuesday, November 2, 2004....
.
Career
Moore earned both his undergraduate and law degrees from Wake Forest UniversityWake Forest University
Wake Forest University is a private, coeducational university in the U.S. state of North Carolina, founded in 1834. The university received its name from its original location in Wake Forest, north of Raleigh, North Carolina, the state capital. The Reynolda Campus, the university's main campus, is...
, he was a member of the Delta-Omega chapter of the Kappa Sigma Fraternity, and a graduate diploma in accounting and finance from the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
.
A former assistant U.S. Attorney, Moore previously served in North Carolina
North Carolina
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...
government as a member of the North Carolina House of Representatives
North Carolina House of Representatives
The North Carolina House of Representatives is one of the two houses of the North Carolina General Assembly. The House is a 120-member body led by a Speaker of the House, who holds powers similar to those of the President pro-tem in the state senate....
and as head of the North Carolina Department of Crime Control and Public Safety
North Carolina Department of Crime Control and Public Safety
The North Carolina Department of Crime Control and Public Safety is an umbrella agency that carries out many of the state's law enforcement, emergency response and homeland security functions. The department was created in 1977...
under former Governor Jim Hunt
Jim Hunt
James Baxter Hunt Jr. is an American politician who was the 69th and 71st Governor of the state of North Carolina . He is the longest-serving governor in the state's history.-Early life:...
, before being elected state treasurer in 2000. As Secretary of Crime Control & Public Safety, Moore managed the state response to and recovery from several natural disasters, particularly Hurricane Floyd
Hurricane Floyd
Hurricane Floyd was the sixth named storm, fourth hurricane, and third major hurricane in the 1999 Atlantic hurricane season. Floyd triggered the third largest evacuation in US history when 2.6 million coastal residents of five states were ordered from their homes as it approached...
. He is the co-author of a book, Faces from the Flood: Hurricane Floyd Remembered.
As Treasurer, Moore championed a national movement to protect shareholder rights against Wall Street corporate abuses. He authored investment and mutual fund protection principles which have been adopted by pension fund managers across the country. His efforts led to his appointment on the executive board of the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
as the only public sector member, and he has served on the board of NYSE Regulation since its inception in 2005. He was also named the country's Top Public Official of the Year in 2004 by Governing Magazine
Governing Magazine
Governing is a national monthly magazine, edited and published since 1987 in Washington, D.C., whose subject area is state and local government in the United States. The magazine covers policy, politics and the management of government enterprises...
, and profiled by US News & World Report (June 7, 2004). In 2005, Moore was named as a finalist for Institutional Investor's Excellence in Investment Management Award (Institutional Investor, January 2005).
As North Carolina's Treasurer and Chief Investment Officer, Moore managed more than $70 billion in pension funds. The funds were rated either the first or second best funded pension plans in the country by Standard & Poor's throughout Moore's tenure. In his final year as Treasurer (2008), the funds outperformed their peer average by more than 900 basis points. More recently, the health of North Carolina's pension funds was featured in two prominent reports: 1) The Trillion Dollar Gap-unfunded state retirment systems and the road to reform [(The Pew Center on the States)-February 2010]; 2) Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm (National Institute on Retirement Security – June 2011).
A Democrat, Moore won re-election against Republican challenger Ed Meyer in the 2004 Council of State elections
North Carolina Council of State election, 2004
Elections to choose members of the North Carolina Council of State were held on Tuesday, November 2, 2004....
.
Moore officially announced his 2008 campaign
North Carolina gubernatorial election, 2008
The North Carolina gubernatorial election of 2008 was held on November 4, 2008, coinciding with the presidential, U.S. Senate, U.S. House elections, Council of State, and statewide judicial elections...
for Governor of North Carolina
Governor of North Carolina
The Governor of North Carolina is the chief executive of the State of North Carolina, one of the U.S. states. The current governor is Bev Perdue, North Carolina's first female governor.-Powers:...
on May 22, 2007. He lost the Democratic primary to Lt. Gov. Beverly Perdue on May 6, 2008.
Moore endorsed Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
for the Democratic nomination for President in February 2008.
Personal life
Moore and his wife, Noel, have three children: Will (the eldest), Charles, and Mary. Moore is a grandson of former U.S. Rep. Franklin Wills Hancock, Jr.Franklin Wills Hancock, Jr.
Franklin Wills Hancock, Jr. was a Democratic member of the U.S. House of Representatives, representing North Carolina from 1930 to 1939. He was born and died in Oxford, North Carolina....
External links
- Moore Campaign site
- Official Site – North Carolina Department of State Treasurer
- Project Vote Smart – Richard H. Moore (NC) profile
- North Carolina Democratic Party
- Follow the Money – Richard H. Moore 2004 campaign contributions
- Oral History Interview with Richard H. Moore from Oral Histories of the American South