Seth Magaziner Considering a Run for Treasurer in 2014

May 16, 2013

Seth Magaziner, who would add an unabashedly progressive profile to the 2014 campaign season, is considering running for treasurer next year.

UPDATE: Via email, Magaziner confirms that he's looking at the race, adding that he's still early in the process:

Over the past few days, a number of people have encouraged me to run for General Treasurer should the position become open. I haven't made any decisions yet, but am considering the possibility.

Magaziner, a research analyst at Trillium Asset Management, a socially conscious investment firm in Boston, has a prominent political pedigree. His father, Ira Magaziner, crafted the Greenhouse Compact (rejected by Rhode Island voters in 1984) that was intended to reinvent the state's slumping economy.

Ira Magaziner later worked on Hillary Clinton's unsuccessful attempt to reform healthcare in the '90s and served as an aide to Bill Clinton; The elder Magaziner currently helps lead global initiatives for Bill Clinton's foundation.

The Magaziner family has been based for years in Bristol.

Like his father, Seth Magaziner graduated from Brown (in 2006), where he led the Brown Democrats and served as national council chair of the College Democrats of America. He obtained an MBA from Yale. Magaziner worked in Louisiana for Teach for America and in 2011 joined the board of Marriage Equality Rhode Island, helping to raise money in the fight to legalize same-sex marriage.

RIPR has learned that he has discussed a possible campaign for treasurer while making the rounds in Rhode Island.

Should he run, Magaziner will offer a younger and seemingly more liberal profile than the two candidates who have already announced.

Former treasurer Frank Caprio, who served from 2006 to 2011 and placed third in the 2010 race for governor, surprised political observers by recently revealing plans for a political comeback. (A Democrat in his past runs, Caprio has not specified a political affiliation for his 2014 race.) Former state auditor Ernest Almonte, meanwhile, on Thursday confirmed he'll run for treasurer as a Democrat next year.

Besides MERI, Magaziner serves on the board of Common Cause of Rhode Island, a post he'd have to leave if he seeks office. Common Cause executive director John Marion, who said he was not aware of Magaziner's consideration of a possible campaign, says Magaziner is particularly poised as a young person:

"He's -- I think the best adjective that comes to mind is -- thoughtful ... When he speaks, people seem to listen a little more."

Magaziner's work experience on his LinkedIn profile includes Point Judith Capital, the venture capital firm co-founded by Treasurer Gina Raimondo.

This post has been updated.