Appointment adds to the diversity and financial acumen of the City's Boards.
Following Mayor Angel Taveras' appointment of Xay Khamsyvoravong to serve on the Providence Water Supply Board, the appointment was recently confirmed by the Providence City Council and approved last night by the Providence Water Supply Board. The Board nominated and voted Xay to serve as Board Chairman. Xay's appointment was made to fill the vacancy created by the recent resignation of Board Chairman Brett Smiley.
"Over half of Rhode Islanders rely on Providence Water for clean, reliable water, making it one of the city's and the state's most important assets," said Mayor Angel Taveras. "I am confident that Xay will provide invaluable leadership and insight to Providence Water."
Xay, a Providence native and resident, brings to the Board a strong background in government and infrastructure. Over the course of his financial career, Xay has handled over one billion dollars in financings for government borrowers across the country, with nearly half of those transactions funding water and wastewater projects. He currently works as a vice president of government and institutional banking at Webster Bank, and has a background in public finance.
Xay also brings extensive public service experience, having served as the deputy chief of staff in the state treasury at the height of the financial crisis, advising the treasurer and handling the office's policy, communications and intergovernmental affairs.
Xay holds a bachelor's degree in international relations from Brown University and a master's degree from Brown University's Taubman Center for Public Policy. He is a past recipient of undergraduate fellowships from Yale Law School's Arthur Liman Public Interest Fund and Harvard Law School's Bernard Koteen Office of Public Interest Advising.
"I am excited and honored to have this opportunity to serve the City," said Xay. "The Providence Water Supply Board has demonstrated the important role that the City has and will continue to have in the effective regionalization of municipal services. I look forward to working with Mayor Taveras, the team at Providence Water, and our regional partners to ensure the transparent and financially prudent operation of Providence Water."