Mayor Thomas Koch announced the appointment today of long-time Quincy business owner and financial services professional Phi Du as the City’s next Treasurer and Collector.
Du, most recently the owner of GrandAsia Bridal and Fashion Emporium in downtown Quincy, will take over from Deborah Coughlin, who is retiring after 12 years in the position that’s at the center of the City’s financial management operations and its interactions with residents on a daily basis.
“Treasurer Coughlin has done extraordinary work on the City’s behalf in so many ways – modernizing and creating efficiencies within the department, managing our very important relationships with a number of banks, and always treating members of the community with questions or concerns with a great deal of empathy and respect,” Mayor Koch said. “I wish her well in her much-deserved retirement, and I am thrilled that someone with Phi’s many years of experience, eye for detail, and wide-ranging skill set is coming on board.”
The Treasurer and Collector’s Office is one of the local government departments that residents deal with most regularly, as it is responsible for managing almost all financial transactions with the City. It is also the chief manager of the City’s revenue flow; working directly with banks that maintain City accounts; and playing a major role in overseeing borrowing and other financial activities.
Prior to starting her own business in Quincy more than 16 years ago, Du worked for many years at Brown Brothers, where she was a supervisor in global custody client services and also served as a business analyst. She also worked for State Street Bank. Du will be the second consecutive appointment of the Mayor to the position with extensive private-sector experience. Prior to joining the Administration, Coughlin worked for more than 30 years at Gillette, including as the Manager of North American Reporting and Accounting.
“Having that private-sector experience I think is a great fit for this position. It worked out tremendously well for us with Deb, and I know Phi will bring great new insight and great ideas to the position in much the same way,” Mayor Koch said.
Photo of New Treasurer/Collector Phi Du.