David McRae is a fourth-generation Mississippian. His great-grandfather, Sam McRae, grew up on a farm in Rankin County and opened his first S.P. McRae department store in Jackson at the turn of the century. Dedicated to customer service, the store remained one of the premier department store chains in the southeast for more than 100 years.
That same customer-service mindset is at the center of what McRae is working to accomplish as State Treasurer.
His primary responsibility is to manage the cash flow that keeps state agencies operating on a daily basis, but the job also comes with a seat on 17 different boards and commissions.
Additionally, McRae has prioritized the distribution of unclaimed property within the Office of the State Treasurer, returning millions of dollars during his first year in office. McRae also oversees College Savings Mississippi, helping lift the financial burden of a college education for thousands of young people.
During his tenure as Treasurer, McRae has been selected by his peers to serve on the Board of Directors for both the National Association of State Treasurers (NAST) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT). Governor Tate Reeves also appointed McRae to the Balanced Budget Interstate Compact.
Prior to serving as State Treasurer, McRae was involved in the family business, serving as Managing Partner of McRae Investments. He is active in civic and community organizations, including Habitat for Humanity, Friends of Children’s Hospital, and the American Heart Association.
McRae earned his law degree from Mississippi College, during which time he served as Chief Justice of the Honor Court. He is an active member of the Mississippi Bar Association. He lives in Ridgeland with his wife, Katherine, and their three children.
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