David M. Frankel was appointed Finance Commissioner by Mayor Michael R. Bloomberg on July 29, 2009, and officially began leading the agency on September 8, 2009. David brings a depth of operational, legal and financial expertise from the private and public sectors, along with a passion for public service, and a commitment to improve customer service, efficiency and accountability.

Prior to his appointment, David held several positions as Managing Director at Morgan Stanley, overseeing fixed income, regulatory and tax operations, managing a staff of 750 and a budget of $200 million. From 1992 to 2004, David was the head of global operations for the AIG Trading Group.

During the first year of the Dinkins Administration, David served as Deputy Commissioner for Intergovernmental Relations at the New York City Department of Housing, Preservation and Development. This followed a two-year stint as Special Counsel to the Commissioner of the New York City Department of Corrections in the Koch Administration. From 1978 to 1988, David was an attorney at two New York firms, where he specialized in litigation.

David takes the reins of a 2,300-person agency charged with collecting $23 billion annually in tax and other revenues, valuing the City’s almost 1 million properties each year, administering tax audit and enforcement action to promote compliance, and conducting hearings on more than 1 million parking tickets each year.  As Finance Commissioner, David also serves on the boards of the Fire and Police pension funds as well as the City’s Deferred Compensation Fund.

Under the Bloomberg Administration, Finance has undertaken several successful initiatives, including the $400 tax rebate, consolidated tax bills, innovative parking programs and a groundbreaking effort to help people claim the Earned Income Tax Credit. David is looking forward to working with Finance’s dedicated staff to build on those successes, with an emphasis on exemplary service, accountability for measurable results, and the highest standard of conduct.

David graduated with a history degree from Tufts University in 1974, and earned a law degree from Columbia Law School in 1978. He lives on the Upper West Side with his wife and two daughters.