# Martin Kelly Senior Investment Manager at the Arkansas State Treasury during the Milligan tenure. Email signature: > Martin Kelly > Senior Investment Manager > Arkansas State Treasury > [email protected] > 501-682-1415 The 501.682.1415 phone number matches Pulley's subsequent Senior Investment Officer extension, suggesting Kelly's role transitioned to Pulley at some point in 2020-2021 (or both occupied the same phone extension sequentially). ## Documented Israel Bonds-related role (1) **Kelly authored a 1/7/2020 9:27 AM investment recommendation** to Celeste Gladden + Jason Brady + Treasurer (cc Damon Dortch, Grant Wallace) on the response to the March 2020 $20M Israel Bond maturity: > I suggest we replace them with 20mm 10yr Jubilee 2.83% bonds. > Ja-Po binder, Kelly to Gladden + Brady + Treasurer cc Dortch + Wallace, 1/7/2020 9:27 AM Kelly's recommendation came in response to Gladden's earlier 1/7/2020 9:24 AM "Israel Bond" email noting the maturity. Brady subsequently placed the January 2020 institutional order for $5M+$5M+$10M across three CUSIPs (per Sub-batch 2). The Brady order included $10M of the 10-year 2.83% bond Kelly had recommended (CUSIP 46513JHA2 per Sub-batch 2). Kelly's recommendation was therefore partially followed (the 10-year tranche) and partially extended (additional shorter-term tranches Brady added). (2) **Kelly cc on the 5/8/2020 Brady-Berman institutional purchase order thread** placing the May 2020 $15M institutional order. Kelly received the rate sheets, prospectus, and Brady's authorized-order placement directly. (3) **Kelly cc on the January 2020 Celeste Gladden ↔ Karen Grice wire-execution thread** authorizing the $20M wire to BofA on the new institutional purchase. (4) **Kelly cc on the May 2020 Celeste Gladden ↔ Luis Jimenez bond-overnight delivery and wire-coordination thread** for the May 15, 2020 settlement. Kelly's role as Senior Investment Manager places him as Brady's substantive investment-team partner at the Milligan-era Treasurer's office, parallel to (and likely concurrent with) Autumn Sanson's Chief Investment Officer role. Kelly's documented Israel Bonds activity is operational and analytical (recommending the 10-year 2.83% replacement bond); no procedural-objection language appears. ## Cross-references [[treasury-foia-r2-9-23-25]] source page [[jason-brady]] Milligan-era Chief Deputy Treasurer-Operations to whom Kelly's recommendations flowed for order placement [[celeste-gladden]] Treasury operational coordinator on the Israel Bonds account during the Kelly era [[autumn-sanson]] Chief Investment Officer at the Milligan-era Treasurer's office; documented parallel-role investment staff peer [[damon-dortch]] [[grant-wallace]] Treasury staff cc'd on Kelly's investment-recommendation correspondence