October 17, 2012
President Obama has announced his intent to nominate Vincent Logan to be the next Special Trustee for American Indians within the U.S. Department of the Interior. Mr. Logan, a member of the Osage Nation, is the owner of the New York investment consulting firm, The Nations Group, LLC.
The nomination requires confirmation by the U.S. Senate. Prior to this vote, Mr. Logan will appear before the Senate Committee on Indian Affairs on a date to be announced.
The position of Special Trustee, which manages accounts of approximately 3.7 billion dollars in tribal trust funds, is especially important to the interests of Osage shareholders, many of whom have accounts managed by the Office of the Special Trustee.
Speaking in support of the nomination, Secretary of the Interior Ken Salazar said, “Vincent Logan has been a part of the fabric of Indian Country for many years as an investment professional, mentor for Native American attorneys and founding member of the Native American Bar Association of Washington, D.C. His asset management expertise, legal experience and extensive network of professional relationships in Indian Country will well serve the Office of Special Trustee as we work to build a stronger and more responsive trust asset management system for the Nation’s first Americans.”
Osage Nation Principal Chief John D. Red Eagle said, “We are so proud of fellow Osage Vince Logan for being chosen for this prestigious position. We look forward to his confirmation and to monitoring his progress as he serves Indian Country.”