By
Shannon Shaw Duty
The Third Osage Nation Congress passed a resolution in support of President Barack Obama’s nomination of Osage investor Vincent Logan to be the next Special Trustee for American Indians.
“The Osage Nation Congress commends President Barack Obama for his nomination of Vincent G. Logan to this office that is so important to Indian communities around the country,” according to the resolution. “The Osage Nation Congress hereby expresses its sincere support for the confirmation of Vincent G. Logan as the Special Trustee for American Indians, recognizing his great accomplishments in law and finance.”
The federal appointment was announced Sept. 21, 2012, and it was expected that Logan’s confirmation from the U.S. Senate would come after the Presidential election. Logan, who is currently vacationing in Italy, said at the time the White House requested no media interviews until the confirmation process is complete.
Logan must first go before the U.S. Senate Committee on Indian Affairs and according to the committee’s communications director, Reid Walker, the committee has not yet received Logan’s nomination package from the White House. The committee is unable to proceed until that time, according to Walker.
Once Logan has completed the interview with the committee he will be subject to a U.S. Senate confirmation. If confirmed Logan will be the fourth special trustee since the office was created in 1994 by the American Indian Trust Fund Management Reform Act, and the second Native American to hold the post. The first was Ross Swimmer, Cherokee, who held the post for nearly six years, according to Indianz.com.
Logan will be responsible for more than $3.7 billion in tribal trust funds and Individual Indian Money accounts. He will be responsible for managing leases for developing natural resources, such as coal, oil, natural gas, timber and grazing, that generate income for those accounts, according to the DOI website.
The office for the Special Trustee has been vacant since January of 2009.
Based in New York, Logan is owner of The Nations Group, LLC, an investment consulting firm focused on Native America with experience in private banking as a corporate attorney. He’s worked in the private banking and Investment Group at Merrill Lynch from 2006 to 2009, and was a corporate finance attorney for Schulte, Roth & Zabel from 2001 to 2006. Prior to that, Logan worked in the Antitrust Division at the U.S. Department of Justice from 1996 to 1998. He was a founding member of the Native American Bar Association of Washington, D.C. He was appointed to the Oklahoma State University Foundation Board of Governors in 2010. Logan received his bachelor’s degree from Oklahoma State University and juris doctorate from the University Of Oklahoma. While at Merrill Lynch, Logan was a financial adviser for the Osage Nation before he started The Nations Group, LLC.
Logan is from the Morrell family of the Hominy District.
Original Publish Date: 2013-07-16 00:00:00
