Murphy puts as­sets into blind trust, ful­fill­ing pledge

The Trentonian (Trenton, NJ) - - NEWS - By Mike Catal­ini

TREN­TON » New Jersey Gov. Phil Murphy has signed an agree­ment putting his fi­nan­cial as­sets into a blind trust that his brother-in­law will over­see, honor­ing a cam­paign pledge roughly four months af­ter tak­ing of­fice.

The State Ethics Com­mis­sion ap­proved the agree­ment in April, roughly a month be­fore the Demo­cratic gov­er­nor and his trustee, Stephen Snyder, signed it. Snyder is the brother of first lady Tammy Murphy.

The agree­ment, which the com­mis­sion shared Wed­nes­day with The As­so­ci­ated Press, makes good on Murphy’s cam­paign prom­ise to wall off his fi­nan­cial as­sets to avoid con­flicts of in­ter­est.

“Gov­er­nor Murphy’s fi­nan­cial dis­clo­sure and blind trust fil­ings are con­sis­tent with his long­stand­ing com­mit­ment to trans­parency, ethics, and in­tegrity in the Of­fice of the Gov­er­nor,” his spokesman Dan Bryan said in an email.

Murphy is a wealthy for­mer Gold­man Sachs ex­ec­u­tive who used mil­lions of his own cash to fi­nance his gu­ber­na­to­rial cam­paign. He suc­ceeded Repub­li­can Gov. Chris Christie in Jan­uary.

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