Murphy puts assets into blind trust, fulfilling pledge
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.