Penn State Penn State: College of the Liberal Arts
Elaine Phillips

Elaine Phillips

Financial Adviser, CAPTRUST
Former New York State Senator and Mayor of Flower Hill, New York


B.A., Political Science, Penn State, 1981
MBA, Penn State, 1984
Elaine Phillips


After a successful career at Goldman Sachs, Elaine turned her interest to her family, teaching martial arts, and finally, to politics. 

At Goldman Sachs, Elaine worked in fixed income, currencies and commodities as well as institutional sales of mortgage securities and structured products. She also was the coordinator of diversity recruitment for the entire Institutional Client Services Division. She worked in mortgage investments at MetLIfe and was a vice president at J.P. Morgan, focusing on Fixed Income Securities and Mortgage Finance and Institutional Sales.

After nearly six years a mayor of the Village of Flower Hill, Elaine ran for – and won – a seat in the New York State Senate where she chaired the Senate’s Internal Governance and Ethics Committee, the Senate Banking Committee, and the Senate Infrastructure and Capital Investment Committee.  Her aim in seeking office was to apply her experience to deliver honest, responsive and effective government, install fiscal responsibility and lower the cost of living and working in New York.

While in office, Elaine authored seven laws, including historic domestic violence legislation that keeps guns way from known abusers. She partnered with lawmakers on both sides of the aisle to protect Long Island’s drinking water supply, improve transparency and accountability and rebuild public trust in government. 

Elaine is a former member of the College of the Liberal Arts Development Council. She and her husband Andy have three daughters: Kate, Hannah, and Sarah.