- The Washington Times - Thursday, February 7, 2002

BALTIMORE (AP) Major Riddick, Gov. Parris N. Glendening's former chief of staff, is now an executive with the Baltimore investment firm the Chapman Cos., one of which has managed the state's pension fund for five years.
The investment board of the state pension system is set to vote tomorrow on whether one of the Chapman companies, EChapman.com Inc., will continue to invest in stocks for the State Retirement and Pension System.
Mr. Riddick, 51, in May resigned as chief of staff after six years so he could run for Prince George's County executive. He served as the state's chief technology officer until October.
He told the Baltimore Sun in a phone interview on Tuesday from the firm's offices that he went to work for the investment firm "late last fall" and that his duties involved "just technology issues." He would not disclose his salary and said he was not involved with Chapman's efforts to retain its contract with the state retirement system.
"No. No. No. I'm not involved in it, and I didn't do pensions with the state," Mr. Riddick said.
He also said his job with Chapman is not a conflict of interest. "I always talk with legal counsel," he said.
State ethics law forbids former state officials from representing clients with the state in matters relating to their former positions as state officials.
Mr. Riddick also said he still will run as one of seven Democrats for Prince George's County executive. The current county executive, Wayne K. Curry, is forbidden by term-limits law from seeking a third consecutive term.
Mr. Riddick was Mr. Glendening's budget director and chief of staff when Mr. Glendening was Prince George's County executive.
The Chapman Cos. is the nation's first publicly traded investment firm headed by a black person. Its founder, chairman and majority stockholder, Nathan A. Chapman Jr., 43, is also the chairman of the University System of Maryland's Board of Regents.
Figures from the fall, the latest available, show EChapman.com was managing about $157 million in state retirement funds.


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