Vivek Malek

Malek was born and raised in India.{{cite web|last=Kellogg|first=Sarah|url=https://www.kcur.org/politics-elections-and-government/2022-12-21/new-missouri-treasurer-vivek-malek-will-be-first-person-of-color-to-hold-statewide-office|title=New Missouri Treasurer Vivek Malek will be first person of color to hold statewide office|work=KCUR-FM|date=December 21, 2022|accessdate=December 21, 2022}} He graduated from Maharshi Dayanand University with a Bachelor of Arts degree and a Bachelor of Law, and went on to receive a Master of Business Administration from Southeast Missouri State University and a Master of Laws from the University of Illinois College of Law.

Malek began practicing law in Missouri in 2006. In 2011, he established his law firm, Law Offices of Vivek Malek, with a focus on immigration law. The Missouri House of Representatives and Senate recognized "his service and contributions to Missouri communities" in 2007 and 2015, respectively, and the St. Louis Business Journal awarded him their Minority Business Leader Award in 2010. He also appeared on Business Today's list of "30 under 30." In 2020, Governor Mike Parson appointed him to the board of governors of his alma mater, Southeast Missouri State University.

Prior to his appointment as treasurer, Malek worked in real estate with Nathan Cooper, whose law firm he'd previously worked for. Cooper became notorious in St. Louis for unmaintained rental properties. Malek describes his involvement as both a family enterprise and passive investment, claiming he was not aware of unaddressed tenant complaints.{{Cite web |last=Barker |first=Jacob |date=2024-03-31 |title=Missouri's treasurer owned rundown St. Louis properties, had ties to a 'problem' landlord |url=https://www.stltoday.com/news/local/government-politics/missouri-s-treasurer-owned-rundown-st-louis-properties-had-ties-to-a-problem-landlord/article_0305eee8-e6d5-11ee-83b2-dbe169418fd4.html |access-date=2024-04-01 |website=St. Louis Post-Dispatch |language=en}}

On December 20, 2022, Parson appointed Malek Treasurer of Missouri, following Scott Fitzpatrick's election as State Auditor. He became the first person of color to hold statewide office in Missouri. He successfully sought reelection to a full term in 2024.

As treasurer, Malek increased efforts to return unclaimed property, returning more than previous treasurers.{{cite news |url=https://missouriindependent.com/2024/08/06/vivek-malek-wins-republican-nomination-for-missouri-treasurer/ |title=Vivek Malek wins Republican nomination for Missouri Treasurer |date=2024-08-06 |newspaper=Missouri Independent |first=Annelise |last=Hanshaw |access-date=2024-08-09}} For instance, in fiscal year 2023, Malek facilitated the return of $51,817,543.80 in unclaimed property, surpassing the previous record of $50.2 million set in the prior fiscal year. Additionally, the record for the number of accounts returned was exceeded, with 255,627 accounts returned compared to 233,769 in fiscal year 2022. Treasurer Malek emphasized the ongoing efforts to return unclaimed funds to citizens and encouraged individuals to check for unclaimed property through the Missouri State Treasurer’s website. As of the latest reporting, the Treasurer’s office holds approximately $1.39 billion in unclaimed property. {{cite web|title=Missouri State Treasurer breaks record for returned unclaimed property|url=https://www.kttn.com/missouri-state-treasurer-breaks-record-for-returned-unclaimed-property/|publisher=KTTN|access-date=December 28, 2024}}

He drew bipartisan criticism from making a deal with Torch Electronics, a company in an ongoing legal battle with the state and represented by Steven Tilley, to advertise the unclaimed property program on their machines. Malek removed the advertisements following a committee hearing on the issue.{{Cite web |last=Keller |first=Rudi |date=2024-02-27 |title=Missouri state treasurer removes ads on unregulated slot machines after grilling by lawmakers • Missouri Independent |url=https://missouriindependent.com/2024/02/27/lawmakers-grill-missouri-state-treasurer-over-ads-on-unregulated-slot-machines/ |access-date=2024-04-01 |website=Missouri Independent |language=en-US}}

Malek has pushed legislators to expand the capacity of the MOBUCK$ low interest loan program, which closed 2023 applications early due to high demand.{{Cite web |last=Lubinski |first=Amanda |date=2023-12-14 |title=State treasurer urges MOBUCK$ program expansion |url=https://www.mycouriertribune.com/news/business/state-treasurer-urges-mobuck-program-expansion/article_1b06b77a-4b1c-5f1d-97db-493768d77a69.html |access-date=2024-04-01 |website=Courier-Tribune |language=en}} When the program opened with $119 million in available funds on January 2, all funds were allocated within six hours, reflecting the high interest from applicants facing rising interest rates.

Malek has championed the program's expansion, and House Bill 1803 was passed in 2024 to increase MOBUCK$ funding from $800 million to $1.2 billion.{{cite web|title=Governor Parson Signs HB 1803 into Law, Expanding MOBUCK$ Program|url=https://governor.mo.gov/press-releases/archive/governor-parson-signs-hb-1803-law-expanding-mobuck-program|publisher=State of Missouri|access-date=December 31, 2024}} Malek emphasized that the program acts as a buffer against inflation, allowing businesses to grow and contribute to Missouri’s economy.

Since Malek’s appointment in January 2023, the treasurer’s office has processed $651.2 million in linked deposits, benefiting 147 borrowers, including 97 small businesses and 39 agri-businesses. The program's popularity highlights the need for increased funding, with the expansion expected to further support economic development without additional cost to the state. {{Cite web |last=Dereuck |first=Kelly |date=2024-04-23 |title=Low-interest loan program for Missouri small businesses, farms expanded by legislature |url=https://www.news-leader.com/story/news/politics/2024/04/23/lawmakers-approve-bill-to-expand-mobuck-low-interest-loan-program/73419441007/|access-date=2024-12-31 |website=Springfield News Leader |language=en}}

Malek has consistently advocated for merit-based hiring and academic rigor over ideological initiatives like Diversity, Equity, and Inclusion (DEI) programs. Malek has expressed concerns that DEI programs, such as those previously seen at the University of Missouri (Mizzou), often prioritize equality of outcomes over equality of opportunity, fostering division rather than true diversity. Citing instances where DEI requirements influenced hiring decisions, he has criticized the use of inclusion and equity statements that favored political activism over academic and teaching excellence. Applauding the University of Missouri System's decision to eliminate diversity statements in hiring, Malek believes that that taxpayer-funded institutions should prioritize academic excellence and intellectual inclusivity over divisive ideologies. {{Cite web |last=Malek |first=Vivek |date=2023-04-19 |title=Vivek Malek: Missouri DEI reforms will cut waste, promote academic freedom on campus • Columbia Missourian |url=https://www.columbiamissourian.com/opinion/guest_commentaries/missouri-dei-reforms-will-cut-waste-promote-academic-freedom-on-campus/article_434373ee-deb7-11ed-93ec-cf45d03b7f5e.html|access-date=2025-01-22 |website=Columbia Missourian |language=en-US}}

Malek was a vocal critic of the Biden administration’s immigration policies, which he described as a "disastrous open-border policy" that jeopardized America’s security, public health, and state finances. Malek has criticized the strain illegal immigration places on state and local governments, particularly in handling issues like the fentanyl crisis and increased criminal activity. He considered Biden's removal of Title 42 limits and the surge in illegal border crossings an insult to legal immigrants who adhere to the law and a threat to the integrity of the American Dream. Malek advocates for reversing these policies, emphasizing the need to protect taxpayer resources, uphold public safety, and preserve the value of legal immigration. {{Cite web |last=Malek |first=Vivek |date=2023-05-20 |title=Vivek Malek: Failure to control illegal immigration exposes states to soaring costs • Joplin Globe |url=https://www.joplinglobe.com/opinion/vivek-malek-failure-to-control-illegal-immigration-exposes-states-to-soaring-costs/article_50f55b1a-f32a-11ed-b5b5-2fc7a277a3dc.html|access-date=2025-01-22 |website=Joplin Globe |language=en-US}}

In 2023, Malek proposed divesting state pension funds from investments in China, citing economic risks, geopolitical instability, poor investment performance, human rights concerns, and the need to ensure the best return for Missouri state employees' pensions.{{Cite web |last=Malek |first=Vivek |date=2023-11-29 |title=Legislature should oppose pension investments in China • Columbia Missourian |url=https://www.columbiamissourian.com/opinion/guest_commentaries/legislature-should-oppose-pension-investments-in-china/article_34e27a38-8ec6-11ee-af83-c307bf1f1caf.html |access-date=2025-01-11 |website=Columbia Missourian |language=en-US}} Initially, the proposal was rejected by the MOSER board,{{Cite web |last=Keller |first=Rudi |date=2023-11-20 |title=Missouri pension board rejects push by Vivek Malek for China divestment • Missouri Independent |url=https://missouriindependent.com/2023/11/20/missouri-pension-board-rejects-push-by-vivek-malek-for-china-divestment/ |access-date=2024-04-01 |website=Missouri Independent |language=en-US}} but passed in a special meeting requested by Mike Parson. Opponents criticized the proposal as politically motivated related to Malek's campaign, and the request by Parson as interference.{{Cite news |last=Keller |first=Rudi |date=2023-12-12 |title=State board votes to divest Missouri employee pension fund from China • Missouri Independent |url=https://missouriindependent.com/2023/12/12/state-board-votes-to-divest-missouri-pension-fund-from-china/ |access-date=2024-04-01 |newspaper=Missouri Independent |language=en-US}}

Malek successfully sought reelection to a full term in 2024, and won the Republican nomination against several challengers in August.{{cite news |url=https://missouriindependent.com/2024/08/06/vivek-malek-wins-republican-nomination-for-missouri-treasurer/ |title=Vivek Malek wins Republican nomination for Missouri Treasurer |date=2024-08-06 |newspaper=Missouri Independent |first=Annelise |last=Hanshaw |access-date=2024-08-09}}{{cite web |title=All Results State of Missouri – State of Missouri – General Election, November 5, 2024 |url=https://enr.sos.mo.gov/ |website=Missouri Secretary of State |access-date=December 27, 2024}}

Malek resides in Wildwood, Missouri, with his wife, Riju, and their three children.

{{Election box begin|title=Missouri Treasurer primary election, August 6, 2024{{cite web|url=https://www.sos.mo.gov/CMSImages/ElectionResultsStatistics/2024PrimaryElection.pdf |title=Election Results|publisher=Missouri Secretary of State|access-date=December 27, 2024}}}}

{{Election box winning candidate with party link|

|party = Republican Party (United States)

|candidate = Vivek Malek (incumbent)

|votes = 273,930

|percentage = 41.5

|change =

}}

{{Election box candidate with party link|

|party = Republican Party (United States)

|candidate = Andrew Koenig

|votes = 135,828

|percentage = 20.6

|change =

}}

{{Election box candidate with party link|

|party = Republican Party (United States)

|candidate = Lori Rook

|votes = 127,970

|percentage = 19.4

|change =

}}

{{Election box candidate with party link|

|party = Republican Party (United States)

|candidate = Cody Smith

|votes = 97,029

|percentage = 14.7

}}

{{Election box candidate with party link|

|party = Republican Party (United States)

|candidate = Tina Goodrick

|votes = 19,115

|percentage = 2.9

|change =

}}

{{Election box end}}

{{Election box begin

|title=Missouri Treasurer general election, November 5, 2024{{cite web |title=All Results State of Missouri – State of Missouri – General Election, November 5, 2024 |url=https://enr.sos.mo.gov/ |website=Missouri Secretary of State |access-date=December 27, 2024}}

}}

{{Election box winning candidate with party link

| candidate = Vivek Malek (incumbent)

| party = Republican Party (United States)

| votes = 1,684,714

| percentage = 57.931

| change = -1.17

}}

{{Election box candidate with party link

| candidate = Mark Osmack

| party = Democratic Party (United States)

| votes = 1,106,236

| percentage = 38.039

| change = -0.06

}}

{{Election box candidate with party link

| candidate = John A. Hartwig, Jr.

| party = Libertarian Party (United States)

| votes = 81,443

| percentage = 2.801

| change = 0.60

}}

{{Election box candidate with party link

| candidate = Reagan Haase

| party = Green Party (United States)

| votes = 35,745

| percentage = 0.63

}}

{{Election box total

| votes = 2,908,138

| percentage = 100.00%

}}

{{Election box hold with party link no swing

| winner = Republican Party (United States)

}}

{{Election box end}}

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{{s-ttl|title=Treasurer of Missouri|years=2023–present}}

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{{Current Missouri statewide political officials}}

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Category:1977 births

Category:American politicians of Indian descent

Category:Asian-American people in Missouri politics

Category:Indian emigrants to the United States

Category:Living people

Category:Maharshi Dayanand University alumni

Category:Politicians from St. Louis County, Missouri

Category:Southeast Missouri State University alumni

Category:State treasurers of Missouri

Category:University of Illinois College of Law alumni

Category:21st-century Missouri politicians

Category:Asian conservatism in the United States