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IBJ: Bond Bank executive to take over as city controller

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May 16, 2023


The head of the Indianapolis Local Public Improvement Bond Bank has been named the next city-county controller by Mayor Joe Hogsett—one of several staffing changes announced Monday.

Sarah Riordan, who has led the bond bank as its executive director and general counsel since 2016, will replace Ken Clark in the role. Clark was named controller in December 2019 after four years as the chief information officer for the city’s Information Services Agency.

Riordan has been directly involved in several public finance projects since joining the bond bank, including funding for the Community Justice Campus, multiple Indianapolis Airport Authority efforts, the $360 million renovation of Gainbridge Fieldhouse and the ongoing effort by the Hogsett administration to use up to $625 million in bonds for the development of the Signia by Hilton hotel at Pan Am Plaza.

Her appointment was one of six made public Monday.

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