In office less than two weeks, new state General Treasurer Frank T. Caprio has already reshuffled his top staff. For starters, his office announced last week that it would not, after all, hire a former state lawmaker who was in federal Bankruptcy Court four years ago seeking Chapter 7 protection from creditors.

Caprio earlier confirmed having offered a job in the treasury department’s financial office, at 40 Fountain St., to former Rep. Donald O. Reilly Jr., a Cumberland Democrat who served a decade in the House before losing his seat in the 2004 primary. In a published interview several weeks ago, Caprio said he was aware of Reilly’s past financial troubles, but “we believe in the old American motto of people deserve a second chance.”

Late last week, Caprio spokesman Peter Kerwin confirmed that chief of staff Mark Dingley had, at one point, introduced Reilly to the financial office staff at 40 Fountain St. as a candidate for the high-level job of cash manager, held in the last administration by Corsino Delgado.

Unlike Delgado, whose resume describes him as a certified treasury professional who had spent 16 years in financial management at Textron, Reilly has spent much of his career drumming up business for mortgage lending companies.

Kerwin said Reilly decided to pursue other opportunities.

Caprio’s first draft pick for deputy treasurer of finance, Craig M. DeCesare, also decided to remain in the private sector.

The onetime president of Clarion Capital, an investment fund in Providence, DeCesare has most recently been associated with Off Wall Street Consulting Group, in Cambridge, Mass.

Caprio ultimately tapped Kenneth Goodreau, a Cranston native and University of Rhode Island graduate now living in Massachusetts who, until August, was the managing partner of Knollwood Capital Partners, which his resume describes as a small, technically driven hedge fund.

Before that, he did stints as a financial adviser at Tucker Anthony (1996-98); financial adviser/portfolio manager at UBS Paine Webber during a time (1998-2002) when he also hosted a live market update nightly on B101 radio; senior technical analyst at Leerink Swann & Co. and contributing journalist at Thestreet.com.

His resume, provided by Caprio’s office, lists his other interests as “golf, weight lifting, snowboarding, wakeboarding, drawing, the markets!”