Wednesday, July 22, 2009

Major Insider to be Nominated for Under Secretary for Domestic Finance, Department of the Treasury

The White House has announced that President Obama plans to nominate Jeffrey Goldstein as Under Secretary for Domestic Finance, Department of the Treasury.

Goldstein is a long time revolving door man between Wall Street and the governmant.

Goldstein is currently a Managing Director of Hellman & Friedman LLC, a private equity investment firm with offices in San Francisco, New York and London.

Goldstein served at the World Bank from 1999 to 2004, where he served as Managing Director and Chief Financial Officer.

Goldstein was the Bank's point person on the International Development Association (IDA). He also helped lead the Bank's relationship with the G-8 countries. As Chief Financial Officer, he was responsible for the Bank's financial operations and budget. He was the Bank's representative on the Financial Stability Forum and on the International Monetary Fund's Capital Markets Consultative Group and Chairman of the Pension Finance Committee.

Prior to joining the World Bank, Mr. Goldstein was Co-Chairman of BT Wolfensohn and a member of the Bankers Trust Company Management Committee. He held senior management positions and worked with BT Wolfensohn and its predecessor, James D. Wolfensohn Incorporated, for more than 15 years (Paul Volcker was Chairman and CEO at Wolfesohn before retirng).

Early in his career, Goldstein taught economics at Princeton University and worked at the Brookings Institution and the U. S. Department of the Treasury.

Goldstein received his Ph.D., M.Phil., and M.A. in economics from Yale University.

He received his B.A. with honors in economics from Vassar College (Phi Beta Kappa) and attended the London School of Economics.

Goldstein is a member of the Board of LPL Holdings Inc., AlixPartners LLP and Grosvenor Capital Management and the Board of Trustees of the International Center for Research on Women. He is also on the Board of Trustees of Vassar College and is Chairman of the Vassar College Investments Committee. He is also a member of the Brookings Institution Global Leadership Council, The London School of Economics North American Advisory Board and is a member of the Council on Foreign Relations.

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