Ex-Treasury Secretary Timothy Geithner to Join Wall Street Equity Firm Warburg Pincus

Revolving Door

Ex-Treasury Secretary Timothy Geithner to Join Wall Street Equity Firm Warburg Pincus

Former Treasury Secretary Timothy Geithner has landed in the private sector, taking a job as president of the private equity firm Warburg Pincus, the firm announced on Saturday.

Geithner, who was president of the New York Fed at the outset of the financial crisis and has spent much of his career in the public sector, will take an active role in managing the firm.

“In his role, Mr. Geithner will work closely with Warburg Pincus’ co-chief executive officers, Charle R. Kaye and Jospeh P. Landy, on overall firm strategy and management, investing and portfolio management, organizational and funding structure, and investor relations,” the firm said in a statement.

Warburg’s principals first approached Geithner with the idea this summer, the Wall Street Journal reported.

“When they approached me, they clearly wanted me to play a substantive role in helping them manage the firm,” Geithner told the Journal.

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Comments
One Response to “Ex-Treasury Secretary Timothy Geithner to Join Wall Street Equity Firm Warburg Pincus”
  1. MBMEW says:

    Well it’s great to see another worm silently morphing out of the Publics’ memory, like Paulson and the others who orchestrated the theft of billions in the so-called 2008 recession. Slink on.

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