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.