Former Treasury Secretary Timothy Geithner, who’s leading role in the bank bailouts is featured in the book and HBO movie “Too Big To Fail”, is taking on a key role at a New York-based private equity firm.
Geithner was one of the architects of the TARP bailouts that helped ease the huge impact of the financial crisis on the U.S. economy.
Geithner, 52, who left the Obama administration earlier this year, is joining Warburg Pincus, LLC as president and managing director.
He will work with Chip Kaye and Joe Landy, co-chief executive officers, in managing the firm, investing its funds and communicating with investors.
“He brings a history of strong leadership, a deep understanding of economies and markets, and a truly global perspective,” Kaye said of Geithner in the statement. “These attributes will be of tremendous value to our firm in this increasingly interconnected world.”
The 40-year-old firm has invested more than $45 billion in 675 companies worldwide, says the firm’s website.
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