American President Barack Obama has hand picked Adewale “Wally”
Adeyemo, who served in top roles at the Treasury Department, to succeed
Caroline Atkinson as his deputy national security adviser for
international economic affairs.
Mr. Adeyemo had been nominated by Mr. Obama to serve as assistant
Treasury secretary for international markets and development, but a
White House official said Mr. Adeyemo had asked the president to
withdraw the nomination given his new role.
Ms. Atkinson on the other hand has served in her current post since
June 2013, a position that includes coordinating U.S. participation in
the annual summits of the Group of 20 and Group of Seven countries.
Ms. Atkinson also played key roles in the recently concluded
climate negotiations in Paris and in pushing the White House’s trade
agenda, including the Trans-Pacific Partnership trade agreement.
Mr. Adeyemo, 34, joined the White House’s National Economic Council
as deputy director this fall from the Treasury, where he served most
recently as the deputy chief of staff to Secretary Jacob Lew.
He was the Treasury’s lead negotiator on the currency agreement that was part of the Pacific trade deal.
Mr. Adeyemo also worked on Treasury’s response to crises in Ukraine
and Greece and in 2010 was one of the first officials charged with
standing up the Consumer Financial Protection Bureau.
In a statement, Mr. Obama thanked Ms. Atkinson for her service and
said he was grateful that Mr. Adeyemo would carry on her work.
Mr. Lew said that Mr. Adeyemo had “developed a network of
international relationships in economic offices around the world to
promote U.S. interests effectively.” Former Treasury Secretary Tim Geithner said Mr. Adeyemo, who joined the administration in 2009, was a “natural diplomat with a great feel for policy.”
The position has served as a springboard to even higher profile
international finance posts. Michael Froman, who is currently the U.S.
trade representative, held the post under both Mr. Obama and President
Bill Clinton. Federal Reserve governor Lael Brainard, who previously
served as a senior Treasury official in the Obama administration, held
the post in the Clinton administration.
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