When Treasury Secretary Hank Paulson hired his point man Neel Kashkari as the interim assistant secretary for financial stability, he was the first of what likely will be many staffers. While speaking to the Institute of International Bankers in Washington, Kashkari (pictured) divulged the names of his first hires.
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Treasury has made key interim hires to get the program operating.
- Tom Bloom, chief financial officer of the office of the comptroller of the currency, will be the program's CFO.
- Jonathan Fiechter, deputy International Monetary Fund monetary and capital markets department director, will be interim chief risk officer. Fiechter was a board member of the Resolution Trust Corp. that was implemented to resolve the savings and loan crisis of the 1980s.
- Don Hammond, deputy director of Federal Reserve Bank's operations and payment systems, as interim chief compliance officer.
- Donna Gambrell, Community Development Financial Institutions Fund director, will be interim chief of homeownership preservation.
The plan, he said is for the interim officers to hire staffers and identify their permanent successors. The president will nominate a director for the entire program, and the Senate must confirm it. - Ron Orol
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Ron Orol is a Washington-based reporter for The Deal and author of Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World.
