Former Citi AI COO Picked To Head Budget Office

Jul 14 2010 | 11:53am ET

President Barack Obama has nominated a former Citi Alternative Investments executive to serve as director of the Office of Management and Budget.

Jacob Lew spent two-and-a-half years at the Citigroup hedge fund unit before joining the State Dept. last year as deputy secretary for management and resources. If Lew is confirmed to replace Peter Orszag, who is stepping down at the end of the month, it will be his second go-around at the helm of OMB, having served as director under former President Bill Clinton from 1998 through 2001.

“At a time when so many families are tightening their belts, he’s going to make sure the government continues to tighten its own,” Obama said yesterday. “He’s going to do this while making government more efficient, more responsive to the people it serves.”

Lew joined Citi AI in 2006. He spent the entirety of the Clinton administration in government, first as a special assistant to the president, and then as associate director for legislative affairs at OMB.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR