Thursday, 30 March 2017
Last updated 4 hours ago
Mar 9 2015 | 1:43pm ET
Anjan Mukherjee has left Blackstone abd joined the U.S. Treasury Department as counselor to the secretary and deputy assistant secretary for financial institutions.
In his new role, Mukherjee will advise Treasury Secretary Jack Lew.
In a memo to employees, Blackstone CEO Stephen Schwarzman said that Mukherjee was “a core member of the private-equity team. ” In addition, he noted that Mukherjee was an important team member engaged in a number of the company’s “most notable transactions.”
Those deals include the firm's purchase of chemical producer Polymer Group, IT healthcare provider Edmeon, and drug manufacturer Stiefel Laboratories.
At the firm, Mukherjee was a senior managing director in its private-equity unit. He also vetted potential deals as a member of the company’s investment committee.
The decision appears to return to the government side appears to be a constant theme in his life. Following several roles at Morgan Stanley, he joined the Department of Education during the Clinton administration.
He joined Blackstone in 2001, but also worked in the transition team of President Barack Obama, where he focused on economics and international trade matters. During the post-financial crisis years, he advocated the strengthening of derivatives regulation.