Timothy Franz Geithner, born August 18, 1961, has been nominated by President-elect Barack Obama to succeed Henry Paulson as the next US Secretary of the Treasury.
Geithner was born in Brooklyn, New York. His father, Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. His mother, Deborah M. Geithner, is a pianist and piano teacher in Larchmont, New York where his parents currently reside. He spent most of his childhood living outside the United States, including present-day Zimbabwe, India and Thailand, where he completed high school at International School Bangkok. He then attended Dartmouth College, graduating with a A.B. in government and Asian studies in 1983. He earned an M.A in International Economics and East Asian Studies from John Hopkins University's School of Advanced International Studies in 1985. He has studied Chinese and Japanese.
He married Dartmouth classmate Carole M. Sonnenfeld in 1985 at his parents' summer home in Orleans, Massachusetts. They have two children, Elise and Benjamin. In his spare time he fly-fishes, plays tennis and surfs.
After completing his studies, Geithner worked for Kissinger and Associates in Washington, D.C, for three years and then joined the International Affairs division of the US Treasury Department in 1988. He was deputy assistant secretary for international monetary and financial policy (1995-1996), senior deputy assistant secretary for international affairs (1996-1997), assistant secretary for international affairs (1997-1998).
He was Under Secretary of the Treasury for International Affairs (1998-2001) under Treasury Secretaries Robert Rubin and Lawrence Summers. Summers was his mentor, but other sources call him a Rubin protégé.
In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. At the International Monetary Fund he was director of the Policy Development and Review Department (2001-2003).
In October 2003, he was named president of the Federal Reserve Bank of New York. Once at the New York Fed, he became Vice Chairman of the Federal Open Market Committee component. In 2006, he also became a member of the Washington-based financial advisory body, the Group of Thirty.
In March 2008, he arranged the rescue and sale of Bear Stearns. As a Treasury official, he helped manage multiple international crisis of the 1990s in Brazil, Mexico, Indonesia, South Korea and Thailand.
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