Tim Geithner to Join Leveraged Buyout Firm Warburg Pincus

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Tim Geithner to Join Leveraged Buyout Firm Warburg Pincus

Tim Geithner to Join Leveraged Buyout Firm Warburg Pincus

BLAST FROM THE PAST: Geithner describes self as “extremely unlikely” to join Wall Street. Oh, yesterday!

Bloomberg-

Former Treasury Secretary Timothy Geithner will join private-equity firm Warburg Pincus LLC next year after 26 years in public service, the company said.

Geithner will become president at the New York-based buyout firm starting March 1, according to a statement today from Warburg Pincus. He will work with Chip Kaye and Joe Landy, who have led the firm since 2000 and this year began sharing the title of co-chief executive officer, in managing the firm, investing its funds and communicating with investors.

“He brings a history of strong leadership, a deep understanding of economies and markets, and a truly global perspective,” Kaye said of Geithner in the statement. “These attributes will be of tremendous value to our firm in this increasingly interconnected world.”

[BLOOMBERG]

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One Response to “Tim Geithner to Join Leveraged Buyout Firm Warburg Pincus”

  1. OMG! NO SURPRISE!

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