Wally Adeyemo

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Wally Adeyemo
Wally-Adeyemo-Treasury.jpg
15th United States Deputy Secretary of the Treasury
Assumed office
March 26, 2021
PresidentJoe Biden
SecretaryJanet Yellen
Preceded byJustin Muzinich
1st President of the Obama Foundation
In office
August 1, 2019 – March 25, 2021
Preceded byOffice established
Succeeded byValerie Jarrett (acting)
United States Deputy National Security Advisor for International Economics
In office
2015–2016
PresidentBarack Obama
Preceded byCaroline Atkinson
Succeeded byDaleep Singh
Personal details
Born
Adewale O. Adeyemo

(1981-05-20) May 20, 1981 (age 40)[1]
Ibadan, Oyo State, Nigeria[1][2]
Political partyDemocratic
EducationUniversity of California, Berkeley (BA)
Yale University (JD)

Adewale "Wally" Adeyemo (born May 20, 1981)[3] is a Nigerian-American government official serving as the United States deputy secretary of the treasury.[4] He was the first president of the Obama Foundation and also served during the Obama administration as the deputy national security advisor for international economics from 2015 to 2016 and deputy director of the National Economic Council.

Early life and education[]

Adeyemo was born to Yoruba parents in Nigeria and raised in Southern California.[5] His father was a teacher and his mother was a nurse. He has two younger siblings.[6] After graduating from Eisenhower High School in Rialto, California in 1999,[7] he received a Bachelor of Arts degree from the University of California, Berkeley in 2004 and a Juris Doctor degree from Yale Law School in 2009.[1][8]

Career[]

Adeyemo served as the director of African American outreach for the John Kerry 2004 presidential campaign and was based in the San Francisco office.[9]

Prior to joining the Obama administration, Adeyemo worked as an editor at the Hamilton Project. Adeyemo then served as senior advisor and deputy chief of staff to Jack Lew in the United States Department of the Treasury.[10] Adeyemo later worked as the chief negotiator for the Trans-Pacific Partnership. He also served as the first chief of staff of the Consumer Financial Protection Bureau under Elizabeth Warren.

In November 2014, Adeyemo was nominated to be assistant secretary of the treasury for international markets and development[11] at the same time that the incumbent assistant secretary, Marisa Lago, was nominated to be a deputy United States trade representative.[12] He appeared before the Senate Committee on Banking, Housing, and Urban Affairs in September 2015,[13] but the committee did not advance his nomination to the full Senate. The nomination was withdrawn by President Obama in December 2015.[14] Adeyemo was instead selected to concurrently serve as deputy national security advisor for international economics and deputy director of the National Economic Council in 2015, serving until 2016. During his tenure, he was the president's representative to the G7 and G20 and held several senior management positions at the Department of the Treasury, including senior adviser and deputy chief of staff, and chief negotiator for the Trans-Pacific Partnership’s provisions on macroeconomic policy.[3]

Adeyemo served as a senior advisor at BlackRock.[when?] Previously, he served as interim chief of staff for the firm's CEO, Laurence D. Fink.[15] On August 1, 2019, Adeyemo was selected as the first president of the Obama Foundation.[16]

In November 2020, it was announced that Adeyemo would be nominated to serve as United States deputy secretary of the treasury in the Biden administration.[17][18] On January 20, 2021, his nomination was submitted to the Senate for confirmation.[19] A hearing before the Senate Committee on Finance was held on February 23, 2021.[20] On March 3, 2021, he was reported out of committee by voice vote[21] and on March 25, 2021, he was confirmed by the Senate, also by voice vote.[19] On March 26, 2021, he was sworn into office by Secretary Janet Yellen.[22]

References[]

  1. ^ Jump up to: a b c Hearing before the Committee on Banking, Housing, and Urban Affairs (PDF). U.S. Senate. p. 19. Retrieved January 23, 2021.
  2. ^ "Commencement speaker Wally Adeyemo followed a remarkable road to leadership". April 15, 2021.
  3. ^ Jump up to: a b "Adewale Adeyemo: President of Obama Foundation". Leadership. August 11, 2019. Retrieved November 29, 2020.
  4. ^ "Obama Foundation Announces Wally Adeyemo as President". Obama Foundation. Retrieved December 2, 2020.
  5. ^ "Obama Appoints 34 Years Old Adewale Adeyemo As Deputy National Security Advisor". Nairametrics. December 16, 2015. Retrieved June 6, 2020.
  6. ^ Rappeport, Alan (December 1, 2020). "Biden Pick for Treasury's No. 2, a Moderate Voice, Breaks Racial Barrier". The New York Times. Retrieved December 23, 2020.
  7. ^ "Notable Eagles". Eisenhower High School. Retrieved December 1, 2020.
  8. ^ Rachlin, Jill. "Wally Adeyemo". Reiss Center on Law and Security. Retrieved June 6, 2020.
  9. ^ "John Kerry-California Campaign Organization". p2004.org. Retrieved June 6, 2020.
  10. ^ Communities, Africa Business. "Obama appoints 34-yr-old Nigerian, Adewale Adeyemo as deputy NSA". Africa Business Communities. Retrieved June 6, 2020.
  11. ^ "PN2119 — Adewale Adeyemo — Department of the Treasury". U.S. Congress. December 17, 2014. Retrieved January 23, 2021.
  12. ^ "PN2121 — Marisa Lago — Executive Office of the President". U.S. Congress. December 17, 2014. Retrieved January 26, 2021.
  13. ^ "Statement By Adewale O. Adeyemo, Nominee For Assistant Secretary For International Markets And Development, Before The Senate Committee On Banking, Housing, And Urban Affairs". U.S. Department of the Treasury. Retrieved January 23, 2021.
  14. ^ "PN86 — Adewale Adeyemo — Department of the Treasury". U.S. Congress. December 18, 2015. Retrieved January 23, 2021.
  15. ^ "ABANA | Event Speakers | Wally Adeyemo".
  16. ^ "Obama Foundation Announces Wally Adeyemo as President". Obama Foundation. Retrieved June 6, 2020.
  17. ^ "Biden unveils diverse economic team as challenges to economy grow". POLITICO. Retrieved November 30, 2020.
  18. ^ Davidson, Ken Thomas and Kate (November 29, 2020). "WSJ News Exclusive | Biden to Name Rouse, Tanden to Economic Team". Wall Street Journal. ISSN 0099-9660. Retrieved November 30, 2020.
  19. ^ Jump up to: a b "PN79-1 — Adewale O. Adeyemo — Department of the Treasury". U.S. Congress. Retrieved February 22, 2021.
  20. ^ "Hearing to Consider the Nomination of Adewale O. Adeyemo, of California, to be Deputy Secretary of the Treasury". U.S. Senate. Retrieved February 22, 2021.
  21. ^ "Trade, Treasury nominees advanced by Senate Finance". Roll Call. March 3, 2021. Retrieved March 5, 2021.
  22. ^ "Swearing In of Deputy Secretary Wally Adeyemo". home.treasury.gov. March 26, 2021. Retrieved March 27, 2021.

External links[]

Non-profit organization positions
New office President of the Obama Foundation
2019–2021 		Succeeded by
Valerie Jarrett (interim)
Political offices
Preceded by
Justin Muzinich 		United States Deputy Secretary of the Treasury
2021–present 		Incumbent
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