New York, New York, June 1, 2018 – Former U.S. Treasury Secretary Jacob J. Lew has been elected to the Board of Directors of the Financial Services Volunteer Corps (FSVC).
FSVC is a not-for-profit organization that helps build financial sectors in developing and emerging market countries by sending senior-level financial experts on overseas volunteer technical assistance missions.
Secretary Lew served as the 76th Secretary of the U.S. Treasury from 2013 to 2017, and previously served as White House Chief of Staff. Prior to that role, he was the Director of the Office of Management and Budget (OMB), a position he also held in President Clinton’s Cabinet from 1998 to 2001. Before returning to OMB in 2010, Secretary Lew first joined the Obama Administration as Deputy Secretary of State for Management and Resources. Secretary Lew is currently a partner at the private equity firm Lindsay Goldberg and is a Visiting Professor of International and Public Affairs at Columbia University’s School of International and Public Affairs.
“FSVC has an exceptional reputation as a leading technical assistance provider in strengthening central banking, commercial banking and capital markets in regions where it is most needed,” said Secretary Lew. “I look forward to contributing to its important work, which plays an important role in supporting economic development and job opportunities for people in emerging markets and, helps protect the integrity of the U.S. and global financial system.”
Secretary Lew fills a vacancy on FSVC’s Board left by Randal K. Quarles, who stepped down in October to serve as Vice Chair for Supervision of the Federal Reserve System.
FSVC Chairman William H. Donaldson stated, “Jack is an outstanding addition to our Board. His vast experience working at the most senior levels of government will be invaluable to FSVC as we look to position the organization optimally in the coming years. Moreover, his extensive understanding of complex diplomatic and policy issues will help inform FSVC’s global technical assistance programs.”
FSVC President and CEO Andrew Spindler added, “It is an honor to have Secretary Lew join FSVC’s Board. As Treasury Secretary, Jack helped the U.S. economy recover from the 2008 global recession, and was responsible for overseeing the implementation of landmark regulatory reforms. We are grateful for his willingness to serve on our Board, and look forward to benefitting greatly from his input and perspective on issues affecting the emerging market world.”