25 Nov :In an attempt to run the treasury of the world’s largest economy, President-elect Barack Obama is restoring his faith in a person who got his elementary education in India.
After already having named at least four persons of Indian origin in his transition team, Obama has zeroed in on Timothy Geithner as the next Treasury Secretary of the US, a position equivalent to the finance minister in many other countries.
The US-born Timothy, at present President of the Federal Reserve Bank of New York, attended elementary school in the Indian capital New Delhi, before moving to many other Asian cities and back to the US for his graduation and master’s.
His father Peter F Geithner is an adviser to the Asia Center at Harvard University and a consultant to the Asia Pacific Philanthropy Consortium, Rockefeller Foundation, Sasakawa Peace Foundation, among others.
Besides, Geithner senior also serves on boards of National Committee on US-China Relations, China Center for
Economic Research (Peking University) and Center for the Advanced Study of India (University of Pennsylvania).
Peter was engaged with The Ford Foundation for 28 years, and had held various positions in Asia, including a position based in New Delhi as Deputy Representative for India, Nepal and Sri Lanka.
Peter Geithner has also written a book titled ‘Diaspora Philanthropy and Equitable Development in China and India’ which was published by Harvard University Press.