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Ex-U.S. Treasury official to take over as head of IIF global bank industry group

Dec 11 2012 Reuters

Former U.S. Treasury Department official Tim Adams will take over from Charles Dallara as head of the Institute of International Finance, the international bank lobbying group said on Monday. Adams, who was an under secretary of the U.S. Treasury for International Affairs from 2005-07, will become managing director on Feb. 1. Dallara has led the IIF since 1993. The IIF is the world's largest international lobbying group for financial firms, comprising over 450 members worldwide. Adams currently directs the Lindsey Group, an economic advisory firm in Washington, D.C. He also served as chief of staff to Treasury secretaries Paul O'Neill and John Snow, as well as in the Office of Policy Development in the White House under George H.W. Bush. Dallara played a major role in negotiating Greece's debt restructuring earlier this year. His likely departure from the IIF was first reported in June. (Reporting by Gabriel Debenedetti in New York)

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