The lobby group for global banks, the Institute of International Finance (IIF), has named a new chief.
The IIF said Tuesday that Tim Adams, managing director of The Lindsey Group, a Washington D.C.-based economic advisory firm, has been appointed to succeed Charles Dallara as managing director of the group. He will join the IIF on January 1, 2013 as managing director-designate, and will take up his new position on February 1.
Adams, a former under secretary of the U.S. Treasury for International Affairs, said, “[The IIF] has developed a key role in many areas of global finance, and I am confident is poised to expand that role over the coming years as we face a period of unprecedented change.”
At Treasury, Adams was the U.S. government’s point person on international financial issues, including exchange rate policy, G7 meetings, and matters relating to the IMF and The World Bank. He also served as chief of staff to two Treasury secretaries, Paul O’Neill and John Snow, and he served in the White House under the first President Bush, at the Office of Policy Development.