Timothy Geithner, former Treasury Secretary from 2009 to January 2013, has announced his intention to join the Warburg Pincus Placement Fund.
During his mandate, Timothy Geither handled the second USD350 billion bailout installment. He reorganized the automobile industry to the detriment of the employees. He came under fire for his role in the Libor scandal and for that of the bonuses for AIG (American International Group, Inc.) top staff.
Close to the English Crown, he was member of the very discrete Pilgrims Society, which brings together high ranking personalities from both sides of the Atlantic, under Queen Elizabeth’s chairmanship.
Warburg Pincus is a Private Investment Fund which manages a 35 billion dollar portfolio. It took its name from it’s founder, Eric M. Warburg, whose family played a key role in the consolidation of the Federal Reserve.