Former U.S. Treasury Secretary Tim Geithner, who stepped down in January, has taken a job with the private equity firm Warburg Pincus.
In March, Geithner will become president and managing director of the New York City-based firm, CNNMoney reported.
Geithner, 52, told The Washington Post that he will play a "substantive role in helping ... manage the firm."
Warburg Pincus put out a statement saying Geithner will "work closely" with the firm's co-chief executives on strategy, management and investing.
Geithner, who began working for the Treasury in 1988, was most known for his TARP bank rescue plan, which was pushed through Congress by former Treasury Secretary Henry Paulson. Many saw the plan as a bailout for rich bankers, while other credited it with stabilizing the economy
Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Original headline: Geithner takes job with private equity firm
Most Popular Stories
- Steve Ballmer Files Six-Figure Counterclaim vs. Steve Gordon
- Creepers! Microsoft Buys 'Minecraft' Maker for $2.5 Billion
- Hispanic Buying Power Slow but Growing in South
- Back to School, Even in Immigration Jail
- Apple: Record iPhones 6 Orders on 1st Day
- When to Say No to Investors, Yes to Mentors
- Is a Mayweather, Pacquiao Big-Money Fight Possible?
- U.S. Factory Output Slowed 0.4 Percent in August
- Clinton: 'Fabulous to Be Back' in Iowa
- DOJ Launches Program to Thwart U.S. Extremists