The Treasury Department named James H. Lambright this week to serve as interim chief investment officer for the Troubled Asset Relief Program (TARP) authorized by Congress earlier this month until the position is filledpermanently. It is one of several expected appointments at the new agency which is qucikly staffing up.
In a statement issued yesterday, the Treasury Departmentsaid Lambright would counsel Secretary Henry M. Paulson, Jr., andInterim Assistant Secretary for the Office of Financial Stability Neel Kashkari as they develop and implement the program. Prior to joining the Treasury in 2006, Kashkari was a vice president at Goldman, Sachs & Co. in San Francisco, where he led its IT Security Investment Banking practice. Paulson was chairman and CEO of Goldman until he was appointed and sworn in as Treasury secretary in 2006.
Given the upcoming global leaders’ meeting on financialmarkets, Secretaries Paulson and Rice determined that Under SecretaryReuben Jeffery, previously slated to be named interim chief investmentofficer, should remain at the State Department.
Lambright was head of the Export-Import Bank since 2005, where he managed 400 employees and a $60 billion credit portfolio with $100 billion in financing capacity and prior to that was at Credit Suisse First Boston Corp. where he worked in private equity and specialized in the underwriting and negotiation of real estate and venture capital transactions.