Shanghai, China (PRWEB) May 31, 2013
The Group of Thirty (G30) announced today that Timothy Geithner, former United States Secretary of the Treasury during the first term of President Barack Obama has accepted an invitation to membership of the G30. Secretary Geithner returns to the G30 as a member having previously been a member of the G30 from 2006 to 2009 prior to his appointment.
Dr. Jacob A. Frenkel, Chairman of the Board of Trustees, stated: "We are delighted to welcome Timothy Geithner to the G30. We salute his outstanding career in public service both as President of the Federal Reserve Bank of New York as well as the United States Secretary of Treasury, and the pivotal role he played in the response to the recent financial crisis."
Dr. Frenkel continued: "Secretary Geithner brings to the Group a wealth of experience at the highest level of international financial diplomacy and economics. The effectiveness of the G30 depends fundamentally upon the quality and stature of the Group’s members, and I and the Trustees welcome Secretary Geithner to membership. We look forward to his contribution to the policy deliberations of the G30."
Jean-Claude Trichet, Chairman of the G30, said: “I am extremely pleased to extend membership to Tim. Having worked closely with him over many years, I anticipate his valuable future engagement with the Group, through our events, work program, and meetings." Chairman Trichet continued: "I know Tim will add a great deal to the intellectual life of the G30 in the years ahead.”
The Group of Thirty was founded in 1978. The Group is a private, nonprofit, international body composed of senior participants from the private and public sectors and academia. The Group aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors and to examine the choices available to market practitioners and to policymakers. The Group is led by Jacob A. Frenkel, Chairman of its Board of Trustees, and Jean-Claude Trichet, Chairman of the Group.
A full membership is available at http://group30.org/members.shtml