Neel Kashkari, who ran the US government’s $700bn Tarp scheme during the Bush administration, has joined Pimco, the asset manager specialising in bonds. The move is likely to provoke criticism of the “revolving door” between government and the financial sector. Kashkari, a former Goldman Sachs banker, served in government under Hank Paulson, former Treasury secretary and Goldman’s ex-chief, and stayed on at the request of Tim Geithner, Treasury secretary, until Herb Allison, former CEO of Fannie Mae, took on the role in May. See also FT Alphaville.

This entry was posted by Gwen Robinson on Tuesday, December 8th, 2009 at 4:45 and is filed under Capital markets, People. Tagged with Neel Kashkari, pimco. Edit this entry.