The US senate has confirmed the nomination of Nigerian-born Adewale Adeyemo as the deputy secretary of the treasury department — making him the first African American to hold the position.
“Wally is everything the Treasury Department needs right now: He has spent his career working at the intersection of America’s national security interests and our economic ones,” Yellen was quoted to have said in a statement.
“In the process, he’s become a master of shuttle economic diplomacy, helping keep America’s economy strong at home and competitive abroad.
“Those values – and that managerial experience – will be a tremendous asset to Treasury now as we continue implementing the American Rescue Plan.”
The Nigerian-American will play a key role in shaping US economic policy on issues ranging from financial regulation to relief for everyday Americans and US sanctions on foreign governments.
Adeyemo, 39-years-old, served in the administration of former President Barrack Obama as deputy national security adviser (NSA) for international economics.
He is reputed to have helped the US combat the global economic recession of 2008.
He has also held several management positions at the US department of the treasury, including senior adviser and deputy chief of staff.
Adeyemo is a graduate of the University of California, Berkeley and Yale Law School. While at Yale, he was the co-director, project on law and education for the university.