Senate confirms former Hartford exec as deputy Treasury secretary

Reuters
May 19, 2009


WASHINGTON (Reuters)—The U.S. Senate on Monday confirmed Neal Wolin to be deputy Treasury secretary, giving the department a senior official as it tries to help guide the country out of a deep recession and fix the banking system.

Mr. Wolin, who previously served as president and chief operating officer of The Hartford Financial Services Group Inc.'s property and casualty operations, was approved by the Senate by unanimous consent. Just prior to his nomination by President Barack Obama, he had served as White House deputy counsel for economic policy since January.

Mr. Wolin joined The Hartford in 2001 as executive vp and general counsel. He was promoted to president and chief operating officer of the insurer's Property and Casualty Operations in June 2007. Prior to joining The Hartford, he served in several positions in the federal government, including general counsel of the Department of the Treasury, executive assistant to the National Security Advisor and as deputy legal adviser to the National Security Council.

Treasury Secretary Timothy Geithner initially had battled the global financial crisis with a small circle of advisers and few confirmed appointees in top posts, but has been gradually filling out the department's ranks.

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