Herbert M. Allison, Jr. (born 1943) is currently serving as Assistant Secretary of the Treasury for Financial Stability of the United States. He was confirmed by the Senate on June 19, 2009. As such, he develops as well as coordinates United States Department of the Treasury policies concerning financial stability. As part of his duties he also oversees the Troubled Asset Relief Program (TARP), the $700 billion fund to purchase assets and equity ...
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Herbert M. Allison, Jr. (born 1943) is currently serving as Assistant Secretary of the Treasury for Financial Stability of the United States. He was confirmed by the Senate on June 19, 2009. As such, he develops as well as coordinates United States Department of the Treasury policies concerning financial stability. As part of his duties he also oversees the Troubled Asset Relief Program (TARP), the $700 billion fund to purchase assets and equity from financial institutions in order to strengthen the financial sector of the economy.
His previous position was as President and CEO of Fannie Mae, a post to which he was appointed in September 2008. Prior to that, Mr. Allison was Chairman, President and Chief Executive Officer of TIAA-CREF from 2002 until his retirement in 2008.
Mr. Allison began his career at Merrill Lynch as an associate in investment banking and served variously as Treasurer, Director of Human Resources, Chief Financial Officer, Executive Vice President, President, Chief...
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