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Deputy Treasury Secretary Neal S. Wolin to step down in August

140px-US-DeptOfTheTreasury-Seal.svgThe U.S. Treasury announced on Tuesday that Deputy Secretary Neal S. Wolin, the longest-serving deputy secretary in the history of the Treasury, will leave in August after more than four years in the position.

“For more than four years, Neal has played a key role on my economic team,” President Obama said. “His deep knowledge and excellent judgment helped us prevent a second Great Depression, pass tough new Wall Street reform, strengthen our financial system, foster growth here at home and promote economic development around the world. Every day, Neal works to grow our economy and strengthen the middle class, and I’m grateful for his leadership and his commitment to serving the American people.”

From January to February, Wolin served as acting Treasury secretary, and he was confirmed as deputy in May 2009. Wolin also served as the deputy assistant to the president and deputy council to the president for economic policy.

“I want to thank Neal for his extraordinary service to the Treasury Department and our country,” Treasury Secretary Jack Lew said. “He has been a remarkable leader who has taken on some of the most difficult economic and foreign policy challenges we have faced as a nation. Neal’s wise counsel has been indispensable to me, and because of his tremendous insight and analysis, we are in a far stronger position today to continue the critical work ahead.”

Additionally, he served as general counsel to the Treasury from 1999 to 2001 and deputy general counsel from 1995 to 1999. From 2001 to 2008, Wolin served as the president and COO for property and casualty operations at The Hartford Financial Services Group.

He is a graduate of Yale College, the University of Oxford and Yale Law School.

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