Tim Adams, the managing director of economic advisory firm The Lindsey Group, will replace Charles Dallara as managing director of the Institute of International Finance.
“I am delighted and honored to assume this new role,” Adams, who will take the position of managing director-designate on Jan. 1 and assume the full responsibilities of the position on Feb. 1, said. “The [IIF] has, in its 30 years of existence, established itself as the leading global association of financial institutions. It has developed a key role in many areas of global finance, and I am confident is poised to expand that role over the coming years as we face a period of unprecedented change. I look forward to taking up the reins of this impressive organization and to working with the global policy and regulatory communities.”
Adams previously served as the undersecretary for international affairs at the U.S. Treasury, serving as the go-to person for issues related to international finance, exchange rate policy, G-7 summits and matters relating to the International Monetary Fund and World Bank.
Before joining the U.S. Treasury, Adams served as the chief of staff to Treasury Secretaries Paul O’Neill and John Snow. He also served in the White House’s Office of Policy Development under former president George Bush.
Douglas Flint, the chairman of the IIF’s board, said that Adams brings an “enviable range of skills and experience” to the organization.
“[He] is exceptionally well-positioned to lead the Institute over the years ahead,” Flint said. “Tim is a worthy successor to Charles, who has with supreme dedication steered the Institute over the past two decades to the position it now occupies, as the world’s pre-eminent association for global financial institutions. I look forward to working closely with Tim as he takes the Institute forward.”