US President Donald Trump has nominated an Indian-American Bimal Patel to a key administrative position in the Treasury Department. Mr. Patel, from Georgia, has been appointed as the Assistant Secretary of the Treasury for Financial Institutions.
According to a report from India TV, he currently serves as the Deputy Assistant Secretary of the Treasury for the Financial Stability Oversight Council.
Mr. Patel was a partner and head of the Financial Advisory and Regulation practice in the Washington, DC, office of O’Melveny & Myers LLP, before joining the US Department of the Treasury, the White House said.
He previously served as a senior advisor to Director Jeremiah O. Norton on the Board of Directors of the Federal Deposit Insurance Corporation and as an adjunct associate professor at Stanford University, teaching an undergraduate course on banking regulation.
Mr. Patel earned his BA degree from Stanford University, MPP from the Kennedy School of Government at Harvard University, and JD. from the Georgetown University Law Center.