People in the news

Michael Froman

Deputy Assistant to the President and Deputy National Security Adviser for International Economic Affairs (since February 2009)

(Ronaldo Schemidt/
Getty Images)

Why He Matters

Froman and President Obama know each other from their time as editors of the Harvard Law Review. Now Froman has signed on for the unusual dual role of international finance adviser for both the National Economic Council (NEC) and the National Security Council (NSC), linking the two bodies in an effort to stem the world financial crisis. He'll also work as a liaison to the White House during Group of 7, Group of 8 and Group of 20 meetings.

A veteran of Citigroup, a bank that received $45 billion in government funding in order to stem its credit woes, Froman could receive some flak for being part of the beleaguered company's tumble. Citigroup has also been a poster-child for Wall Street excess as Treasury Secretary Timothy Geithner had to urge the company to cancel plans for a $45 million private jet, despite accepting billions in taxpayer funds.

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At a Glance

  • Career History: Citigroup executive (1999 to 2009); Treasury Department Chief of Staff (1997 to 1999); Deputy Assistant Secretary of Treasury for Eurasia and the Middle East (1995 to 1997)
  • Birthday: Aug. 20, 1962
  • Hometown: California
  • Alma Mater: Princeton University (international affairs); Oxford University, Ph.D. (international relations); Harvard Law School, J.D.
  • Spouse: Nancy Goodman
  • Web site