Kashkari quietly transitions from Treasury to Pimco

01/3/2010 | NYTimes.com

Neel Kashkari, formerly an investment banker at Goldman Sachs, emerged from the global financial crisis as a star. In October 2008, Mr. Kashkari became the leader of the Troubled Asset Relief Program. He resigned May 1 and then laid low for several months before being named head of new investment initiatives at Pimco. "Kashkari brings a great deal of potential benefit to Pimco in terms of government knowledge and connections to both parties," said Douglas J. Elliott, a Brookings Institution fellow. "He understands what the government is likely to do and has a good understanding of the financial sector. So I can really see why Pimco would want him."

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