Lewis A. Sachs
Encyclopedia
Lewis A. "Lee" Sachs is a United States
banker who was Assistant Secretary of the Treasury for Financial Markets
from 1999 to 2001.
and educated at Denison University
, receiving a B.A. in Economics
and Political Science
in 1985.
Sachs worked at Bear Stearns
from 1985 to 1998, becoming a Senior Managing Director in 1991 and later Head of Global Capital Markets, and a Member of the Board of Directors.
Sachs joined the United States Department of the Treasury
in 1998 as Deputy Assistant Secretary for Government Financial Policy, a Senior Advisor to United States Secretary of the Treasury
Robert Rubin
and Chairman of the Steering Committee of the President's Working Group on Financial Markets. President of the United States
Bill Clinton
nominated Sachs to be Assistant Secretary of the Treasury for Financial Markets
in 1999, and Sachs subsequently held that office until 2001.
Upon leaving government service, Sachs became Vice Chairman of Perseus, LLC, holding that position until 2003. He was then the Chief Executive Officer
of Cornerstone Asset Management from 2003 to 2005. He then joined Mariner Investment Group as chairman of the firm's Investment Committee.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
banker who was Assistant Secretary of the Treasury for Financial Markets
Assistant Secretary of the Treasury for Financial Markets
The Assistant Secretary of the Treasury for Financial Markets is an official in the United States Department of the Treasury who heads the Office of Financial Markets....
from 1999 to 2001.
Biography
Lee Sachs was raised in Short Hills, New JerseyShort Hills, New Jersey
Short Hills is an unincorporated area located within the township of Millburn, in Essex County, New Jersey, United States. It is a popular commuter town for residents who work in New York City...
and educated at Denison University
Denison University
Denison University is private, coeducational, and residential college of liberal arts and sciences founded in 1831. It is located in Granville, Ohio, United States, approximately 30 miles east of Columbus, the state capital...
, receiving a B.A. in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and Political Science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...
in 1985.
Sachs worked at Bear Stearns
Bear Stearns
The Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...
from 1985 to 1998, becoming a Senior Managing Director in 1991 and later Head of Global Capital Markets, and a Member of the Board of Directors.
Sachs joined the United States Department of the Treasury
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
in 1998 as Deputy Assistant Secretary for Government Financial Policy, a Senior Advisor to United States Secretary of the Treasury
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...
Robert Rubin
Robert Rubin
Robert Edward Rubin served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992...
and Chairman of the Steering Committee of the President's Working Group on Financial Markets. President of the United States
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....
Bill Clinton
Bill Clinton
William Jefferson "Bill" Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. He took office at the end of the Cold War, and was the first president of the baby boomer generation...
nominated Sachs to be Assistant Secretary of the Treasury for Financial Markets
Assistant Secretary of the Treasury for Financial Markets
The Assistant Secretary of the Treasury for Financial Markets is an official in the United States Department of the Treasury who heads the Office of Financial Markets....
in 1999, and Sachs subsequently held that office until 2001.
Upon leaving government service, Sachs became Vice Chairman of Perseus, LLC, holding that position until 2003. He was then the Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Cornerstone Asset Management from 2003 to 2005. He then joined Mariner Investment Group as chairman of the firm's Investment Committee.