Geithner Counselor Lewis Alexander Leaving Treasury Today

Lewis Alexander, a counselor to Treasury Secretary Timothy F. Geithner who led efforts to build a new financial research office, is leaving the department.

Alexander, chief economist at Citigroup Inc. before going to the Treasury Department in 2009, was setting up the Office of Financial Research, which was created to help regulators prevent a repeat of the 2008 financial crisis.

Alexander, 54, whose last day is today, hasn’t announced any plans, Treasury spokesman Steve Adamske said. He is a former economist at the Federal Reserve and the Department of Commerce.

Alexander is the latest official hired in the aftermath of the financial crisis to leave the Obama administration.

Jim Millstein, the Treasury’s chief restructuring officer who worked on reshaping bailed-out insurer American International Group Inc., also leaves the department today, Adamske said.

Diana Farrell, deputy director of President Barack Obama’s National Economic Council, and Assistant Treasury Secretary Michael Barr, announced their departures in November.

The Office of Financial Research will collect and analyze data to help the new Financial Stability Oversight Council decide which companies are systemically important and warrant Fed supervision. A permanent director for the research office hasn’t been named.

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