Charles Collyns, the U.S. Treasury Department’s assistant secretary for international finance, is leaving the department at the end of this month to become chief economist for the Institute of International Finance, a person familiar with the matter said.
Collyns’ departure was announced in an e-mail today from Lael Brainard, the Treasury’s undersecretary for international affairs, according to the person, who requested anonymity to discuss personnel changes. Brainard credited Collyns, who joined the department in February 2010, with playing a critical role in the U.S. response to the European financial crisis and in crafting the approach to economic transitions in the Arab Spring countries.
Collyns, 57, was responsible for the Treasury’s work on international monetary policy, global financial institutions, and regional and bilateral economic issues including coordination with the Group of Seven and Group of 20.
He previously worked at several positions at the International Monetary Fund, including deputy director of the research department.
The Washington-based IIF represents global financial institutions. Its chief executive officer is Timothy Adams, a former undersecretary for international affairs at the Treasury during the George W. Bush administration. The group’s board members include executives from HSBC Holdings Plc, Citigroup Inc. and Swiss Re AG (SREN), according to its website.
Collyns’s “ability to assess and anticipate the macroeconomic environment and its relation to the global financial system will be invaluable to the IIF’s mission,” Adams said in statement today. Collyns will also have the title of managing director, according to the statement.
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