IIF Names Tim Adams to Replace Dallara as Managing Director

Dec. 10 (Bloomberg) -- The Institute of International Finance, which represents more than 450 financial companies, appointed former U.S. Treasury Undersecretary Tim Adams as its next managing director.

Adams, currently managing director of the Lindsey Group, an economic consultancy in Fairfax, Virginia, will join the Washington-based group on Jan. 1 and take its helm a month later, the IIF said in a statement today.

He will replace Charles Dallara, also a former Treasury official, who announced his decision to step down in June after leading negotiations for private creditors in Greece’s debt swap.

Adams was the Treasury’s undersecretary for international affairs in President George W. Bush’s administration from 2005 to 2007, serving as the department’s point man on China, currency markets and the International Monetary Fund.

Adams was an adviser on Bush’s two campaigns for the White House and served as Treasury’s chief of staff during his first term. He also worked in the White House of President George H.W. Bush and co-founded the G-7 Group, an advisory firm.

“From a broad field of contenders, Tim Adams clearly stood out,” Douglas Flint, chairman of the IIF’s board and chairman of HSBC Holdings Plc, said in a statement. “He brings to the IIF an enviable range of skills and experience, from both the public and private sectors.”

To contact the reporter on this story: Simon Kennedy in London at skennedy4@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net