• Adeyemo has worked in Obama adminsitration since 2009
  • G-20 sherpa role previously held by Froman, Brainard

U.S. Treasury official Adewale Adeyemo will replace Caroline Atkinson as U.S. President Barack Obama’s emissary to the Group of 20 economies, the White House said.

Atkinson is stepping down as Obama’s deputy national security adviser for international economics, and so-called G-20 sherpa, after two years. The role involves organizing international summits for leaders and shaping the decisions they make on policies for the world economy.

Adeyemo has served in the Obama administration since 2009, helping to establish the Consumer Financial Protection Bureau and working on currency agreements in the recent trade pact involving Pacific economies.

“I will be calling on Wally’s intellect, judgment and dedication as we sustain America’s global economic leadership, which reinforces our national security, and as we work with allies and partners around the world to create jobs and opportunity for all our people,” Obama said in a statement.

Adeyemo’s new position often leads to bigger promotions. Michael Froman, now the U.S. trade representative, and Federal Reserve Governor Lael Brainard both previously held the post.

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