President-elect Biden’s transition team picked Gary Gensler for chair of the Securities and Exchange Commission.
Gensler, 63, has a wealth of experience in public service.
He served as chairman of the U.S. Commodity Futures Trading Commission under President Obama from 2009 to 2014. He also worked as under secretary of the Treasury for domestic finance from 1999 to 2001 and assistant secretary of the Treasury for financial markets from 1997 to 1999.
Gensler also had worked as chief financial officer for Hillary Clinton’s 2016 presidential campaign.
Before venturing into public service, he spent 18 years at Goldman Sachs.
Gensler, who currently works as a professor of the Practice of Global Economics and Management at MIT Sloan School of Management, won the MIT Sloan Outstanding Teacher Award based upon student nominations for the 2018-19 academic year.
He earned his MBA from the Wharton School, University of Pennsylvania in 1979.
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