Wally Adeyemo
Adewale “Wally” Adeyemo (born May 20, 1981) is a Nigerian-American economic and political advisor. He was the first president of the Obama Foundation and is President-elect Joe Biden‘s nominee for United States Deputy Secretary of the Treasury. During the Obama administration, Adeyemo was the Deputy National Security Advisor for International Economics from 2015 to 2016 and Deputy Director of the National Economic Council.
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Wally Adeyemo | Center for Strategic and International Studies
Biden Administration International Affairs Personnel Tracker – Wally Adeyemo
2021-01-10 Kamala Harris Picks Member of World’s Largest Asset Firm as Top Economic Adviser In March 2016, BlackRock CEO Larry Fink began hiring a “shadow government” of Democratic operatives and economic policy wonks. The reasoning was transparent: this coterie of revolvers would safeguard BlackRock’s interests in Washington whether or not Larry Fink was ultimately named Treasury Secretary, a role to which he long aspired and for which Barack Obama had already considered him.
Though Clinton ultimately lost the election, Fink continued hiring Democratic operatives and remained personally involved in party politics. Now, as Joe Biden prepares to enter the White House, members of the BlackRock “shadow government” are queued up for major policy roles. They include Brian Deese, who will be the next National Economic Council director, and Wally Adeyemo, who will be a top aide to Treasury Secretary nominee Janet Yellen. Yet the BlackRock figure set to join the administration with the deepest ties to both the firm and the neoliberal economic policies it benefits from won’t be serving in the White House at all, but rather as the top economic aide to Biden’s potential successor.
2021-01-02 Two Biden aides will recuse on BlackRock issues as past ties pose questions The world’s largest asset manager has much at stake as the new president’s team takes office. n 2013, the asset management firm BlackRock unleashed a lobbying blitz to carpet-bomb a new Treasury Department agency, pushing federal regulators away from tightening requirements on its massive business lines. In 2019, the company won again when the Trump administration cemented an approach that would essentially exempt large companies such as BlackRock from more scrutiny.
Now, however, the New York firm — with $7.8 trillion in assets under management — could face its biggest threat yet, with Democratic control of the White House and influential figures on the left bent on breaking Wall Street apart.
But BlackRock, the world’s largest asset manager, is entering this era in a unique position: Two of President-elect Joe Biden’s senior economic advisers worked there in the years after they left the Obama administration.
- Adewale ‘Wally’ Adeyemo was born in Nigeria to Nigerian parents in the year 1981 but his family migrated to the US when he was a baby.
- He grew up with his younger brother and sister in the east of Los Angeles, California.
- Adeyemo obtained his first degree from the University of California, UC Berkeley.
- He also holds a J.D from Yale Law School; this degree gives him a general overview knowledge about United States law.
- In 2013, Adewale Adeyemo worked as a senior advisor and deputy chief of staff to the 76th United States secretary of the treasury, Jack Lew.
- He was the first chief of staff at the Consumer Financial Protection Bureau under Elizabeth Warren.
- Under President Barack Obama, Adewale Adeyemo was the deputy national security advisor and deputy director of the National Economic Council.
- He served as the senior advisor to the vice chairman at BlackRock Inc. between May 2017 and December 2019 and was recently at the President Barack Obama Foundation.
- Wally Adeyemo represented President Barack Obama at some G7 summit and the G20 international forums as well.
- US 2020 President-elect, Joe Biden, picked Adewale Adeyemo to serve as the deputy treasury secretary He will be the first black deputy at the treasury.
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