Timothy S. Bitsberger
Encyclopedia
Timothy S. Bitsberger is a United States
banker who was Assistant Secretary of the Treasury for Financial Markets
from 2004 to 2005.
, receiving a B.A. in Economics
in 1981, and at Harvard Business School
, receiving an M.B.A. in 1985.
Bitsberger worked as a trader at Drexel Burnham Lambert
from 1985 to 1989. From 1989 to 1998, he was Senior Trading manager and Vice President of NationsBank
. He spent 1999 working as a consultant for J.F. Lehman & Company before becoming Vice President of Salomon Smith Barney later in 1999.
In October 2001, United States Secretary of the Treasury
Paul O'Neill selected Bitsberger to an Advisor of Assistant Secretary of the Treasury for Financial Markets
Richard S. Carnell
. Birsberger took over as Assistant Secretary of the Treasury for Financial Markets in 2004, holding that office until 2005.
Upon leaving government service, Bitsberger became Senior Vice President and Treasurer of Freddie Mac, holding that position until 2008. He joined bancAccess Financial in 2009.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
banker who was Assistant Secretary of the Treasury for Financial Markets
Assistant Secretary of the Treasury for Financial Markets
The Assistant Secretary of the Treasury for Financial Markets is an official in the United States Department of the Treasury who heads the Office of Financial Markets....
from 2004 to 2005.
Biography
Timothy S. Bitsberger was educated at Yale UniversityYale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
, receiving a B.A. in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
in 1981, and at Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
, receiving an M.B.A. in 1985.
Bitsberger worked as a trader at Drexel Burnham Lambert
Drexel Burnham Lambert
Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...
from 1985 to 1989. From 1989 to 1998, he was Senior Trading manager and Vice President of NationsBank
NationsBank
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
. He spent 1999 working as a consultant for J.F. Lehman & Company before becoming Vice President of Salomon Smith Barney later in 1999.
In October 2001, United States Secretary of the Treasury
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...
Paul O'Neill selected Bitsberger to an Advisor of Assistant Secretary of the Treasury for Financial Markets
Assistant Secretary of the Treasury for Financial Markets
The Assistant Secretary of the Treasury for Financial Markets is an official in the United States Department of the Treasury who heads the Office of Financial Markets....
Richard S. Carnell
Richard S. Carnell
Richard Scott Carnell is a United States lawyer who was Assistant Secretary of the Treasury for Financial Institutions from 1993 to 1999.-Biography:...
. Birsberger took over as Assistant Secretary of the Treasury for Financial Markets in 2004, holding that office until 2005.
Upon leaving government service, Bitsberger became Senior Vice President and Treasurer of Freddie Mac, holding that position until 2008. He joined bancAccess Financial in 2009.