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Wednesday, 16 December 2015

Obama appoints 34yr old Nigerian, Adewale Adeyemo as his new deputy adviser for International Economic affairs



United States President, Barack Obama has appointed a Nigerian national Adewale Adeyemo, to succeed Caroline Atkinson as his deputy national security adviser for international
economic affair, The Wall Street Journal reports.

Adewale "Wally" Adeyemo,34, joined the White House's National Economic Council as deputy director this fall from the Treasury, where he served most recently as the deputy chief of staff to Secretary Jacob Lew.

Ms. Atkinson has served in her current post since June 2013, a position that includes coordinating U.S. participation in the annual summits of the
Group of 20 and Group of Seven countries. Ms. Atkinson also played key roles in the recently
concluded climate negotiations in Paris .

Mr. Adeyemo was the Treasury’s lead negotiator
on the currency agreement that was part of the Pacific trade deal. He also worked on Treasuries response to crises in Ukraine and Greece and in
2010 was one of the first officials charged with
standing up the Consumer Financial Protection Bureau.

In a statement, Mr. Obama thanked Ms. Atkinson
for her service and said he was grateful that Mr. Adeyemo would carry on her work. Mr. Adeyemo had been nominated by Mr. Obama to serve as assistant Treasury secretary for
international markets and development, but a White House official said Mr. Adeyemo had asked the president to withdraw the nomination given his new role.

The statement from Obama reads:

"For the past four years, I have relied on Caroline Atkinson, most recently as my Deputy National Security Advisor for International Economics, as
we’ve navigated pressing challenges to the global
economy.

"As my representative at the G-7 and G-20, she played a key role in coordinating our response to
international financial crises, worked with our allies to devise and implement targeted economic sanctions to advance our national security goals,
played a vital role in our economic engagements
with China, and helped to achieve breakthrough
agreements on climate that will strengthen our economy and our security.

"I’ve relied on, and benefited from, Caroline knowledge and judgment and, as she concludes
her tenure on my national security team, I am deeply appreciative of her service.

"I am grateful that Caroline’s work will be carried on by Adewale “Wally” Adeyemo, who has served in my administration since 2009. At the Treasury
Department, he was part of the team that helped coordinate our response to the global recession, laying the foundation for renewed growth at home
and abroad.

“He helped establish the Consumer Financial Protection Bureau, and he’s been our point
person on a range of international economic
issues, including negotiations on strong currency agreements around the Trans Pacific Partnership.

I will be calling on Wall yes 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."

On his part, Mr. Lew said that Mr. Adeyemo had "developed a network of international
relationships in economic offices around the world
to promote U.S. interests effectively."

Former Treasury Secretary Tim Geihner said Mr. Adeyemo, who joined the administration in 2009, was a “natural diplomat with a great feel for policy."

The position has served as a springboard to even
higher profile international finance posts. Michael
Froman, who is currently the U.S. trade representative, held the post under both Mr.
Obama and President Bill Clinton. Federal Reserve
governor Lael Brainard , who previously served as a senior Treasury official in the Obama
administration, held the post in the Clinton administration.

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