New Treasury Assistant Secretary for Financial Markets Sworn In

WASHINGTON-Timothy S. Bitsberger was sworn in Dec. 6 as Treasury’s Assistant Secretary for Financial Markets. Bitsberger has served as acting assistant secretary for financial markets since July 16, 2004. He was appointed to serve as deputy assistant secretary for federal finance in October of 2001. In his new post, Bitsberger will be in charge of the Office of Financial Markets to formulate policy on federal debt management and financial markets oversight. He will advise the Under Secretary for Domestic Finance on policy and legislation on federal finance market issues and examine the impact of such policies on industries and the markets. Prior to joining Treasury, Bitsberger worked on Wall Street for more than 15 years and has extensive experience trading bonds and derivatives. He earned an MBA from Harvard University in 1985 after graduating from Yale University in 1981 with a B.A. in Economics. President Bush nominated Bitsberger to the post on May 11, 2004, and he was confirmed by the Senate on Nov. 21.