Former bailout plan official returns to private sector

Thu Jul 21, 2011 11:38am EDT

* David Miller left Treasury Department in March

* Will lead Minnesota-based real estate investment trust

WASHINGTON, July 21 (Reuters) - David Miller, the former chief investment officer of the U.S. Treasury Department's bailout plan, is back in the private sector after joining a real estate investment firm.

Two Harbors Investment Corp (TWO.N) said on Thursday that Miller would lead the Minnesota-based real estate investment trust, which invests in residential mortgage-backed securities, residential mortgage loans and other financial assets, as managing director.

"His expertise will be invaluable as we continue to capitalize on growth opportunities in the mortgage real estate investment trust sector," President Thomas Siering said.

A former Goldman Sachs (GS.N) executive, Miller joined the Treasury Department in 2008 and managed the investment portfolio for the $700 billion Troubled Asset Relief Program. The program was designed to save financial institutions in the aftermath of the 2007 economic downturn after the American real estate sector imploded.

Miller stepped down from his government post in March. (Reporting by Malathi Nayak; Editing by Lisa Von Ahn)

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