March 23, 2009 / 11:29 PM / 10 years ago

UPDATE 1-Obama names Wolin as deputy Treasury secretary

(Adds details, background)

WASHINGTON, March 23 (Reuters) - President Barack Obama moved to fill three of the four most senior Treasury Department positions on Monday, including announcing his intent to nominate former department counsel Neal Wolin as deputy Treasury secretary.

Obama also named Lael Brainard, a Brookings economist, as undersecretary of the Treasury for international affairs and said he had decided to keep Stuart Levey as undersecretary of the Treasury for terrorism and financial intelligence.

Wolin and Brainard must be confirmed by the Senate. Levey was confirmed in his post in 2004 and is being asked to remain so does not require reconfirmation.

Wolin served as general counsel at the Treasury from 1999 to 2001 and as deputy general counsel from 1995 to 1999. He briefly served in the Obama White House as deputy counsel to the president for economic policy and deputy assistant to the president before being asked to rejoin Treasury.

Brainard is vice president and founding director of the Global Economy and Development Program at the Brookings Institution think tank in Washington.

She served as deputy national economic adviser and deputy assistant to the president for international economics during the Clinton administration, dealing with such issues as the Asian financial crisis and China’s role in the global economy.

Levey, as undersecretary of the Treasury for terrorism and financial intelligence, will lead the office that works to disrupt financial networks that fund international terrorists, proliferators of weapons of mass destruction and drug traffickers.

Reporting by David Alexander; Editing by Eric Walsh

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