Matthew Pendo
Matthew Pendo | |
|---|---|
| Nationality | United States |
| Education | Princeton University |
| Occupation(s) | Investment Banker, Chief Investment Officer |
| Known for | CIO for the Office of Financial Stability, United States Treasury |
Mathew Pendo is an investment banker, having worked for Merrill Lynch and Barclays before taking a position and Chief Investment Officer of the Office of Financial Stability of the United States Treasury in 2011. After several years managing his responsibilities under the Troubled Asset Relief Program and coordinating divestiture of the portfolio, Pendo has returned to the private sector as an investment banker.
Career
Merrill Lynch
Matt spent 18 years at Merrill Lynch in investment banking in New York, Los Angeles, and Palo Alto working with companies in the financial services and technology industries.[1]
Barclays Capital
After Merrill Lynch, Matt spent seven years as a managing director in investment banking at Barclays Capital, including roles as co-head of U.S. investment banking and co-head of global industrials.[1]
United States Treasury
Pendo served as Chief Investment Officer of the Office of Financial Stability of the United States Treasury under Assistant Secretary of the Treasury for Financial Stability Herb Allison and Secretary of the Treasury Timothy Geithner from March 2011 to March 2013.[2]
As part of his duties, he oversaw the investments created under the Troubled Asset Relief Program (TARP), a $700 billion financial support program designed to strengthen the financial and manufacturing sectors of the economy. The TARP investment programs included bank support programs, credit market programs, automotive industry support programs, and AIG.[1] He successfully managed the substantial liquidation of the portfolio during 2012 and 2013.[3]
Ally Financial
In April 2013, Pendo was appointed to serve as a member of the Board of directors of Ally Financial.[4]
Sandler O'Neill
In September 2013, Pendo joined the investment bank Sandler O'Neill in their financial institutions group.
Published works
- Matthew C. Pendo (1999). The Effect of Scarcity on Group-joining Behavior. San Jose State University.
Personal life and education
Pendo graduated cum laude from Princeton University in 1985. He was co-captain of the Princeton Tigers tennis team.[5]
References
- ^ a b c "MediaRoom - Board of Directors| Ally Financial". Media.ally.com. 2013-07-11. Retrieved 2013-08-19.
- ^ "A top US bailout official to step down - The Boston Globe". Boston.com. 2011-03-22. Retrieved 2013-08-19.
- ^ "Troubled Asset Relief Program : Four Year Retrospective Report" (PDF). Treasury.gov. Retrieved 2013-08-19.
- ^ "Treasury Appoints Former Official Mathew Pendo to Ally Financial's Board - WSJ.com". Online.wsj.com. 2013-04-25. Retrieved 2013-08-19.
- ^ "Princeton Alumni Weekly". 1984.
{{cite journal}}: Cite journal requires|journal=(help)
Further reading
- Micahel J. De La Merced (7 March 2013). "Bailout Official at the Treasury to Leave Post". Dealbook New York Times. Retrieved 10 December 2013.
- Michael J. De La Merced (21 March 2011). "Treasury's TARP Investment Chief to Step Down". Dealbook New York Times. Retrieved 10 December 2013.
- Futures & Otc World. Metal Bulletin Journals Limited. January 2006. p. 27.
- Andrew R. Johnson (25 April 2013). "Treasury Appoints Former Official Mathew Pendo to Ally Financial's Board". Wall Street Journal (online). Retrieved 10 December 2013.