Karthik Ramanathan is an American financier and former government official who served as Acting Assistant Secretary of the Treasury for Financial Markets from 2008 to 2010 and Director of the Office of Debt Management at the United States Department of the Treasury.

Biography

Ramanathan graduated from Columbia University in 1994. After graduation, he worked for

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

, where he traded derivatives in Goldman's

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

and London offices until 2005. He joined the United States Department of the Treasury in 2005 as a financial economist and became Director of the Office of Debt Management in October 2006. As director, he was responsible for the issuance of more than $8 trillion in

U.S. debt The national debt of the United States is the total government debt, national debt owed by the federal government of the United States, federal government of the United States to United States Treasury security, Treasury security holders. The ...

and oversaw a $4 trillion national debt increase. He also led a major revamp of the Treasury's outdated risk management systems used to issue the national debt. On September 25, 2008, Ramanathan was designated Acting Assistant Secretary of the Treasury for Financial Markets by President George W. Bush. He served in that position for 17 months under the Bush and

Obama administration Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. A Democrat from Illinois, Obama took office following a decisive victory over Republican ...

s before leaving the job in March 2010. In April 2010, Ramanathan was hired by Fidelity Investments to become senior vice president and director of Bonds at the mutual fund company. As of 2021, Ramanathan is associated with State Street Corporation.

Awards and honors

Ramanathan is a 2010 finalist of the

Samuel J. Heyman Service to America Medals Samuel ''Šəmūʾēl'', Tiberian: ''Šămūʾēl''; ar, شموئيل or صموئيل '; el, Σαμουήλ ''Samouḗl''; la, Samūēl is a figure who, in the narratives of the Hebrew Bible, plays a key role in the transition from the bib ...

, for having "orchestrated the sale of Treasury bills that raised $1.7 trillion in the midst of a severe global economic crisis, helping stabilize the U.S. financial system and fund the country's massive budget deficit and national debt," according to the citation.

References

{{DEFAULTSORT:Ramanathan, Karthik Living people Columbia College (New York) alumni Goldman Sachs people United States Assistant Secretaries of the Treasury American bankers George W. Bush administration personnel Obama administration personnel Year of birth missing (living people)