Karthik Ramanathan is an American financier and former government official who served as Acting

Assistant Secretary of the Treasury for Financial Markets The Assistant Secretary of the Treasury for Financial Markets is an official in the United States Department of the Treasury who heads the Office of Financial Markets. The office is currently held by Joshua Frost. According to U.S. statute, ther ...

from 2008 to 2010 and Director of the Office of Debt Management at the

United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ...

Biography

Ramanathan graduated from

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

in 1994. After graduation, he worked for Goldman Sachs, where he traded derivatives in Goldman's New York and

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

offices until 2005. He joined the

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 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 He also led a major revamp of the Treasury's outdated risk management systems used to issue the national debt.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

by President

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

. He served in that position for 17 months under the Bush and Obama administrations before leaving the job in March 2010. In April 2010, Ramanathan was hired by

Fidelity Investments Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is o ...

to become senior vice president and director of Bonds at the mutual fund company. As of 2021, Ramanathan is associated with

State Street Corporation State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Un ...

Awards and honors

Ramanathan is a 2010 finalist of the Samuel J. Heyman Service to America Medals, 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)