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United States President Barack Obama penultimate week nominated Adewale "Wally" Adeyemo, who served in top roles at the Treasury Department, to succeed Caroline Atkinson as his deputy national security adviser for international economic affairs.
Speaking on why he selected Adeyemo for the position in a White House statement, Obama said: "I am grateful that Caroline's work will be carried on by Adewale "Wally" Adeyemo, who has served in my administration since 2009. At the Treasury Department, he was part of the team that helped coordinate our response to the global recession, laying the foundation for renewed growth at home and abroad.
Mr. Adeyemo also worked on Treasury's response to crises in Ukraine and Greece and in 2010 was one of the first officials charged with standing up the Consumer Financial Protection Bureau.
Obama thanked Ms. Atkinson for her service and said he was grateful that Mr. Adeyemo would carry on her work. The Wall Street Journal said Mr. Adeyemo had been nominated by Mr. Obama to serve as assistant Treasury secretary for international markets and development, but a White House official said Mr. Adeyemo had asked the president to withdraw the nomination given his new role.