Frank N. Newman

Frank Neil Newman (born April 20, 1942) is an American banker who served as Under Secretary of the Treasury for Domestic Finance from 1993 to 1994 and as United States Deputy Secretary of the Treasury from 1994 to 1995.

Frank N. Newman
6th United States Deputy Secretary of the Treasury
In office
September 28, 1994 – March 5, 1995
PresidentBill Clinton
Preceded byRoger Altman
Succeeded byLawrence Summers
Under Secretary of the Treasury for Domestic Finance
In office
November 5, 1993 – September 28, 1994
PresidentBill Clinton
Preceded byJerome Powell
Succeeded byJohn D. Hawke Jr.
Personal details
Born
Frank Neil Newman

(1942-04-20) April 20, 1942
Quincy, Massachusetts, U.S.
Alma materHarvard University (A.B.)

Biography

Frank N. Newman was born in Quincy, Massachusetts, on April 20, 1942. He was educated first at Thayer Academy and then later at Harvard College, receiving a B.A. in Economics in 1963.

Newman joined Peat Marwick Mitchell & Company in 1966 as a manager. In 1969, he moved to Citicorp as a Vice President. He joined Wells Fargo in 1973, and worked there as a Vice President from 1973 to 1980, and then as an Executive Vice President and as Chief Financial Officer from 1980 to 1986. He then moved to BankAmerica Corporation where he was ultimately Vice Chairman and Chief Financial Officer until his departure in 1993.

In 1993, President of the United States Bill Clinton nominated Newman to be Under Secretary of the Treasury for Domestic Finance. The next year, he became United States Deputy Secretary of the Treasury, holding that office until 1995.[1]

Newman then returned to the private sector. He became Vice Chairman of Bankers Trust. He then served as President and Chief Executive Officer of Bankers Trust from 1996 to 1999.[2][3] In 2005, he became CEO of Shenzhen Development Bank,[4] he resigned in 2010.[5]

References
  1. "Newman, Tired of 'Relentess Pace,' Exits as Deputy Treasury Secretary". American Banker. 14 June 1995. Retrieved 14 January 2022.{{cite web}}: CS1 maint: url-status (link)
  2. "Bankers Trust Names Newman as Chairman, President Resigns". AP News. 19 January 1995. Retrieved 14 January 2022.{{cite web}}: CS1 maint: url-status (link)
  3. "Former Bankers Trust Chief Newman Leaves Deutsche Bank as Anticipated". The Wall Street Journal. 30 June 1999. Retrieved 14 January 2022.{{cite web}}: CS1 maint: url-status (link)
  4. "A New Man in China". Institutional Investor. 11 March 2007. Retrieved 14 January 2022.{{cite web}}: CS1 maint: url-status (link)
  5. "Shenzhen Development Bank CEO Frank Newman resigns". China Daily. Retrieved 14 January 2022.{{cite web}}: CS1 maint: url-status (link)


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