T. Rowe Price’s Miller Picked for U.S. Treasury Post
President Barack Obama plans to nominate Mary Miller, head of fixed income at T. Rowe Price Group Inc., as Treasury assistant secretary for financial markets, the White House announced in an e-mailed statement.
Miller has had a 25-year career at Baltimore-based T. Rowe Price, according to a profile posted on the company’s Web site. She is a member of the firm’s Management Committee and has directed its fixed-income division since 2004. T. Rowe Price managed $315.6 billion in assets as of June 30.
More than nine months into the administration, the nomination completes Obama’s picks for the top jobs in the Treasury’s domestic finance division, which oversees the government’s financial-rescue efforts. Miller’s appointment requires Senate confirmation.
Jeffrey Goldstein, a former executive of private-equity firm Hellman & Friedman LLC, is awaiting Senate confirmation to head the group as undersecretary. Michael Barr, a former University of Michigan Law School professor, is in place as assistant secretary for financial institutions. Herb Allison heads the $700 billion financial-rescue fund as an assistant secretary.
Karthik Ramanathan, the Treasury Department’s debt- management director, has served as acting assistant secretary for financial institutions.
Miller declined to comment when reached by telephone before the official announcement.