Wally Adeyemo

Former Deputy Secretary

United States Treasury

Wally Adeyemo served as the 15th Deputy Secretary of the U.S. Department of the Treasury and chief operating officer of the 100,000 employee Department during the Biden Administration. Adeyemo led Treasury’s national security and economic inequality work, and implemented some of the Department’s top policy priorities. Adeyemo oversaw the Treasury Department’s use of economic tools in service of protecting U.S. national security, including financial sanctions and the work of the Committee on Foreign Investment in the United States. He led the Treasury Department’s comprehensive review on the effectiveness of sanctions as a national security tool. Adeyemo was the primary driver of the Administration’s approach to considering the national security implications of foreign direct investment.  He also managed Treasury’s implementation of the Inflation Reduction Act, which was the most significant investment in the economy, energy security, and climate change in a generation, as well as the most significant effort in decades to modernize the Internal Revenue Service. Prior to his appointment as Deputy Treasury Secretary, Adeyemo served as President of the Barack Obama Foundation in Chicago, IL. During the Obama Administration, he served as Deputy National Security Advisor for International Economics and Deputy Director of the National Economic Council at the White House. Adeyemo is a member of the Council on Foreign Relations and the Aspen Economic Strategy Group. He was previously a board member of Demos, a New York-based think tank focused on social, political and economic equity issues, and a senior advisor at the Center for Strategic and International Studies and at Blackrock.