{{Short description|American attorney (born 1981)}} {{Use mdy dates|date=November 2020}} {{Use American English|date=May 2023}} {{Infobox officeholder | image = Wally-Adeyemo-Treasury.jpg | caption = Official portrait, 2021 | office = 15th [[United States Deputy Secretary of the Treasury]] | president = [[Joe Biden]] | term_start = March 26, 2021 | term_end = January 20, 2025 | predecessor = [[Justin Muzinich]] | successor = [[Michael Faulkender]] | office1 = President of the [[Obama Foundation]] | term_start1 = August 1, 2019 | term_end1 = March 25, 2021 | predecessor1 = Position established | successor1 = [[Valerie Jarrett]] | office2 = [[Deputy National Security Advisor (United States)|United States Deputy National Security Advisor for International Economics]] | president2 = [[Barack Obama]] | term_start2 = 2015 | term_end2 = 2016 | predecessor2 = [[Caroline Atkinson]] | successor2 = [[Daleep Singh]] (2021) | birth_name = Adewale Adeyemo | birth_date = {{birth date and age|1981|5|20}} | birth_place = [[Ibadan]], Nigeria | death_date = | death_place = | party = [[Democratic Party (United States)|Democratic]] | education = {{ubl |[[University of California, Berkeley]] ([[Bachelor of Arts|BA]]) |[[Yale University]] ([[Juris Doctor|JD]])}} }} '''Adewale O.''' "'''Wally'''" '''Adeyemo''' {{Audio|LL-Q34311 (yor)-Tunmise123-Adewale Adeyemo.wav|Listen|help=no}}(born May 20, 1981) is an American attorney and political advisor. He served as the [[United States Deputy Secretary of the Treasury]] during the [[Presidency of Joe Biden]].<ref>{{Cite web|title=Obama Foundation Announces Wally Adeyemo as President|url=https://www.obama.org/updates/obama-foundation-announces-president/|access-date=2020-12-02|website=Obama Foundation|language=en}}</ref> He was the first president of the [[Obama Foundation]] and served during the [[Presidency of Barack Obama|Obama administration]] as the [[Deputy National Security Advisor (United States)|deputy national security advisor]] for [[international economics]] from 2015 to 2016 and deputy director of the [[National Economic Council (United States)|National Economic Council]].<ref name=":0">{{Cite news |date=August 11, 2019 |title=Adewale Adeyemo: President of Obama Foundation |url=https://leadership.ng/adewale-adeyemo-president-of-obama-foundation/ |access-date=November 29, 2020 |archive-date=July 7, 2021 |archive-url=https://web.archive.org/web/20210707031558/https://leadership.ng/adewale-adeyemo-president-of-obama-foundation/ |url-status=dead |newspaper=[[Leadership (newspaper)|Leadership]]}}</ref><ref name=":1">{{cite book |url=https://archive.org/download/gov.gpo.fdsys.CHRG-114shrg98386/CHRG-114shrg98386.pdf |title=Hearing before the Committee on Banking, Housing, and Urban Affairs |publisher=U.S. Senate |page=19 |access-date=January 23, 2021}}</ref>
== Early life and education == Adeyemo was born to [[Yoruba people|Yoruba]] parents in [[Ibadan]], Nigeria, and raised in [[Southern California]].<ref name=":1"/><ref>{{cite web |url=https://news.berkeley.edu/2021/04/15/commencement-speaker-wally-adeyemo-followed-a-remarkable-road-to-leadership/ |title=Commencement speaker Wally Adeyemo followed a remarkable road to leadership |date=April 15, 2021}}</ref><ref>{{Cite web|author=<!--Staff writer(s); no by-line.-->|date=December 16, 2015|title=Obama Appoints 34 Years Old Adewale Adeyemo As Deputy National Security Advisor|url=https://nairametrics.com/2015/12/16/obama-appoints-34-years-old-adewale-adeyemo-as-deputy-national-security-advisor/|access-date=June 6, 2020|website=Nairametrics|language=en-GB}}</ref> His father was a teacher and his mother was a nurse. He has two younger siblings.<ref>{{Cite news|url=https://www.nytimes.com/2020/12/01/us/politics/treasury-Adewale-Adeyemo.html|title=Biden Pick for Treasury's No. 2, a Moderate Voice, Breaks Racial Barrier|first=Alan|last=Rappeport|newspaper=The New York Times|date=December 1, 2020|access-date=December 23, 2020}}</ref> After graduating from [[Eisenhower High School (Rialto, California)|Eisenhower High School]] in [[Rialto, California]], in 1999,<ref>{{cite web |title=Notable Eagles |url=https://kec.rialto.k12.ca.us/domain/1169 |website=Eisenhower High School |access-date=1 December 2020}}</ref> he received a [[Bachelor of Arts]] degree from the [[University of California, Berkeley]], in 2004 and a [[Juris Doctor]] degree from [[Yale Law School]] in 2009.<ref name=":1"/><ref>{{Cite web|last=Rachlin|first=Jill|title=Wally Adeyemo|url=https://www.lawandsecurity.org/mission/team/wally-adeyemo/|access-date=June 6, 2020|website=Reiss Center on Law and Security|language=en-US}}</ref>
== Early career == Adeyemo served as the director of African American outreach for the [[John Kerry 2004 presidential campaign]] in California and was based in the [[San Francisco]] office.<ref>{{Cite web|title=John Kerry-California Campaign Organization|url=http://p2004.org/kerry/kerrorgca.html|access-date=June 6, 2020|website=p2004.org}}</ref>
Prior to joining the [[Presidency of Barack Obama|Obama administration]], Adeyemo worked as an editor at the [[Hamilton Project]]. Adeyemo then served as senior advisor and deputy chief of staff to [[Jack Lew]] in the [[United States Department of the Treasury]].<ref>{{Cite web |last=Ayemoba |first=Andrea |date=2015-12-17 |title=Obama appoints 34-yr-old Nigerian, Adewale Adeyemo as deputy NSA |url=https://africabusinesscommunities.com/news/obama-appoints-34-yr-old-nigerian-adewale-adeyemo-as-deputy-nsa.html |access-date=2020-06-06 |website=Africa Business Communities |language=en}}</ref> Adeyemo later worked as a [[Negotiation|negotiator]] on the [[Trans-Pacific Partnership]]. He also served as the first chief of staff of the [[Consumer Financial Protection Bureau]] under [[Elizabeth Warren]].
==Later career== === Obama administration (2014–2016)=== In November 2014, Adeyemo was nominated to be [[Assistant Secretary of the Treasury for International Markets]]<ref>{{cite web |url=https://www.congress.gov/nomination/113th-congress/2119 |title=PN2119 — Adewale Adeyemo — Department of the Treasury |website=U.S. Congress |date=December 17, 2014 |access-date=January 23, 2021}}</ref> at the same time that the incumbent assistant Secretary, [[Marisa Lago]], was nominated to be a [[Office of the United States Trade Representative|Deputy United States Trade representative]].<ref>{{cite web |url=https://www.congress.gov/nomination/113th-congress/2121 |title=PN2121 — Marisa Lago — Executive Office of the President |website=U.S. Congress |date=December 17, 2014 |access-date=January 26, 2021}}</ref> He appeared before the [[United States Senate Committee on Banking, Housing, and Urban Affairs|Senate Committee on Banking, Housing, and Urban Affairs]] in September 2015,<ref>{{cite web |url=https://www.treasury.gov/press-center/press-releases/Pages/jl0189.aspx |title=Statement By Adewale O. Adeyemo, Nominee For Assistant Secretary For International Markets And Development, Before The Senate Committee On Banking, Housing, And Urban Affairs |website= [[U.S. Department of the Treasury]] |access-date=January 23, 2021}}</ref> but the committee did not advance his nomination to the full Senate. The nomination was withdrawn by President Obama in December 2015.<ref>{{cite web |url=https://www.congress.gov/nomination/114th-congress/86 |title=PN86 — Adewale Adeyemo — Department of the Treasury |website=U.S. Congress |date=December 18, 2015 |access-date=January 23, 2021}}</ref>
Adeyemo was instead selected to concurrently serve as [[Deputy National Security Advisor (United States)|Deputy National Security Advisor]] for International Economics and deputy director of the [[National Economic Council (United States)|National Economic Council]] in 2015, serving until 2016. During his tenure, he was the president's representative to the [[Group of Seven|G7]] and [[G20]] and held several senior management positions at the Department of the Treasury, including senior adviser and deputy chief of staff, and chief negotiator for the [[Trans-Pacific Partnership]]’s provisions on macroeconomic policy.<ref name=":0" />
=== Out of government === Adeyemo worked at [[BlackRock]] for two years from 2017, serving as a senior advisor, having previously been interim chief of staff for the firm's CEO, [[Laurence D. Fink]].<ref>{{cite news |url=https://www.washingtonpost.com/business/2021/01/02/blackrock-biden/ |title=Two Biden aides will recuse on BlackRock issues as past ties pose questions |date=2021-01-02 |author1=Yeganeh Torbati |newspaper=[[The Washington Post]] |place=Washington, D.C. |issn=0190-8286 |oclc=1330888409}}</ref><ref>{{Cite web|url=https://www.abana.co/event/speakers/wally-adeyemo/|title=ABANA | Event Speakers | Wally Adeyemo}}</ref>
On August 1, 2019, Adeyemo was selected as the first president of the [[Obama Foundation]].<ref>{{Cite web|title=Obama Foundation Announces Wally Adeyemo as President|url=https://www.obama.org/updates/obama-foundation-announces-president/|access-date=June 6, 2020|website= [[Obama Foundation]] |language=en}}</ref>
In January 13, 2025, Bloomberg reported that Adeyemo was joining [[Columbia University]] as a fellow at the [[School of International and Public Affairs]] and the [[Center on Global Energy Policy]].<ref>{{Cite news |date=2025-01-13 |title=Treasury’s Adeyemo Heads to Columbia With Energy-Sanctions Focus |url=https://www.bloomberg.com/news/articles/2025-01-13/treasury-s-adeyemo-heads-to-columbia-with-energy-sanctions-focus |access-date=2025-01-14 |work=Bloomberg.com |language=en}}</ref>
=== Biden administration ===
==== Nomination to Treasury ==== In November 2020, it was announced that Adeyemo would be nominated to serve as [[United States Deputy Secretary of the Treasury]] in the [[Biden administration]].<ref>{{Cite web|title=Biden unveils diverse economic team as challenges to economy grow|url=https://www.politico.com/news/2020/11/29/biden-economic-transition-team-441227|access-date=November 30, 2020|website=[[POLITICO]]|date=November 29, 2020 |language=en}}</ref><ref>{{Cite news|last=Davidson|first=Ken Thomas and Kate|date=November 29, 2020|title=WSJ News Exclusive {{!}} Biden to Name Rouse, Tanden to Economic Team|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/biden-to-name-rouse-tanden-to-economic-team-11606684256|access-date=November 30, 2020|issn=0099-9660}}</ref> On January 20, 2021, his nomination was submitted to the [[United States Senate|Senate]] for confirmation.<ref name="DepNom">{{Cite web |title=PN79-1 — Adewale O. Adeyemo — Department of the Treasury |url=https://www.congress.gov/nomination/117th-congress/79/1 |access-date=February 22, 2021 |website=U.S. Congress}}</ref> A hearing before the [[United States Senate Committee on Finance|Senate Committee on Finance]] was held on February 23, 2021; his nomination was reported out of committee by [[voice vote]] on March 3.<ref>{{cite web |url=https://www.finance.senate.gov/hearings/hearing-to-consider-the-nomination-of-adewale-o-adeyemo-of-california-to-be-deputy-secretary-of-the-treasury |title=Hearing to Consider the Nomination of Adewale O. Adeyemo, of California, to be Deputy Secretary of the Treasury |website=U.S. Senate |access-date=February 22, 2021}}</ref><ref>{{cite web |date=March 3, 2021 |title=Trade, Treasury nominees advanced by Senate Finance |url=https://www.rollcall.com/2021/03/03/trade-treasury-nominees-advanced-by-senate-finance/ |accessdate=March 5, 2021 |publisher=Roll Call}}</ref> On March 25, 2021, he was confirmed by the Senate, also by voice vote.<ref name="DepNom" />
==== Tenure ==== On March 26, 2021, he was sworn into office by Secretary [[Janet Yellen]].<ref>{{Cite web |date=March 26, 2021 |title=Swearing In of Deputy Secretary Wally Adeyemo |url=https://home.treasury.gov/news/featured-stories/swearing-in-of-deputy-secretary-wally-adeyemo |access-date=March 27, 2021 |website=home.treasury.gov}}</ref> Deputy Secretary Adeyemo has been heavily involved in [[List of people and organizations sanctioned during the Russo-Ukrainian War|sanctions enforcement in 2022]], visiting<ref name="READOUT">{{cite web | title=READOUT: Deputy Secretary of the Treasury Wally Adeyemo's Visit to Turkey | website=[[U.S. Department of the Treasury]] | date=2022-06-25 | url=https://home.treasury.gov/news/press-releases/jy0834 | access-date=2022-10-11}}</ref> and speaking with<ref name="READOUT-meeting">{{cite web | title=READOUT: Deputy Secretary of the Treasury Wally Adeyemo's Meeting with Deputy Finance Minister of Türkiye Yunus Elitas | website=[[U.S. Department of the Treasury]] | date=2022-08-20 | url=https://home.treasury.gov/news/press-releases/jy0926 | access-date=2022-10-11}}</ref> foreign regulators to encourage their cooperation.
On June 2, 2024, Adeyemo wrote an article for the ''[[Financial Times]]'' headlined "We need to put sand in the gears of the Russian war machine", in the context of the [[2022 Russian invasion of Ukraine]].<ref name="ft1">{{cite news |url=https://www.ft.com/content/10b45e02-7580-449c-8b70-a5cf2b7d808d |title=We need to put sand in the gears of the Russian war machine }}</ref>
== References == {{reflist}}
==External links== {{commons category}} * {{C-SPAN|104488}}
{{s-start}} {{S-npo}} |- {{s-non|reason= New office}} {{s-ttl|title={{nowrap|President of the [[Obama Foundation]]}}|years=2019–2021}} {{s-aft|after=[[Valerie Jarrett]]<br />Acting}} |- {{s-off}} {{s-bef|before=[[Justin Muzinich]]}} {{s-ttl|title=[[United States Deputy Secretary of the Treasury]]|years=2021–2025}} {{s-aft|after=[[Michael Faulkender]]}} {{s-end}}
{{Obama Executive Office|state=collapsed}} {{Authority control}}
{{DEFAULTSORT:Adeyemo, Wally}} [[Category:United States deputy secretaries of the treasury]] [[Category:United States deputy national security advisors]] [[Category:American politicians of Nigerian descent]] [[Category:Biden administration personnel]] [[Category:BlackRock people]] [[Category:Obama administration personnel]] [[Category:Yale Law School alumni]] [[Category:University of California, Berkeley alumni]] [[Category:Nigerian emigrants to the United States]] [[Category:American people of Yoruba descent]] [[Category:Lawyers from Los Angeles County, California]] [[Category:1981 births]] [[Category:Living people]] [[Category:Eisenhower High School (Rialto, California) alumni]]