May 20, 2009
An Investment Banker for Germany
Several sources report that U.S. President Barack Obama will anounce Phillip D. Murphy, a former investment banker with Goldman Sachs, as the new U.S. Ambassador to Germany.
Murphy, 52, has been in charge of the Democratic Party’s finances, after he left Goldman Sachs in 2006. As an investment banker, Murphy has headed the German branch of Goldman Sachs in the 90s, and was involved in several deals with the Treuhand-Anstalt. He will replace William R. Timken, who has left Berlin in January.
Atlantic Review points out that the new man in the American embassy is a board member of the U.S. Soccer Foundation, which sounds like he might enjoy a smooth start in Berlin.
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3 Comments, Comment or Ping
Dirk
While it appears as if Mr. Murphy is not totally unqualified for the job, I think it’s regrettable that Obama apparently chose to continue the decayed tradition of appointing key fundraisers to diplomatic posts.
May 21st, 2009
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