Obama Picks Top Treasury Finance Posts

The president will nominate Washington's deputy mayor to oversee Treasury's finances and a real estate investment professional as the department's treasurer.

President Obama has chosen Daniel Tangherlini, deputy mayor of Washington, D.C. and former CFO of the District’s police department, to oversee the finances of the U.S. Treasury Department.

If approved by the Senate, Tangherlini will be in charge of the department’s budget and oversee various programs within the agency, including human resources, IT management, financial management and accounting, human capital, and strategic planning. 

Obama recently announced he plans to nominate Tangherlini as the Treasury’s assistant secretary for management, CFO, and chief performance officer, and Rosa Gumataotao Rios, managing director of investments for real-estate investment firm MacFarlane Partners, as treasurer. Obama has been widely criticized for not quickly filling the vacancies in the Treasury department since he took office.

Tangherlini’s career has gone back and forth between federal government work and public service for Washington, D.C. Most recently, he has been managing operations and budget development as the city administrator and deputy mayor under Washington, D.C., mayor Adrian Fenty. He previously was director of the District’s Department of Transportation, CFO of the Metropolitan Police Department, and interim general manager at the Washington Metropolitan Area Transit Authority, where, according to a Treasury press release, he ”worked to make the agency more responsive to its riders and workers and more willing to consider new ideas that improved service, reduced costs, and enhanced quality.” 

Earlier in his career, Tangherlini spent six years working in the Office of Management and Budget in the president’s executive office, as well as in the policy office of the U.S. Secretary of Transportation.

Concerning Rios, get used to a new name on your dollar bills. If her nomination is approved, she will add her signature to the U.S. currency. She has helped Obama on the campaign trail and has been a member of the Treasury/Federal Reserve Transition Team after taking a leave of absence from MacFarlane. The real estate firm services institutional investors, has more than $11 billion in assets under management, and specializes in urban areas. The firm went through a restructuring nearly a year ago, laying off about one-fifth of its employees.

Rios’s career has centered around real estate and community development. Before joining MacFarlane, Rios worked at consultancy Red River Associates, which provided project management and executive management services to municipalities, and she has served as director of redevelopment and economic development for Oakland, Calif.

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