THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release June 15, 1993

GARTEN NAMED TO INTERNATIONAL TRADE POST AT COMMERCE

(Washington, DC) President Clinton announced today that he intends to nominate Jeff Garten to be Under Secretary of Commerce for International Trade.

"As we seek to expand free and fair trade with all of our partners around the world, I am very pleased to be naming Jeff Garten to this important post," said the President. "His combination of hands-on business experience, sterling academic credentials, and previous government service in three administrations amply equips him to tackle the challenges that lie ahead."

Garten, currently a professor of finance and economics at Columbia University's Graduate School of Business Administration, spent twelve years as an investment banker at Lehman Brothers, Shearson Lehman Brothers, and The Blackstone Group. During this time he worked in Latin America, Asia, and Western Europe, and was heavily involved in helping developing nations renegotiate their debts with international banks.

Between 1972 and 1978, Garten held a series of positions in the Nixon, Ford, and Carter Administrations. He was a staff member of the White House Council on International Economic Policy, and the White House Economic Policy Group, and was Deputy Director of the State Department Policy Planning Staff under current NSC Director Anthony Lake. In addition, he is the author of A Cold Peace: America, Japan, Germany, and the Struggle for Supremacy, a book about the future of America's international economic strategy, and of numerous newspaper and magazine articles on international economic and trade issues.

Garten holds a B.A. from Dartmouth College and an M.A. and Ph.D. from the School of Advanced International Studies at Johns Hopkins University. He served in the U.S. Army from 1968-71.

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