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Office of the Press Secretary

For Immediate Release October 12, 1994


The President today announced his nomination of G. Edward DeSeve as Controller of the Office of Management and Budget (OMB).

"Ed DeSeve is a financial innovator with financial management expertise in both the public and private sectors," the President said. "He is a welcome addition to OMB, and will help the Administration meet its goal of strengthening financial management throughout the Federal government."

Mr. DeSeve has served as Chief Financial Officer at the Department of Housing and Urban Development (HUD) since he was appointed by the President in 1993. Prior to joining the Administration, he was Director of Drexel Partnership Interests-B Corporation, and a senior lecturer at the Fels Center of Government at the University of Pennsylvania.

Previously, he worked as Special Assistant to the Governor of Pennsylvania, and Director of Finance for the City of Philadelphia. A graduate of Cornell University, Mr. DeSeve received a masters degree in Government Administration from the Wharton School at the University of Pennsylvania.

As Controller of OMB, he will be the chief financial officer with responsibility for examining management and budget issues, and overseeing the office of Federal Financial Management as well as the 60 statutory Inspectors General. The position was created by the Chief Financial Officers Act of 1990.