Former U.S. Treasury Secretary will play active daily role in managing Warburg Pincus

Kiyoshi Ota / Bloomberg / Getty Images

The former U.S. treasury secretary who is most closely aligned with the financial bailout is heading to Wall Street to helm a private-equity firm.

Timothy Geithner will join New York-based Warburg Pincus in March as the president and managing director, a departure from the typical hands-off positions public figures’ transitions following government roles, the Wall Street Journal reports.

Geithner, who has been attributed with navigating the financial crisis of 2008 and 2009 but was criticized for being too easy on Wall Street banks, will focus on the firm’s investment strategy and investor relations.

The new gig will be Geithner’s first private sector job since his early days at Kissinger Associates Inc., a consulting firm owned by former Secretary of State Henry Kissinger.

[Wall Street Journal]