Olin Wethington 001
Olin Wethington is Founder of Wethington International LLC, an investment and business advisory firm, established in 2009, focused on advising companies and institutions on capital investment, financial structure and business strategy, particularly in emerging markets.
Wethington International LLC
frequently operates through collaborative affiliations with other advisory groups and capital sources and provides market-specific solutions and services.
From March 2006-January 2009, Wethington was Chairman, AIG Companies in China, with responsibilities for operation and expansion of American International Group's business in China, including the broadening of AIG's financial services platform in China to reflect AIG's global capabilities.
three year tenure, AIG's
financial services operations in China doubled in total revenue; these business lines included life insurance, general insurance, consumer finance, private equity, real estate and fund management and involved two dozen business entities, over 4,000 employees, and approximately 30,000 agents.
time in government, he
played an important role on a number of the significant international financial issues of the past several decades.
These included financial market development in China, structural reform in Japan, the entry of Russia into the international financial system after the collapse of the Soviet Union, G-7 macro- economic policy coordination, the role of the IMF and World Bank
, economic reform in Latin America and negotiation of the financial and investment chapters of the NAFTA. ????
From May-September 2005, Wethington served as Special Envoy on China, engaging in intensive discussions with senior Chinese financial and foreign policy officials on exchange rate flexibility and financial market reform, and related consultations with other governments.
In late July 2005 China abandoned its decade- old fixed exchange rate mechanism and announced moves toward greater market responsiveness with respect to the value of its currency.
From August 2004-September 2005, Wethington served as Counselor to the Secretary of the Treasury.
advised on Iraq's economic reform program with the IMF
and played a central role in the international effort to reduce Iraq's $125 billion external debt.
led the on-ground negotiations for the United States within the Paris Club
that produced the landmark international agreement to eliminate 80% of Iraq's external debt-the largest debt write-down ever up to that time by sovereign creditors.
From November 2003-June 2004, Wethington
served as the senior U.S. Treasury official at the Coalition Provisional Authority, Baghdad, Iraq, where he
led the multilateral team of bankers, economists and government regulators focused on capacity-building at Iraq's Central Bank and Finance Ministry
During previous Administrations, Wethington served as Assistant Secretary for International Affairs, U.S. Department of the Treasury, Special Assistant to the President and Executive Secretary of the Economic Policy Council, White House (under President George H.W. Bush), and Deputy Under Secretary for International Trade, U.S. Department of Commerce.
White House service, he
coordinated the deliberations of the Cabinet-level Economic Policy Council
, chaired by the President.
Wethington was partner at one of Washington, D.C.'s leading international law firms, Steptoe & Johnson, during 1985-89 and 1993-2003.
Wethington is a graduate of Harvard Law School and the University of Pennsylvania.
He is a member of the Council on Foreign Relations, the Board of Trustees of the George C. Marshall Foundation, the Board of Directors of the International Republican Institute and the Board of Directors of the Council on Global Financial Regulation.
has participated in election observation missions to Cambodia, Egypt and Ukraine.
is a recipient of the Alexander Hamilton Award, the highest honor of the U.S. Department of the Treasury
CategoriesEconomic Policy, Economics & Finance, International Affairs & Politics, International Relations, Policy Makers, Public Policy
Olin Wethington: A View of Ukraine's Elections From Donetsk
Originally by Olin Wethington, Source: Nov 3, 2014, Foreign Policy
Olin Wethington: China's Economy