Gary Gensler
| Gary Gensler | |
|---|---|
 |
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| Chairperson of the Commodity Futures Trading Commission | |
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In office May 26, 2009 – January 3, 2014 |
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| President | Barack Obama |
| Preceded by | Walter Lukken (Acting) |
| Succeeded by | Mark Wetjen (Acting) |
| Under Secretary of the Treasury for Domestic Finance | |
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In office April 1999 – January 20, 2001 |
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| President | Bill Clinton |
| Preceded by | John Hawke |
| Succeeded by | Peter Fisher |
| Assistant Secretary of the Treasury for Financial Markets | |
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In office September 1997 – April 1999 |
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| President | Bill Clinton |
| Preceded by | Darcy Bradbury |
| Succeeded by | Lee Sachs |
| Personal details | |
| Born |
October 18, 1957 Baltimore, Maryland, U.S. |
| Political party | Democratic |
| Spouse(s) | Francesca Danieli (1986–2006) |
| Children | Anna Lee Isabel |
| Alma mater | University of Pennsylvania |
| Religion | Judaism |
Gary Gensler (born October 18, 1957) served as the 11th chairman of the Commodity Futures Trading Commission under President Barack Obama from May 26, 2009 to January 3, 2014. Gensler was Undersecretary of the United States Treasury for domestic finance, (1999-2001) and Assistant Secretary of the Treasury (1997-1999). Prior to his public service career, Gensler worked at Goldman Sachs, where his last position was that of Co-head of Finance. He was the chief financial officer for Hillary Clinton's presidential campaign.
While serving as chairman of the CFTC, Gensler led the transformation of the $400 trillion over-the-counter derivatives, or swaps, market which failed, while reorganizing the watchdog efforts of the 700-person agency. Gensler led the effort to pass and implement comprehensive oversight of the swaps market, which was at the center of the 2008 financial crisis.
Gensler was born in Baltimore, Maryland, one of five children of Jane (née Tilles) and Sam Gensler. Sam Gensler was a cigarette and pinball machine vendor to local bars, and he provided Gensler with his first exposure to the real-world side of finance when Sam would take Gensler to the bars of Baltimore to count nickels from the vending machines.
Gensler attended Pikesville Senior High School, graduating in 1975. His alma mater later invited Gensler to return to Pikesville, where he was awarded with the Distinguished Alumnus Award, to share his thoughts on leadership, where he encouraged the students to pursue their passions, make opportunities and seize them, find mentors, and find a good partner.
After graduating from high school, Gensler and his identical twin brother enrolled at the Wharton School at the University of Pennsylvania, where Gensler earned an undergraduate degree in economics, summa cum laude, in three years, followed by a master’s in business administration the following year. As an undergraduate, Gensler joined the University of Pennsylvania crew team as a coxswain, dropping his weight to 112 pounds to keep the boat at its proper weight.
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