Ex-Lazard Banker Joins Treasury to Assist on Puerto Rico
ByFormer Lazard Ltd. investment banker Stephen Campbell is joining the U.S. Treasury to work on domestic finance issues including Puerto Rico’s fiscal crisis, a department spokesman said.
Campbell began June 1 as a counselor in the Treasury’s domestic finance office, working with Antonio Weiss, also a former Lazard banker. Weiss serves as an adviser to Secretary Jacob J. Lew after failing to win Senate confirmation to be undersecretary for domestic finance.
Weiss and other Treasury officials have traveled to Puerto Rico recently as the commonwealth faces a potential cash crunch and struggles with $72 billion in debt. The Treasury is offering Puerto Rico advice on how to help ease its budgetary burdens and ensure the U.S. territory receives all federal funding that’s available, while refraining from any extraordinary rescue measures…
Ex-Lazard Banker Joins Treasury to Assist on Puerto Rico
