DOW JONES NEWSWIRES
January 10, 2005 3:17 p.m.
WASHINGTON -- U.S. Deputy Assistant Treasury Secretary for Financial Institutions Policy Greg Zerzan will become acting assistant Treasury secretary for financial institutions once Wayne Abernathy leaves, Treasury said Monday.
Abernathy earlier Monday told President George W. Bush that he planned to resign after Jan. 31 and work in the private sector. Starting Feb. 1, Abernathy will start working for the American Bankers Association in the newly created position of executive director for financial institutions policy and regulatory affairs.
Zerzan has been in his current post since March 3, 2003 and is responsible for policy matters related to financial services issues. He manages Treasury policy regarding government-sponsored enterprises and oversees Treasury's terrorism risk insurance program. Before joining Treasury, Zerzan worked on the House Financial Services Committee, where he was the senior counsel for legislation.
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