Former Federal Reserve Chairman Ben Bernanke, a key architect of the federal government’s rescue of the financial system, is joining Chicago hedge fund Citadel LLC as a senior adviser.
Bernanke will consult on developments in monetary policy, financial markets and the global economy, Citadel said. “His insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors,” said Citadel founder and chief executive Ken Griffin in the statement.
The former Fed chairman, who left in 2014, is the latest high-profile public servant to accept an assignment with hedge funds or private-equity firms following government service.
Former Treasury Secretary Timothy Geithner, another key member of the team that wrestled with the financial crisis in 2008 and 2009, joined private-equity firm Warburg Pincus LLC as a president and managing director in 2013.
Bernanke will continue to work as a fellow for the Brookings Institution.
