Robert E. Rubin
Co-Chairman Council on Foreign Relations
Robert E. Rubin, a Director, Chairman of the Executive Committee, and Member of the Office of the Chairman of Citigroup Inc., has been involved with financial markets and our nation’s public policy debate all of his professional life.
Mr. Rubin began his career in finance at Goldman, Sachs & Company in New York City in 1966. He joined Goldman as an associate, became a general partner in 1971, and joined the management committee in 1980. Mr. Rubin was Vice-Chairman and Co-Chief Operating Officer from 1987 to 1990 and served as Co-Senior Partner and Co-Chairman from 1990 to 1992. Before joining Goldman, he was an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton in New York City.
Mr. Rubin, long active in national and New York City’s public affairs, left the private sector in 1993 to join the Clinton Administration. Beginning with the President’s Inauguration, Mr. Rubin served in the White House as Assistant to the President for Economic Policy. Directing the activities of the National Economic Council, Mr. Rubin guided the newly created NEC as it oversaw the Administration’s domestic and international economic policymaking process, coordinated economic policy recommendations to the President, and monitored the implementation of the President’s economic policy goals.
Upon the retirement of his predecessor, Lloyd Bentsen, Mr. Rubin was President Clinton’s choice to serve as our nation’s 70th Secretary of the Treasury. He was confirmed by the U.S. Senate and sworn into office on January 10, 1995.
As Secretary of the Treasury, Mr. Rubin played a leading role in many of the nation’s most important policy debates. He was involved in balancing the federal budget; opening trade policy to further globalization; acting to stem financial crises in Mexico, Asia, and Russia; helping to resolve the impasse between the Congress and the Executive Branch over the public debt limit; safeguarding the nation’s currency against counterfeiting; introducing inflation-indexed securities; strongly responding to issues at Treasury’s law enforcement agencies; and guiding sensible reforms at the Internal Revenue Service. He left Treasury on July 2, 1999.
Mr. Rubin now serves as Chairman of the Board of the Local Initiatives Support Corporation (LISC). LISC is the nation’s leading community development support organization with 38 offices nationwide. At the White House and Treasury, Mr. Rubin was a leading advocate for policy actions that met the need for economic development in the Nation’s distressed urban and rural areas.
Mr. Rubin joined Citigroup on October 26, 1999, where he participates in the strategic, managerial, and operational matters of the Company. He also serves on the Board of Trustees of Mount Sinai-NYU Health. In March 2000, he became a member of the Advisory Board of Insight Venture Partners, a New York-based private-equity investment firm that specializes in e-commerce business-to-business companies. He is also a member of the Harvard Corporation. In October 2003, he was named Vice Chairman of the Council on Foreign Relations.
Mr. Rubin’s previous activities included membership on the Board of Directors of the Ford Motor Company, New York Stock Exchange, Harvard Management Company, New York City Partnership and Center for National Policy. He has also served on the Board of Trustees of the Carnegie Corporation of New York, the President’s Advisory Committee for Trade Negotiations, the Securities and Exchange Commission Market Oversight and Financial Services Advisory Committee, the Mayor of New York’s Council of Economic Advisors, and the Governor’s Council on Fiscal and Economic Priorities for the State of New York.
Mr. Rubin graduated summa cum laude from Harvard College in 1960 with an A.B. in economics. He received an L.L.B. from Yale Law School in 1964 and attended the London School of Economics.