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President Bush delivers remarks to Cabinet and Sub-Cabinet Members in the Ronald Reagan Building and International Trade Center in Washington, D.C. on Dec. 16, 2002.  White House photo by Paul Morse.
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Richard Greco -- Department of Defense
Assistant Secretary of the Navy (Financial Management and Comptroller)

Prior to Mr. Greco's appointment as an Assistant Secretary of the Navy, he was appointed a White House Fellow and assigned to the Immediate Office of the Secretary of Defense, where he served as a special assistant. His activities comprised budgeting and finance, public affairs, litigation settlement, international aid negotiation, and economic planning for post-conflict Iraq. In May 2003 he was assigned to Baghdad where he served for six weeks as a special advisor to Presidential Envoy and Administrator of Iraq L. Paul Bremer in the areas of private sector development and financial sector modernization. When his White House Fellowship ended, Mr. Greco was appointed Acting Director of Private Sector Development for the Coalition Provisional Authority Representative's Office, where his role was to serve as a liaison between the international private sector and the Coalition Provisional Authority in Baghdad. Mr. Greco came to government service from the corporate finance advisory firm of Stern Stewart & Co., where he was a vice president and managing director. He founded and led Ambrosetti Stern Stewart Italia, a joint venture in Italy that specialized in corporate valuation, fundamental analysis, financial market research, and incentive compensation design. He was a principal advisor to companies in Italy's automotive, retail, and commercial and investment banking sectors and was a principal advisor on two corporate finance transactions for his Italian clients. In addition, Mr. Greco was a regular lecturer at the Luigi Bocconi School of Business in Milan, the LUISS University School of Management in Rome, and the Italian Association of Financial Analysts. He also served on the board of the Italian-language Journal of Analytical Finance, AF. While at Stern Stewart, Mr. Greco also founded and managed the Government Services Division where he specialized in assisting government agencies and state-owned enterprises with the implementation of modern corporate finance practices. Before joining Stern Stewart in 1997, Mr. Greco was an Associate at The Scowcroft Group, an international investment advisory firm founded and directed by General Brent Scowcroft, National Security Adviser to Presidents George H. W. Bush and Gerald Ford. At The Scowcroft Group, Mr. Greco advised hedge fund managers and American corporate executives on managing the risks of investing in foreign markets. Also while at The Scowcroft Group, Mr. Greco assisted former President Bush and General Scowcroft in reviewing and editing their book on the foreign policy of the first Bush Administration, A World Transformed. Mr. Greco is the Founder, President, and Chairman of the Board of The Montfort Academy, a classical high school for boys in Katonah, N.Y. In 2001 Mr. Greco was elected to the Council on Foreign Relations term member program. He is widely published and is a frequent lecturer in the areas of post-conflict reconstruction, corporate finance, American foreign policy, and education. In 2004 he was awarded the Ellis Island Medal of Honor. Also in 2004 the National Federation of Italian-American Societies named Mr. Greco Man of the Year. Mr. Greco holds an M.B.A. in finance from The University of Chicago Graduate School of Business, an M.A. from The Johns Hopkins University Paul H. Nitze School of Advanced International Studies, and a B.S. in Chemistry Summa Cum Laude, In Cursu Honorum from Fordham University.

Richard Greco
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