Under Secretary of the Treasury (International Affairs)
On August 14, 2007, David H. McCormick was sworn in by Secretary Henry M. Paulson, Jr. as Under Secretary for International Affairs. In this capacity, he serves as principal advisor to the Secretary of the Treasury on international economic issues. Mr. McCormick leads the development and implementation of policies in the areas of international finance, trade in financial services, investment, economic development, international debt, and oversight of the International Monetary Fund, the World Bank, and the other multilateral development banks. He also coordinates financial market policy with the G-7 countries.
Prior to his service as Under Secretary, Mr. McCormick was Deputy National Security Advisor to the President for International Economic Affairs with responsibility for coordinating U.S. international economic and energy policy as well as foreign assistance, humanitarian relief, and reconstruction efforts. Prior to his assignment in the White House, Mr. McCormick served as the Under Secretary of Commerce for Export Administration where he was responsible for global policy and law enforcement for high technology trade and controls.
Previously, Mr. McCormick worked as President and CEO at FreeMarkets and President of Ariba, two publicly traded software and services companies. He also worked as a consultant for McKinsey & Company.
Mr. McCormick received a mechanical engineering degree from the U.S. Military Academy at West Point and a Ph.D. from the Woodrow Wilson School of Public and International Affairs at Princeton University. He is a former Army officer and a veteran of the first Gulf War.