Robert K. Steel Biography

Robert K. Steel is the former president and CEO of Wachovia Corporation. He joined the board of directors of Wells Fargo & Co. upon the firm's merger with Wachovia. He previously served as Under Secretary of the Treasury for Domestic Finance. In that capacity he served as the principal adviser to the Secretary on matters of domestic finance and leads the Department's activities with respect to the domestic financial system fiscal policy and operations governmental assets and liabilities and related economic and financial matters. Robert K. Steel retired from Goldman Sachs as a vice chairman of the firm on February 1 2004. He joined Goldman Sachs in 1976 and served in the Chicago office until his transfer to London in 1986. In London he founded the Equity Capital Markets group for Europe and was extensively involved in privatization and capital raising efforts for European corporations and governments. He later assumed the position as head of Equities for Europe. He relocated to New York in 1994 and served as head of the Equities Division from 1998-2001 until his appointment as a vice chairman of the firm. He became a partner in 1988 and joined the Management Committee in 1999. Upon his retirement from Goldman Sachs he assumed the position of advisory director for the firm and then senior director in December 2004. Mr. Steel served as a senior fellow at the Center for Business and Government at the John F. Kennedy School of Government at Harvard University from February 2004 to September 2006. Mr. Steel received his undergraduate degree from Duke University and his MBA from the University of Chicago. He resides in Connecticut and Washington D.C. with his wife and three daughters.

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