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Indian-American mulling run for public office in California

Last Updated: Saturday, January 26, 2013 - 13:30

Houston: Indian-American Neel Kashkari, a former US Treasury official who oversaw department`s troubled Asset Relief Program at the height of country`s financial crisis is considering a run for public office in California as a Republican.

Kashkari, 39, announced yesterday that he is stepping down from his job as management director for Pacific Investment Management Co (PIMCO), a Newport Beach investment firm.

The former Goldman Sachs banker expressed an interest in entering public service in California in multiple interviews published today and has launched a website touting his biography and leadership bona fides.

Kashkari, whose parents Chaman and Sheila Kashkari are Indian-Americans from Kashmir, said, "I`m not the typical California Republican. I`m the son of immigrants."

Kashkari told the Wall Street Journal. "I come from modest upbringing. I have a successful track record. I`m an optimist. And I think something can be done if people work together."

Kashkari was a key figure in implementing the USD 700 billion bank bailout effort, known as the Troubled Asset Relief Program, during President George W Bush`s second term.

He stayed at the department for the start of Barack Obama`s presidency before leaving to join Pimco in 2009.


First Published: Saturday, January 26, 2013 - 13:29
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