Frank N. Newman

Frank Neil Newman (born April 20, 1942) is an American banker who served as Under Secretary of the Treasury for Domestic Finance from 1993 to 1994 and as United States Deputy Secretary of the Treasury from 1994 to 1995.

Biography Frank N. Newman was born in Quincy, Massachusetts, on April 20, 1942. He was educated first at Thayer Academy and then later at Harvard College, receiving a B.A. in economics in 1963.

In 1993, President of the United States Bill Clinton nominated Newman to be Under Secretary of the Treasury for Domestic Finance. The next year, he became United States Deputy Secretary of the Treasury, holding that office until 1995.

Newman then returned to the private sector. He became vice chairman of Bankers Trust. He then served as president and chief executive officer of Bankers Trust from 1996 to 1999.

In 2005, he became CEO of Shenzhen Development Bank, a national listed bank with operations in 20 cities in China, SDB had come under serious troubles when a U.S based private equity organisation purchased 20% of the bank's shares, at this point Newman led the team that eventually turned around performance of the institution to become healthy and profitable again, this was done without government funding or guarantees.

Publications

Six Myths that Hold Back America: And What America Can Learn from the Growth of China's Economy (2011), Frank N. Newman, Diversion Books Freedom from National Debt, Frank N. Newman (2013), Two Harbors Press