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U.S. Treasury names former JP Morgan govt as racial fairness czar

WASHINGTON, Oct 25 (Reuters) – U.S. Treasury Secretary Janet Yellen has named Janis Bowdler, a Latina activist and former head of the philanthropic arm of JP Morgan Chase(JPM.N) because the first-ever counselor for racial fairness on the Treasury Department, Yellen’s deputy mentioned.

A overview through the first 200 days of the Biden administration confirmed the necessity for a champion to move financial coverage initiatives to advance racial fairness, a Treasury official mentioned.

Deputy Treasury Secretary Wally Adeyemo confirmed the information, first reported by Reuters, in a weblog printed on Monday.

Bowdler will work to arrange an exterior advisory committee at Treasury that faucets the experience of teachers, researchers, group activists and advocates. She additionally will work with communities to establish and mitigate obstacles hindering entry to Treasury advantages and alternatives, the official mentioned.

As a part of Yellen’s dedication to bolstering the range of Treasury’s profession employees, the division will even announce the appointment of Ventris Gibson as deputy director of the U.S. Mint, Adeyemo mentioned.

A longtime federal profession govt and U.S. Navy veteran, Gibson will assume the function of performing director, the primary Black individual to move that company, the official mentioned.

Adeyemo famous that 40% of Treasury’s political appointees – and 50% of these in govt management roles – recognized as folks of coloration, however “much more work” wanted to be executed in diversifying the broader profession employees.

Treasury has a workforce of greater than 95,000 staff in all 50 states and all over the world. No knowledge was instantly obtainable on the share of individuals of coloration on employees total employees.

Adeyemo mentioned the division was working to step up recruitment amongst teams representing veterans, folks with disabilities and different minorities.

Bowdler, former financial coverage director at UnidosUS, a Latino rights group previously referred to as the National Council of La Raza, had labored at JP Morgan Chase since 2013 and most lately served as president of the JP Morgan Chase Foundation.

Reporting by Andrea Shalal; Editing by Howard Goller

The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File Photo