Timothy Massad | |
|---|---|
 | |
| 12th Chairman of the Commodity Futures Trading Commission | |
| In office June 5, 2014 – January 20, 2017 | |
| President | Barack Obama |
| Preceded by | Mark Wetjen (acting) |
| Succeeded by | J. Christopher Giancarlo |
| Assistant Secretary of the Treasury for Financial Stability | |
| In office June 30, 2011 – June 5, 2014 | |
| President | Barack Obama |
| Preceded by | Herbert M. Allison |
| Succeeded by | Position abolished |
| Personal details | |
| Born | July 30, 1956 New Orleans, Louisiana, U.S. |
| Political party | Democratic |
| Education | Harvard University (BA, JD) |
Timothy George Massad (born July 30, 1956) is an American lawyer and government official who served as the chairman of the Commodity Futures Trading Commission (CFTC) under President Barack Obama. He had previously been Assistant Secretary for Financial Stability at the United States Department of the Treasury, where he oversaw the Troubled Asset Relief Program (TARP) created by the U.S. government in response to the financial crisis of 2007–08.
Massad earned his undergraduate degree at Harvard University in 1978. After stints working for Ralph Nader and the AFL–CIO, he returned to Harvard to earn a J.D. degree in 1981. He then began a 25-year career as a corporate lawyer at the firm Cravath, Swaine & Moore, where he became an expert on corporate finance and derivatives.
Massad briefly joined the staff of TARP's Congressional Oversight Panel before moving to the Office of Financial Stability as chief counsel. In September 2010 he was named acting Assistant Secretary for Financial Stability. The U.S. Senate confirmed him to the position in June 2011. In November 2013, President Barack Obama nominated him to be CFTC chairman. The Senate confirmed him in June 2014.