Wachovia appointed Robert Steel as chief executive officer effective immediately, according to a release from the firm.


Steel resigned from the domestic finance unit of the U.S. Treasury Department last Wednesday to assume the Wachovia position.


Assistant Secretary Anthony Ryan will assume most of Steel’s duties in managing the Department of the Treasury’s domestic finance and financial markets agenda.


Steel had served as under secretary of the Treasury’s domestic finance since October 2006.In this role, he served as principal adviser to the Treasury secretary on matters of domestic finance and led 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.


Before working with the Treasury, Steel served as executive of Goldman Sachs, where he worked from 1976 until he retired as a vice chairman in February 2004.


All Wachovia business unit and staff functions will report to Steel.

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