Member Profile

Adam Chepenik is the Deputy Director of the U.S. Treasury's new Office of State and Local Finance, where he advises the Secretary, the Under Secretary for Domestic Finance, and the Assistant Secretary for Financial Markets in the development of public policy pertaining to distressed municipalities, such as Puerto Rico and Detroit, infrastructure finance, and public pensions. Adam was previously a Senior Policy Advisor at Treasury covering capital markets, housing finance reform, and the municipal market. Prior to joining Treasury, Adam worked at Blackstone, a leading alternative investment and financial advisory firm. As a member of Blackstone’s restructuring and reorganization practice, Adam provided critical advice to senior government officials and corporate CEOs on a wide assortment of issues including global strategy and budget reform as well as valuation, capital structure optimization, bankruptcy, and mergers, acquisitions and divestitures. Prior to joining Blackstone, Mr. Chepenik worked in the Executive Office of the President of the United States where he helped facilitate the OMB's response to the global financial crisis and analyzed legislative, economic, regulatory, and organizational policies. Mr. Chepenik began his career at JPMorgan Private Bank where advised high net worth individuals on a full range of wealth-related matters including asset allocation, opportunistic investments and structured solutions. Mr. Chepenik holds an MBA from Harvard Business School and an MPA from Harvard University's John F. Kennedy School of Government, where he graduated as a public service fellow. He also holds three bachelor degrees, in Finance, Economics and Management Science and Statistics from the University of Maryland, where he graduated Summa Cum Laude, Phi Beta Kappa. He is a Chartered Financial Analyst and a Truman National Security Fellow.