WASHINGTON – The American Investment Council (AIC) has named Drew Maloney as the association’s new president and Chief Executive Officer (CEO). Maloney joins the AIC from the Department of Treasury, where he served as Assistant Secretary for Legislative Affairs.
Steve Klinsky, AIC Chairman and the Founder of New Mountain Capital, praised Maloney’s work in both the public and the private sectors. “Drew has the perfect experience to lead the AIC and we are thrilled to welcome him to our team,” said Klinsky. “Throughout his career, he has proven to be a talented leader, an effective manager, and a results-driven advisor. The AIC will continue to grow under his leadership and proactively communicate how the private equity industry helps build better businesses, create jobs, and strengthen retirements for millions of Americans.”
“The private equity industry is fueling job growth, increasing innovation, and strengthening retirements for millions of Americans.” said Maloney. “I’m excited to join the AIC because it is a dynamic organization that has a strong record of policy and advocacy accomplishments on behalf of its members. I will work to further increase our membership and strengthen our relationships with policymakers in Congress and the Administration. We’ve got a great story to tell about AIC members’ responsible long-term investment and I look forward to working with our team.”
While serving as the principal liaison between Treasury and Congress, Maloney worked on a range of legislative and regulatory issues including tax reform, financial services reforms, CFIUS reform, trade, and sanctions. Earlier in his career, he served as a senior advisor to presidential campaigns and presidential transition teams, and has held senior positions for several congressmen, including House Leadership. During his time in government, Maloney developed excellent relationships with members of Congress from both parties.
“Drew Maloney is the consummate professional who is both liked and well-respected through his previous service in the House and most recently at the Department of the Treasury, working together on important fiscal reforms as well as the broad tax reform law that has helped grow our economy and jobs,” said House Majority Leader Kevin McCarthy (R-CA).
“I’ve enjoyed working with Drew because he is knowledgeable, honest, and effective at his job. Throughout his impressive career in both the public and the private sector, Drew has demonstrated a strong record of professionalism and earned the respect of members from both sides of the aisle,” said Senate Finance Committee Member Mark Warner (D-VA). “I’m happy to congratulate Drew on his new role and look forward to continuing to work with him.”
Prior to his tenure at Treasury, Maloney was Vice President of Government and External Affairs for Hess Corporation, a global independent energy company.
“Drew was a highly respected leader in our company and will be an outstanding representative for the private-equity industry,” said John Hess, CEO of Hess Corporation.
Maloney has over 25 years of experience leading government affairs efforts, including as CEO of Ogilvy Government Relations earlier in his career.
Maloney earned a bachelor’s degree from Randolph-Macon College, where he served as a member of the Board of Trustees, and a J.D. from the Columbus School of Law at Catholic University. Maloney also served on the Board of Trustees at the Meridian International Center. Maloney and his wife, Johns Hopkins professor, Sabra Klein, created the Klein-Maloney Fellowship for Women in the Sciences at Randolph-Macon. He has also been a member of the Cleveland Park Historical Society Board and the Development Committee for Holy Trinity Catholic Church in Georgetown.
Maloney replaces outgoing AIC president and CEO Mike Sommers. He will join the AIC in early August.