The International Institute of Finance, a financial-industry lobbying group, has tapped former U.S. Treasury Undersecretary Tim Adams to be its new managing director, the IIF announced in a press release.

Adams, who held his Treasury post during the George W. Bush administration, currently works as the managing director for Lindsey Group, an economic advisory firm. The institute quoted its chairman, Douglas Flint, as saying that Adams "brings to the IIF an enviable range of skills and experience, from both the public and private sectors."

The institute is a cross-border lobbying group for the financial industry. It was formed in 1983 and has more than 450 members in over 70 countries throughout the world.