Attorney General Loretta Lynch said in a statement posted Monday Baer led the antitrust division in collecting a record $2.5 billion of fines in a case that involved several multinational financial institutions.
“Bill Baer is an extraordinary public servant, an outstanding attorney and a champion of all those who look to the law for empowerment and protection,” Lynch said.
“I could not imagine a better individual to fill Stuart Deleryâs shoes as associate attorney general of the United States.”
Baer also previously worked at the Federal Trade Commission, Lynch noted.