St. Louis Fed says Alberto Musalem to succeed Bullard as regional bank president

<p>The St. was Fed has announced that Alberto Musalem will succeed former Pres. James Bullard. </p><p>Bullard started 15 years before resigning to become the Dean of the Krannert School of Management at Purdue University. </p><p> Musalem comes from a small asset management firm called Evincee Asset Management from 2018 to 2022. He was at Executive Vice President at the New York Fed from 2014 to 2017. He also was a partner at Tudor Investment from 2000 – 2013.</p><p>Below is a summary of his experience as outlined in his Bio from Georgetown University where he currently is a adjunct professor:</p><ul><li><p>Evince Asset Management LP (2018-22):</p><ul><li>Co-Founder and CEO/Co-CIO.</li><li>Oversaw business and investment strategies, product development, stakeholder engagement, culture, and planning.</li><li>Company specialized in portfolio technologies for a quantitative global fund, operating in the US and UK.</li></ul></li><li><p>Federal Reserve Bank of New York (2014-17):</p><ul><li>Executive Vice President and Senior Advisor to the President.</li><li>Led Integrated Policy Analysis, Emerging Markets, and International Affairs Groups.</li><li>Member of the Bank’s Management Committee and representative on the CGFS at the Bank of International Settlements.</li></ul></li><li><p>Tudor Investment Corporation (2000-13):</p><ul><li>Managing Director, Partner, and Global Head of Research.</li><li>Served on the firm’s Management, Capital Allocation, and Strategy Committees.</li><li>Focused on investment strategies linking economic policy, macroeconomics, and markets.</li><li>Co-managed a global macro investment portfolio and co-risk-managed an emerging markets credit portfolio.</li></ul></li><li><p>International Monetary Fund (1996-00):</p><ul><li>Economist, focusing on rebuilding monetary policy, fiscal responsibility, and banking systems during the late 1990s' emerging market crises.</li><li>Worked on reforming the global financial architecture post-crises.</li></ul></li><li><p>Man Group and Freddie Mac (2022- / 2021- ):</p><ul><li>Director on the Board.</li><li>Serves on various committees including Audit, Risk, Remuneration, Nominations, Operations and Technology, and Compensation and Human Capital.</li></ul></li><li><p>School the World (2012-15):</p><ul><li>Chairman of the Board.</li><li>Guided significant growth in educational programs and services.</li></ul></li><li><p>Early Career:</p><ul><li>Analyst at Bankers Trust (1995) and McKinsey &amp; Co (1994).</li></ul></li><li><p>Professional Memberships and Teaching:</p><ul><li>Council on Foreign Relations and Economic Club of New York member.</li><li>Distinguished Advisory Group member, Integrity Council for the Voluntary Carbon Market (2022-24).</li><li>Adjunct Professor of finance, Georgetown University (2022- ).</li><li>Former Adjunct Professor, Johns Hopkins (2007).</li></ul></li><li><p>Education:</p><ul><li>PhD in Economics, University of Pennsylvania (1996).</li><li>MSc and BSc in Economics, London School of Economics (1992 &amp; 91).</li></ul></li><li><p>Personal Background:</p><ul><li>Born in Bogota, Colombia; lived in Brazil and Argentina.</li><li>Immigrated to the US; educated in Maryland’s public school system.</li></ul></li></ul><p>He is known to be a deep thinker the economy.</p><p>The St. Louis Fed president will not be a voting member in 2024. He will be a voting member in 2025. </p><p>I would not expect Musalem to be as vocal as the outgoing Pres. James Bullard who was never shy to get in front of a camera.</p>

This article was written by Greg Michalowski at www.forexlive.com.