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Sebastian Christopher Peter Mallaby (born May 1964) is an English journalist and author, Paul A. Volcker senior fellow for international economics at the
Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York ...
(CFR), and contributing columnist at ''
The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
''. Formerly, he was a contributing editor for the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'' and a columnist and editorial board member at ''The Washington Post''. His recent writing has been published in ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', ''
The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', and the ''
Atlantic Monthly ''The Atlantic'' is an American magazine and multi-platform publisher. It features articles in the fields of politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston, ...
''. In 2012, he published a Foreign Affairs essay on the future of China's currency. His books include '' The Man Who Knew'' (2016), ''
More Money Than God ''More Money Than God: Hedge Funds and the Making of a New Elite'' (2010) is a financial book by Sebastian Mallaby published by Penguin Press. Mallaby's work has been published in the ''Financial Times'', ''The Washington Post'', ''The New York T ...
'' (2010), and '' The World's Banker'' (2004).


Early life

Sebastian Mallaby was born in May 1964, the son of Sir Christopher Mallaby, who was Ambassador of the United Kingdom to Germany (1988–1993) and Ambassador of the United Kingdom to France (1993–1996), and Lady Pascale Mallaby.Andrew Hilton
"More Money Than God"
''Financial World'', Dec 2010
Sebastian was educated at
Eton College Eton College () is a public school in Eton, Berkshire, England. It was founded in 1440 by Henry VI under the name ''Kynge's College of Our Ladye of Eton besyde Windesore'',Nevill, p. 3 ff. intended as a sister institution to King's College, ...
, won an academic scholarship to
Oxford University Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...
, and graduated in 1986 with a First Class degree in modern history.David Bukey
"Sebastian Mallaby: Hedge funds and the future of finance"
The AT Interview, ActiveTrader,
His interests include financial markets, the implications of the rise of newly emerging powers, and the intersection of economics and international relations.


Career

Mallaby worked at ''The Washington Post'' from 1999 to 2007 as a columnist and member of the editorial board. Prior to that he spent thirteen years with ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econ ...
'', in London, where he wrote about foreign policy and international finance. He also spent time in Africa, where he covered
Nelson Mandela Nelson Rolihlahla Mandela (; ; 18 July 1918 – 5 December 2013) was a South African anti-apartheid activist who served as the first president of South Africa from 1994 to 1999. He was the country's first black head of state and the ...
’s release and the collapse of
apartheid Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid wa ...
; and in Japan, where he covered the breakdown of the country's political and economic consensus during the 90s. Between 1997 and 1999 Mallaby was the ''Economist''’s Washington bureau chief and wrote the magazine's weekly "Lexington" column on American politics and foreign policy. His 2002 ''
Foreign Affairs ''Foreign Affairs'' is an American magazine of international relations and U.S. foreign policy published by the Council on Foreign Relations, a nonprofit, nonpartisan, membership organization and think tank specializing in U.S. foreign policy ...
'' essay "The Reluctant Imperialist" about failed states was cited by commentators in ''The New York Times'', ''Financial Times'', and ''Time'' magazine. Mallaby is a two-time
Pulitzer Prize The Pulitzer Prize () is an award for achievements in newspaper, magazine, online journalism, literature, and musical composition within the United States. It was established in 1917 by provisions in the will of Joseph Pulitzer, who had ma ...
finalist: in 2005 for editorials on
Darfur Darfur ( ; ar, دار فور, Dār Fūr, lit=Realm of the Fur) is a region of western Sudan. ''Dār'' is an Arabic word meaning "home f – the region was named Dardaju ( ar, دار داجو, Dār Dājū, links=no) while ruled by the Daj ...
and in 2007 for a series on economic inequality in America. He wrote a long read for ''
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
'' on 'the cult of the expert - and how it collapsed'.


Books

Mallaby's books include ''After Apartheid'' (1992), which was a New York Times Notable Book. ''The World's Banker'' (2004) is a portrait of the
World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inter ...
under
James Wolfensohn Sir James David Wolfensohn (1 December 193325 November 2020) was an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005). During his tenure at the World Bank, he is ...
. An essay in the ''Financial Times'' said of ''The World's Banker'', "Mallaby's book may well be the most hilarious depiction of a big organization and its controversial boss since
Michael Lewis Michael Monroe Lewis (born October 15, 1960) Gale Biography In Context. is an American author and financial journalist. He has also been a contributing editor to '' Vanity Fair'' since 2009, writing mostly on business, finance, and economics. H ...
's ''
Liar's Poker ''Liar's Poker'' is a non-fiction, semi- autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s. First published in 1989, it is considered one of the books that defined ...
''." Mallaby published a history of the hedge-fund industry in ''
More Money Than God ''More Money Than God: Hedge Funds and the Making of a New Elite'' (2010) is a financial book by Sebastian Mallaby published by Penguin Press. Mallaby's work has been published in the ''Financial Times'', ''The Washington Post'', ''The New York T ...
: Hedge Funds and the Making of a New Elite'' (2010). ''Washington Post'' columnist Steve Pearlstein called it "the definitive history of the
hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as ...
industry, a compelling narrative full of larger-than-life characters and dramatic tales of their financial triumphs and reversals." It was the recipient of the 2011
Gerald Loeb Award The Gerald Loeb Award, also referred to as the Gerald Loeb Award for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was estab ...
, a finalist in the 2010
Financial Times and Goldman Sachs Business Book of the Year Award ''Financial Times'' Business Book of the Year Award is an annual award given to the best business book of the year as determined by the '' Financial Times''. It aims to find the book that has 'the most compelling and enjoyable insight into modern ...
, and a 2010
New York Times bestseller ''The New York Times'' Best Seller list is widely considered the preeminent list of best-selling books in the United States. John Bear, ''The #1 New York Times Best Seller: intriguing facts about the 484 books that have been #1 New York Times ...
. After five years of extensive research and in-person interviews, Mallaby's book '' The Man Who Knew: The Life and Times of Alan Greenspan'' was published in October 2016. A biography of former Fed Chair
Alan Greenspan Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. ...
, ''The Man Who Knew'' was praised by Mervyn King, former
Governor of the Bank of England The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The governor of the Ba ...
, as "A fascinating and balanced study of arguably the most important figure of the post-war global financial scene." It won the 2016
Financial Times and McKinsey Business Book of the Year Award ''Financial Times'' Business Book of the Year Award is an annual award given to the best business book of the year as determined by the ''Financial Times''. It aims to find the book that has 'the most compelling and enjoyable insight into modern ...
. In 2022, Mallaby published his fifth book, ''The Power Law: Venture Capital and the Making of the New Future'', a history of the venture capital industry's development in the U.S. and globally over the last seven decades''.''


Personal life

Mallaby is married to the English journalist and Editor-in-Chief for ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econ ...
'', Zanny Minton Beddoes. They have four children.


References


External links

*
Author Sebastian Mallaby
Charlie Rose show, 14 July 2010.
Sebastian Mallaby
at the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'' {{DEFAULTSORT:Mallaby, Sebastian Living people 1964 births English journalists People educated at Eton College Alumni of the University of Oxford Sebastian Gerald Loeb Award winners for Business Books