Alberto G. Musalem is an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

and

banker A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

who is the President of the

Federal Reserve Bank of St. Louis The Federal Reserve Bank of St. Louis is one of 12 Federal Reserve System, regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States' central bank. Missouri is the only state to have two main ...

. He assumed office on 2 April 2024, replacing James Bullard, who quit in order to be a dean at

Purdue University Purdue University is a Public university#United States, public Land-grant university, land-grant research university in West Lafayette, Indiana, United States, and the flagship campus of the Purdue University system. The university was founded ...

. He is the second

Hispanic The term Hispanic () are people, Spanish culture, cultures, or countries related to Spain, the Spanish language, or broadly. In some contexts, Hispanic and Latino Americans, especially within the United States, "Hispanic" is used as an Ethnici ...

policymaker to be appointed to a position in the

Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...

, after

Adriana Kugler Adriana Debora Kugler is an American economist who serves as a member of the Federal Reserve Board of Governors. She previously served as U.S. executive director at the World Bank, nominated by President Joe Biden and confirmed by the U.S. Senate ...

. Musalem previously served as CEO and co-CIO of Evince Asset Management LP, a quantitative investment technology company he co-founded in 2018."St. Louis Fed selects Alberto Musalem as next President and CEO"
''Talk Business & Politics''. Retrieved 4 December 2024. From 2014-2017, Musalem was executive vice president and senior advisor to the president at the

Federal Reserve Bank of New York The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the New York (state), State of New York, the 12 norther ...

."St. Louis Fed names Alberto Musalem as its new president"
''

CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...

.'' Retrieved 13 December 2024. From 2000-2013, he held several positions at Tudor Investment Corp. Earlier in his career, Musalem served as an economist at the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

. He graduated from the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

with a BSc and Msc in economics, and from the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

with a PhD in economics in 1996.

Personal life

Musalem was born in Bogota, Colombia. He is married to his wife Claudia Pinto, with whom he has three children.

References

{{DEFAULTSORT:Musalem, Alberto 1968 births Alumni of the London School of Economics Federal Reserve Bank of St. Louis presidents Living people University of Pennsylvania alumni