St. Louis Fed selects Alberto Musalem as next President and CEO
by January 4, 2024 10:41 am 531 views
The Federal Reserve Bank of St. Louis announced Thursday (Jan. 4) that Alberto G. Musalem will be its next president and chief executive officer. In this role, Musalem will represent the Eighth Federal Reserve District in national monetary policymaking on the Federal Open Market Committee and will lead the 1,500 employees of the St. Louis Fed.
He will begin his role on April 2, 2024, and replace James Bullard, who left the post to take a job in academia.
Musalem has a background as an economist and executive with public and private sector experience in economic policy, finance and markets.
Musalem was CEO and co-chief investment officer of Evince Asset Management LP (2018-’22), a quantitative investment technology company that he co-founded in 2018. From 2014 to 2017, he was executive vice president of the Federal Reserve Bank of New York and senior advisor to the president.
Musalem also was managing director, partner and global head of Research of Tudor Investment Corporation (2000-’13), where he was a member of the firm’s Management, Capital Allocation and Strategy committees and worked with diverse groups of portfolio managers, globally and across asset classes, on investment strategies grounded on the relation between economic policy, macroeconomic performance and markets.
Earlier in his career, Musalem was an economist at the International Monetary Fund.
He is an adjunct professor of finance at Georgetown University’s McDonough School of Business and serves on the boards of the Federal Home Loan Mortgage Corp. (Freddie Mac) and Man Group. He will step down from these positions before taking office.
Musalem earned a Ph.D. in economics from the University of Pennsylvania. He also holds master’s and bachelor’s degrees in economics from the London School of Economics and Political Science. He was born in Bogota, Colombia, and lived in Brazil and Argentina before emigrating to the U.S. and graduating from the public school system in Maryland.
Headquartered in St. Louis, with branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the states that comprise the Federal Reserve’s Eighth District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi.