The Federal Reserve Bank of St. Louis has appointed Alberto Musalem as its next president and CEO.
He has more than 27 years’ experience of public and private sector roles focused on economic policy, finance and markets, most recently as CEO and co-chief investment officer of Evince Asset Management, a quantitative investment technology company that he founded.
Before this, Musalem was executive vice president and senior adviser to the president at the Federal Reserve Bank of New York. Earlier in his career, he was a managing director, partner and global head of research at Tudor Investment Corporation, and before that was an economist at the International Monetary Fund.
He obtained his Ph.D. in economics from the University of Pennsylvania and his master’s and bachelor’s degrees in economics from the London School of Economics and Political Science.
Musalem is an adjunct professor of finance at Georgetown University’s McDonough School of Business and serves on the boards of Freddie Mac and Man Group. He will step down from these positions before taking office.
Commenting on the appointment, St. Louis Fed Director Carolyn Chism Hardy said: “As an experienced economist, former Federal Reserve leader, collaborator and communicator, he comes with the exceptional technical expertise and leadership abilities needed to contribute to effective policymaking and advance a large organization in service to the public.”
Musalem starts work in the new role on April 2.