Alberto Musalem | |
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President of the Federal Reserve Bank of St. Louis | |
Assumed office April 2, 2024 | |
Preceded by | Kathleen O’Neill Paese (acting) |
Personal details | |
Born | Bogotá,Colombia | November 15,1968
Education | London School of Economics (BS,MS) University of Pennsylvania (PhD) |
Alberto G. Musalem is an American economist and banker who is the President of the Federal Reserve Bank of St. Louis. [1] He assumed office on 2 April 2024, [1] replacing James Bullard,who quit in order to be a dean at Purdue University. [2] He is the second Hispanic policymaker to be appointed to a position in the Federal Reserve,after Adriana Kugler. [2]
Musalem previously served as CEO and co-CIO of Evince Asset Management LP,a quantitative investment technology company he co-founded in 2018. [2] [3] From 2014-2017,Musalem was executive vice president and senior advisor to the president at the Federal Reserve Bank of New York. [4] [5]
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. [6]
He graduated from the London School of Economics with a BSc and Msc in economics,and from the University of Pennsylvania with a PhD in economics in 1996. [7]
Musalem was born in Bogota,Colombia. [5] He is married to his wife Claudia Pinto,with whom he has three children.[ citation needed ]