Alberto G. Musalem will be the next president and CEO of the Federal Reserve Bank of St. Louis, according to a Jan. 4 announcement.
Musalem, most recently CEO, co-chief investment officer and co-founder of Evince Asset Management, a quantitative investment technology company, will begin his new role April 2. He will replace James Bullard, who announced his departure in July and is now dean of the business school at Purdue University.
As one of 12 regional Fed bank presidents, Musalem will have a rotating vote on the Federal Reserve's Federal Open Market Committee.
"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," said St. Louis Fed Director Carolyn Chism Hardy, president and CEO of Chism Hardy Investments, in a news release. "Alberto is a mission-focused leader, and I am confident he will work tirelessly to promote a healthy economy for all in representing the diverse views of the constituents across the Fed's Eighth District."
Prior to Evince, Musalem was executive vice president and senior adviser to the president at the Federal Reserve Bank of New York, where he was head of integrated policy analysis, international affairs and a member of the bank's management committee, the announcement said. He also worked as an economist at the International Monetary Fund and is an adjunct professor of finance at Georgetown University's McDonough School of Business.
Kathleen O'Neill, the bank's first vice president and chief operating officer, will remain interim president and CEO until Musalem starts, the bank said.
