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Alberto Musalem

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Alberto Musalem
President of the Federal Reserve Bank of St. Louis
Assumed office
April 2, 2024
Preceded byKathleen O’Neill Paese (acting)
Personal details
Born (1968-11-15) November 15, 1968 (age 56)
Bogotá, Colombia
EducationLondon 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]

Personal life

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Musalem was born in Bogota, Colombia.[5] He is married to his wife Claudia Pinto, with whom he has three children.[citation needed]

References

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  1. ^ a b "Alberto Musalem becomes St Louis Fed president". Central Banking. Retrieved 16 April 2024.
  2. ^ a b c "St. Louis Fed selects Alberto Musalem as next President and CEO". Talk Business & Politics. Retrieved 4 December 2024.
  3. ^ "Economist Alberto Musalem named new head of St. Louis Fed". Axios. Retrieved 13 December 2024.
  4. ^ "Economist Alberto Musalem Named Next President of St. Louis Fed". The Wall Street Journal. Retrieved 4 December 2024.
  5. ^ a b "St. Louis Fed names Alberto Musalem as its new president". CNN. Retrieved 13 December 2024.
  6. ^ "Alberto G. Musalem to Join Freddie Mac Board of Directors". Freddie Mac. Retrieved 4 December 2024.
  7. ^ "Alberto Musalem". McDonough School of Business. Retrieved 16 April 2024.
Other offices
Preceded by
Kathleen O’Neill Paese
Acting
President of the Federal Reserve Bank of St. Louis
2024–present
Incumbent