The Federal Reserve Bank of St. Louis said Evince Asset Management co-founder Alberto G. Musalem will be its next president and chief executive officer in April, succeeding Jim Bullard, who resigned from the role in July 2023.
Musalem, who was a chief executive officer and co-chief investment officer of Evince, will be a voting member of the Federal Open Market Committee in 2025, rotating with other regional reserve bank presidents, St. Louis Fed said in a press release.
He will fulfill the remainder of Bullard’s current five-year term that ends on Feb. 28, 2026. He will then be considered for reappointment under a process established by the Federal Reserve Board of Governors for all Reserve bank presidents, according to the press release
He will participate in FOMC meetings after taking on the position on April 2 and will represent the Eighth Federal Reserve District in national monetary policymaking, while leading the 1,500 employees of the St. Louis Fed.
Musalem 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 Corporation (Freddie Mac) and Man Group. He will step down from these positions before taking office, according to the press release.
Before joining Evince, he was executive vice president and senior advisor 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.
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