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William C. Dudley Elected Chairman of the Economic Club of New York

NEW YORK--(BUSINESS WIRE)--Trustees of the Economic Club of New York have elected new leadership for the more than a century-old, non-partisan organization that is one of the premier speaking platforms for economic policy addresses. William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York was elected Chairman and Terry Lundgren, Chairman and CEO, Macy’s, Inc., was elected Vice Chairman, Abby Joseph Cohen, Senior Investment Strategist and President, Global Markets Institute, Goldman, Sachs & Co., and Ruth Porat, Executive Vice President and Chief Financial Officer, Morgan Stanley were elected Vice Chairs. The board elected Ann Kaplan to be Treasurer and Edward F. Cox to be Secretary. Jan Hopkins remains the Club’s President. Mr. Dudley has served as Vice Chairman of the Club since 2012 and is a leader on economic policy.

“This organization provides an important forum for discussion of some of the most challenging economic and social issues facing business and political leaders today. I look forward to contributing to the Club’s rich legacy as chairman, and promoting the intellectual discourse and debate that these issues require.”

“I am honored to be elected chairman of the Economic Club of New York,” said Mr. Dudley. “This organization provides an important forum for discussion of some of the most challenging economic and social issues facing business and political leaders today. I look forward to contributing to the Club’s rich legacy as chairman, and promoting the intellectual discourse and debate that these issues require.”

Jan Hopkins the Club’s President said, “We are pleased to announce that Bill is taking on the role of Chairman of the Club. Bill has been very active as Vice Chairman for the last two years, and we are looking forward to his continuing contribution to the foremost non-partisan forum in this country.”

The Economic Club of New York is a non-profit and non-partisan organization with more than 1000 members from academia, business, finance and government. The Club provides a structured forum in which selected top leaders, from both the U.S. and abroad, can address key social, economic, and political issues. This year, the Club has heard from Janet Yellen, Chair of the Board of Governors, Federal Reserve System, Alan Greenspan, Former Chairman of the Board of Governors of the Federal Reserve System, Jacob J. Lew, Secretary,U.S. Department of the Treasury and Mary Jo White, Chair of the Securities and Exchange Commission.

For more information about the Club www.econclubny.org

About William C. Dudley

William C. Dudley became the 10th president and chief executive officer of the Federal Reserve Bank of New York on January 27, 2009. In that capacity, he serves as the vice chairman and a permanent member of the Federal Open Market Committee (FOMC), the group responsible for formulating the nation's monetary policy.

Previously, Mr. Dudley served as executive vice president of the Markets Group at the New York Fed, where he also managed the System Open Market Account for the FOMC. The Markets Group oversees domestic open market and foreign exchange trading operations and the provisions of account services to foreign central banks.

Prior to joining the Bank in 2007, Mr. Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm's chief U.S. economist for a decade. Prior to joining Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Mr. Dudley was an economist at the Federal Reserve Board from 1981 to 1983.

Mr. Dudley received his doctorate in economics from the University of California, Berkeley in 1982 and a bachelor's degree from New College of Florida in 1974.

In 2012, Mr. Dudley was appointed chairman of the Committee on the Global Financial System of the Bank for International Settlements (BIS). Previously, Mr. Dudley served as chairman of the Committee on Payment and Settlement Systems of the BIS from 2009 to 2012. He is a member of the board of directors of the BIS and chairman of the Economic Club of New York.

Contacts

Economic Club of New York
Jan Hopkins, 212-947-7738