New York—The Federal Reserve Bank of New York today announced the establishment of the Investor Advisory Committee on Financial Markets (IACFM). The committee will serve as a forum for informal discussions on financial, economic and public policy issues and help inform New York Fed President William C. Dudley and senior management. The IACFM is currently comprised of 13 prominent leaders in the investment community, and is solely an advisory group with no formal policymaking responsibilities.
The committee will combine the insights of a broad spectrum of investment professionals and strengthen the New York Fed’s relationships with a diverse group of market participants, ensuring policymakers hear a range of views on relevant issues.
Mr. Dudley said, “Since my arrival at the Bank in January 2007, we have expanded our contacts throughout the investment and trading communities. Through such relationships, we can enhance our understanding of how the private sector interacts with Federal Reserve operations, deepen communications between the Fed and market participants, and build confidence in Fed actions through greater transparency. Conferring with members of the IACFM is a natural extension of our work at the Bank.”
The creation of this advisory committee formalizes the ongoing expansion of our contacts and outreach by New York Fed staff. Currently, the New York Fed meets regularly with a variety of economists, representatives from the small business and agriculture sectors, thrift institutions and community banks, as well as leaders from community development organizations committed to assisting the low- and moderate-income communities in our District.
The New York Fed anticipates that committee membership will evolve to ensure additional perspectives are expressed in the committee. At this time, committee members include:
| Keith Anderson CIO, Soros Fund Management LLC |
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| Nicole Arnaboldi Vice Chairman of Alternative Investments, Credit Suisse Group |
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| Louis Bacon Chairman, CEO and Founder, Moore Capital Management LLC |
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| William Clark Director, State of New Jersey Department of the Treasury, Division of Investment |
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| Mohamed El-Erian CEO and Co-CIO, Pacific Investment Management Company |
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| Garth Friesen Principal, III Associates |
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| Gary Glynn President and CIO, US Steel and Carnegie Pension Fund |
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| Joshua Harris Managing Partner, Apollo Management L.P. |
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| Alan Howard Co-CEO and CIO, Brevan Howard Asset Management LLP |
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| Glenn Hutchins Co-CEO and Co-Founder, Silver Lake |
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| Sander Levy Managing Director, Vestar Capital Partners |
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| Morgan Stark Managing Member, Ramius LLC |
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| Thomas Steyer Senior Managing Member, Farallon Partners LLC |
Contact
Media Relations
NY.Fed.Media.Relations@NY.frb.org
