Monday, July 18, 2016

Nouriel Roubini joins ACGM as Chief Economic Advisor

Nouriel Roubini has joined ACGM, the investment banking boutique as its Chief Economic Advisor. ACGM has released a press release on this announcement. 

Based in New York, Nouriel will provide his highly prized economic insights to the firm and to investment banking clients and investors.
His extensive research focuses on International Macroeconomics, Fiscal Policy, Political Economy, Growth Theory and European Monetary Issues; the knowledge and experience he has developed over the course of his distinguished academic and policy career will be invaluable to ACGM and its clients. Nouriel's global outlook and wide-ranging work on Emerging Markets make him an excellent fit for the role; ACGM focuses on three special areas of expertise: Emerging Markets, Financial Institutions and Restructuring & Special Situations.
During his distinguished career, Nouriel has earned many notable accolades, but he is perhaps best known for foreshadowing the U.S. housing market crash of 2007-2008; he first warned of the crisis in an IMF position paper published in 2006. Nouriel's policy experience is extensive: from 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors, working during the administration of President Bill Clinton, and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, alongside Timothy Geithner, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.
In May 2016, he sold Roubini Global Economics, an independent, global macroeconomic and market strategy research firm, which he cofounded and where he continues to serve as Chairman. The firm's website, Roubini.com, has been named one of the best economics web resources by Bloomberg Businessweek, Forbes, The Wall Street Journal and The Economist. Nouriel's views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in The New York Times Magazine and other leading current-affairs publications. The Financial Times has also provided extensive coverage of his perspectives. In 2011 and 2012, he was named one of the Top 100 Global Thinkers by Foreign Policy magazine. In 2013, Nouriel was awarded the Award for Excellence in Global Thinking by the Global Thinkers Forum. He has appeared before Congress, the Council on Foreign Relations and the World Economic Forum at Davos.
Upon announcing the appointment of Nouriel as Chief Economic Advisor, Carlos Abadi, ACGM's CEO, highlighted the invaluable expertise which is now available to ACGM's clients and professionals.
"We are honored to welcome Nouriel to our team; his research-driven insights and real-world policy experience will be highly valued by ACGM and our clients, as we seek timely, quality information to inform decision making."
Nouriel received his undergraduate degree from Bocconi University in Milan, Italy, and his Ph.D. in Economics from Harvard University in 1988.