St. Louis Fed Announces New President & CEO, Changes to Little Rock Board

(Federal Reserve Bank of St. Louis)

The Federal Reserve Bank of St. Louis named Alberto Musalem as its president and CEO effective April 2.

Musalem succeeds Jim Bullard, who resigned from his role in July after 15 years as the St. Louis Fed’s president and CEO to become dean of the business school at Purdue University. Musalem will fulfill the remainder of Bullard’s current five-year term that began on March 1, 2021, and ends on Feb. 28, 2026, at which time Musalem will be considered for reappointment.

Musalem has more than 27 years of public and private sector experience in economic policy, finance and markets. Most recently, he was CEO, co-chief investment officer and co-founder of Evince Asset Management, a quantitative investment technology company.

Prior to Evince, he was executive vice president and senior adviser 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.

He 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.

“I am deeply honored to serve as the next president of the St. Louis Fed and grateful for the opportunity to promote a strong, resilient and inclusive economy,” Musalem said in a statement. “I look forward to engaging with the people and communities of the Eighth Federal Reserve District to represent this part of the country at the monetary policy table.”

The St. Louis Fed also announced the following changes to its Little Rock Branch board of directors: