Kozo Koide

The Global Interdependence Center con- tinues to benefit from the support and
expertise of our diverse and talented members. A committed GIC supporter, Kozo Koide, has participated in many of GIC’s International conferences as a speaker and a delegate. Most recently, Kozo joined GIC as a Speaker Delegate in Prague and Paris in June. Kozo addressed an audience at the Banque de France on our International Currency Panel where he discussed the future of the Japanese Yen. Kozo resides in Tokyo where he works as Chief Economist at DIAM Co. Ltd., formerly DL-IBJ Asset Management, one of the top class Japanese asset management companies. Kozo’s contributions to GIC’s conferences have lead to thought provoking international dialogue.

Paul F. O’Brien

Dr. Paul Francis O’Brien is an Executive Director at Morgan Stanley Investment Management Inc. He is a member of the fixed income team. Dr. O’Brien ia also a Portfolio Manager at Morgan Stanley Investment Management Limited, where he is responsible for investment management. He joined Morgan Stanley in 1996 and has 23 years of investment experience. Prior to joining the firm, Dr. O’Brien served as the Head of European Economics at JP Morgan. Previously, he worked as an Economist for the Organization for Economic Cooperation and Development and the Bank for International Settlements. Dr. O’Brien also served as the Chief of Monetary Projections and Reserves on the Board of Governors of the U.S. Federal Reserve System. He attended the United States Naval Academy, received a B.S. degree in Economics from the Massachusetts Institute of Technology, and a Ph.D. in Economics from the University of Minnesota.

Catherine Mann

Barbara '54 and Richard M. Rosenberg Chair in Global Finance, International School of Business at Brandeis University

Dr. Catherine L. Mann holds the Barbara ’54 and Richard M. Rosenberg Chair in Global Finance at the International Business School, Brandeis University and is a Visiting Scholar at the Federal Reserve Bank of Boston.

Previously, she was a Senior Fellow at the Peterson Institute for International Economics in Washington. Washington policy appointments include Assistant Director in the International Finance Division at the Federal Reserve Board of Governors, Senior International Economist on the President’s Council of Economic Advisers, and Adviser to the Chief Economist at the World Bank.

Ron Florance

Ronald Florance is a senior vice president and director of investment strategy and asset allocation at Wells Fargo Private Bank. His responsibilities include providing comprehensive strategic asset allocation, financial planning and investment management solutions for affluent and high-net-worth individuals and families. Florance has more than 20 years experience in financial services, with 15 of them in investment management. Earlier in his career, Florance worked for Wells Fargo/Nikko Investment Advisors as the lead portfolio manager in the strategic wealth group. He later managed the quantitative equity strategies at First Interstate Bank and The Vanguard Group. Florance has experience managing private client assets and mutual fund portfolios, as well as developing strategic and tactical asset allocation policies. Florance earned his B.S. in applied mathematics and economics from Brown University. He was awarded a Chartered Financial Analyst® designation in 1995. Florance chairs the Wealth Management Asset Allocation Committee, is a voting member of the Due Diligence Committee and works closely with the chief investment officer on the Investment Policy Committee.

John Mousseau

John Mousseau, CFA, is a Managing Director and responsible for Cumberland Advisors’ municipal bond portfolios, overseeing management as well as research. Mr. Mousseau has over 30 years of investment management experience. Prior to joining Cumberland Advisors, John was a Portfolio Manager and Director of Municipal Bond Investments for Lord Abbett & Company from 1993 to 2000. Before this, he served as First Vice-President and Director of Municipal Portfolio Analysis for Shearson Lehman Brothers and a predecessor firm, E.F. Hutton. from 1981 to 1993.

His comments and analysis have appeared in The Bond Buyer, Barron’s, the Wall Street Journal, Bloomberg, Forbes, the New York Times, the San Francisco Chronicle, and the Newark Star Ledger. In addition, he has appeared on Bloomberg Radio and Television, Reuters, and CNBC for commentary on fixed-income markets.

Mr. Mousseau holds an A.B. degree in economics from Georgetown University and a M.A. degree in economics from Brown University. He is a holder of the Chartered Financial Analyst designation and is a member of the Philadelphia Chapter of Business Economists; the New York Society of Securities Analysts, where he serves on the Society’s High Net Worth Investors Committee; and the National Federation of Municipal Analysts (NFMA); and is a past chair of the Municipal Bond Buyers Conference. In addition, he has served as an instructor at the New York Institute of Finance and Bond Market Association.

Mr. Mousseau resides in Maplewood, NJ, where he is active in community affairs and is a board member of the local YMCA and the Rotary Club.

Rudy Penner

Rudolph G. Penner is an Institute fellow at the Urban Institute and holds the Arjay and Frances Miller Chair in Public Policy. Previously, he was a managing director of the Barents Group, a KPMG Company. He was director of the Congressional Budget Office from 1983 to 1987. From 1977 to 1983, he was a resident scholar at the American Enterprise Institute. Previous posts in government include assistant director for economic policy at the Office of Management and Budget, deputy assistant secretary for economic affairs at the Department of Housing and Urban Development, and senior staff economist at the Council of Economic Advisors. Before 1975, Dr. Penner was a professor of economics at the University of Rochester.

He is past president of the National Economists Club and, in 1989, he was elected to the Board of Directors of NABE. In 2003, he received the Jesse Burkhead Award for the best article published in Public Budgeting and Finance in 2002.

Dennis Lockhart

Dennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Federal Reserve Bank of Atlanta. In this role, Lockhart is responsible for all the Bank’s activities, including monetary policy, bank supervision and regulation, and payment services. In addition, he serves on the Federal Reserve’s chief monetary policy body, the Federal Open Market Committee (FOMC).

From 2003 to 2007, Lockhart served on the faculty of Georgetown University’s Walsh School of Foreign Service, teaching in the masters program. In this role, he chaired the program’s concentrations in international business–government relations and global commerce and finance, teaching courses in international finance and investment, global business strategy, and other subjects. He also was an adjunct professor at Johns Hopkins University’s School of Advanced International Studies. During this period, he was also chairman of the Small Enterprise Assistance Funds, a sponsor/operator of emerging markets venture capital/private equity funds.

From 2001 to 2003, Lockhart was managing partner at the private equity firm Zephyr Management LP, based in New York with activity in Africa and Latin America. Prior to joining Zephyr, Lockhart worked for 13 years at Heller Financial, where he served as president of Heller International Group, which had activities in commercial finance and merchant banking in Latin America, Europe, and Asia. In 2000, he served as chairman of the advisory committee of the U.S. Export-Import Bank.

From 1971 to 1988, Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup). Early in his career with Citibank, he worked in the Middle East in Lebanon, Saudi Arabia, Greece, and Iran. From 1978 to 1986, he served in Atlanta as Citicorp’s senior corporate officer and head of corporate banking for the Southeast. And from 1987 to 1988, he was head of the firm’s Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.

Lockhart currently serves on the board of directors and executive committee of the Metro Atlanta Chamber of Commerce, on the boards of directors of St. Joseph’s Health System and the World Affairs Council of Atlanta, and as a trustee of Agnes Scott College and Atlanta International School.

Lockhart was born in 1947 in Bakersfield, Calif. He earned a BA in political science and economics from Stanford University in 1968 and an MA in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. He also attended the Senior Executive Program at MIT, Sloan School of Management, in 1994. He served as an officer in the U.S. Marine Corps Reserve from 1968 to 1974.

The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which covers Alabama, Florida, and Georgia, and parts of Louisiana, Mississippi, and Tennessee. The Bank has branches in Birmingham, Jacksonville, Miami, Nashville, and New Orleans.

Jim Bullard

James Bullard took office as president and chief executive officer of the Federal Reserve Bank of St. Louis in April 2008. He directs the activities of the Bank’s head office in St. Louis as well as its three branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn. In addition, he participates in the Federal Open Market Committee (FOMC), the Federal Reserve’s principal monetary policymaking body.

The Federal Reserve Bank of St. Louis is one of 12 regional Reserve banks that, along with the Board of Governors, constitute the Federal Reserve System. As the nation’s central bank, the Fed is responsible for conducting monetary policy, supervising banks and operating the nation’s payment system.

Dr. Bullard joined the Research division of the Federal Reserve Bank of St. Louis as an economist in 1990 and attained positions of increasing responsibility. Prior to being appointed president, he was deputy director of research for monetary analysis.

A native of Forest Lake, Minn., Dr. Bullard holds a Bachelor of Science degree in quantitative methods and information systems and economics from St. Cloud State University in St. Cloud, Minn., and a doctorate in economics from Indiana University in Bloomington.

Dr. Bullard has written numerous scholarly papers published in professional journals and has been a peer reviewer for over two dozen periodicals or institutions. He has participated in over 150 conferences, symposia or lectures sponsored by foreign central banks, academic institutions and monetary policy groups around the world.

Dr. Bullard enjoys bicycling and tennis. He is married with two daughters.

Richard Yamarone

Richard Yamarone is an economist who has more than two decades of experience and focuses on monetary & fiscal policy, economic indicators, fixed income, commodities, and general macroeconomic conditions for Bloomberg Brief: Economics, a daily newsletter that features analysis, data and news on the forces shaping the global economy. Mr. Yamarone and the Bloomberg Briefs economics team provide in-depth analysis of macroeconomic data, policy and trends and how they will impact financial markets.

Mr. Yamarone forecasts U.S. economic statistics and trends, builds macroeconometric models, and analyzes possible outcomes. He is the creator of the Bloomberg Orange Book — a compilation of macroeconomic anecdotes gleaned from comments CEOs and CFOs made on quarterly earnings conference calls. He travels extensively to speak to clients and corporate executives on the economic outlook, public speaking, and career and management coaching.

Robert E. Grady

Mr. Grady is currently a partner and managing director at Cheyenne Capital Fund, a private equity investment firm. Prior to joining Cheyenne Capital Fund, from 2000 through 2009, Mr. Grady served as a partner at The Carlyle Group, one of the world’s largest private equity firms, where he was Chairman and Managing Partner of Carlyle Venture Partners, the firm’s U.S. venture and growth capital organization. Mr. Grady joined Carlyle in 2000 as global head of Venture Capital and served as a Member of Carlyle’s Management Committee. Mr. Grady served as Chairman of the National Venture Capital Association’s Board of Directors from 2006 to 2007, having joined the board in 2002. Prior to joining Carlyle, Mr. Grady was a Managing Director and member of the Management Committee at Robertson Stephens & Company, an emerging growth investment bank. Mr. Grady previously served in the White House as Deputy Assistant to President George H.W. Bush and as Executive Associate Director of the Office of Management and Budget (OMB). Mr. Grady also served for a decade on the faculty of the Stanford Graduate School of Business where he taught courses on environmental policy and regulation. Mr. Grady is also a director of Maxim Integrated Products (NASDAQ: MXIM) and several privately-held companies. He is currently Chairman of the New Jersey Council of Economic Advisors and a member of the New Jersey State Investment Council. Mr. Grady served as a director of TWPG from September 2009 to June 2010, as a former Chairman and director of AuthenTec, Inc. (NASDAQ: AUTH), and as a former director of Blackboard, Inc. (NASDAQ: BBBB).

Bill Dunkelberg

Chair, GIC

Currently Professor of Economics at the School of Business and Management , Temple University, where he served as Dean from 1987 through 1994 and as Director of the Center for the Advancement and Study of Entrepreneurship. His prior appointments were at the Krannert Graduate School of Management, Purdue University, the Graduate School of Business, Stanford University and the Survey Research Center at the University of Michigan. He has served as the Chief Economist for the National Federation of Independent Business (600,000 member firms) since 1971. He has a B.A., M.A. and Ph.D. degrees in Economics from the University of Michigan.

Terri Yeckley

Terri Yeckley has been serving clients using a wealth management approach with Morgan Stanley Smith Barney (MSSB) and predecessor firms since 1993. In addition to helping high net worth individuals and families, Terri advises many business owners, foundations and non-profit organizations.

Terri holds an MBA degree with an emphasis in finance from the University of Utah. In 1991, she received the designation of Chartered Financial Analyst while working as a financial analyst for Philips NV. She is also a Senior Investment Management Consultant though MSSB’s Consulting Group. She received the designation of Accredited Investment Fiduciary® in 2009. The next year, Terri earned MSSB’s prestigious title of Family Wealth Director, aimed providing potential solutions for the ultra high net worth client sector. She is one of less than 200 advisors at MSSB to have achieved this status.

Terri is committed to serving the philanthropic needs of the community. She currently serves as a member of the board of directors for Ronald McDonald House Charities. Terri concluded her six year term on the board of the Make-A-Wish Foundation of Utah in 2006. In 2002 she was honored by the Salt Lake Chamber of Commerce and Utah Business magazine as one of Utah’s “Top Thirty Women on the Move.” Terri is a member of the CFA Institute and the Salt Lake Society of Financial Analysts.

Kevin Kliesen

Kevin L. Kliesen is a business economist in the Supervisory Policy and
Risk Analysis Unit at the Federal Reserve Bank of St. Louis, which is located in
the Bank Supervision and Regulation Division. He came to the Bank in 1988
after graduating from Colorado State University with an M.A. in Economics. As
a business economist, the bulk of his duties comprise reporting on and analyzing
current U.S. macroeconomic developments and trends. Previously, he was part of
the Research Division.

Bill Strauss

William A. Strauss is a senior economist and economic advisor in the economic research department at the Federal Reserve Bank of Chicago, which he joined in 1982. His chief responsibilities include analyzing the current performance of both the Midwest economy and the manufacturing sector for use in monetary policy. He produces the monthly Chicago Fed Midwest Manufacturing Index and organizes the Bank’s Economic Outlook Symposium and Automotive Outlook Symposium. In addition, he conducts several economic workshops and industrial roundtables throughout the year.

Strauss has taught as an adjunct faculty member at Loyola University Chicago and Webster University in Chicago. He currently teaches at DePaul University Kellstadt Graduate School of Business and at the University of Chicago Graham School of General Studies. At the latter institution, he was named winner of the 2010 Excellence in Teaching Award in the Business and Professional Programs.

His research papers include analysis of the manufacturing sector, the automotive sector, the Midwest regional economy, the trade-weighted dollar, business cycles and Federal Reserve payments operations.

Strauss has been interviewed on numerous television and radio shows and quoted in the major business magazines and newspapers. He has also provided testimony concerning manufacturing issues to the U.S. Senate.

He is a past president of the Chicago Association of Business Economists; a past board member for the National Association for Business Economics; a member of the National Business Economics Issues Council; a member of the Dean’s Advisory Council for the University at Buffalo; a member of the Advisory Council for the University of Illinois at Chicago’s Center for Economic Education; a member of the Economic Advisory Committee for the Council on Competitiveness; and a board member of Global Midwest Alliance.

Strauss earned a B.A. in economics and geography from the State University of New York at Buffalo, and an M.A. in economics from Northwestern University.

John E. Silvia, Ph.D.

Managing Director, Chief Economist, Wells Fargo Securities LLC

John Silvia is a managing director and the chief economist for Wells Fargo. Based in Charlotte, N.C., he has held his position since he joined Wachovia in 2002 as the company’s chief economist.

Prior to his current position, John worked on Capitol Hill as a senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing, and Urban Affairs Committee. Before that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc.