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Board of Directors

Michael Drury*

Chairman

Michael Drury is the chief economist for McVean Trading & Investments, LLC. He joined the firm in 1992, after serving for five years as senior economist with Allen Sinai at Shearson Lehman Brothers and its successor firms.

Donald Rissmiller*

Vice Chair of Programs

Donald Rissmiller is a founding partner of Strategas and has been the Firm’s chief economist since 2006, directing its macroeconomic research effort. He oversees Strategas’ high-frequency econometric forecasting and thematic economic research.

E. Martin Heldring*

Treasurer

E. Martin Heldring, senior vice president and managing director of TD Bank, N.A, joined GIC’s Board of Directors in 2008. Prior to his current position, he was president and CEO of Harris – Glencoe.

George Tsetsekos, Ph.D.*

Secretary

George Tsetsekos is dean emeritus and the Francis Professor of Finance at Drexel University’s LeBow College of Business.

Manuel Balmaseda

Manuel Balmaseda is the chief economist at CEMEX, a leading global building materials corporation. Previously he served as chief economist for Spain and Europe at BBVA, chief economist for Capital Markets at BBV, professor of economics at CEMFI and visiting researcher at the Federal Reserve Bank in Minneapolis.

Mike Begeman

Mike serves as executive chief of staff for CEO Kelby Krabbenhoft at Sanford Health and as vice president for public affairs for the system.

Terry Cooke, Ph.D.

Terry Cooke is the founder of the China Partnership of Greater Philadelphia, a non-profit platform to accelerate public-private collaboration between Greater Philadelphia and China in clean energy and energy-efficient buildings.

Ray Dillon

Ray Dillon was President and Chief Executive Officer for Deltic Timber Corporation from 2003-2016. Mr. Dillon brought to the company a revitalized focus on efficiency and personal accountability within all levels of Deltic’s operations.

Peter A. Gold, Esq.*

Peter A. Gold, Esquire is the founder and president of TheGoldGroup, LLC [www.thegoldgrp.com]. Since 2007, the consultancy has brought businesses, universities, governments and not-for-profits together to create value, seize new opportunities, leverage assets, meet new challenges and reduce exposure to the risks created by today’s global economy.

Sean Heberling, CFA

Mr. Sean Heberling, CFA is President of Marion Street Capital, a boutique investment firm. He is a Director at the CFA Society of Philadelphia, a member Society of the CFA Institute, the preeminent organization for Finance professionals.

J. Paul Horne

J. Paul Horne is an active independent international market economist since retiring in 2001 as a managing director and European equity market economist at Salomon Smith Barney/Citigroup in London.

Justin Hyde

Justin Hyde is co-founder and co-CEO of Hero Partners, and co-Founder and chairman of The Bronze Buffalo Club and The Bronze Buffalo Foundation.

David R. Kotok

David R. Kotok cofounded Cumberland Advisors in 1973 and has been its chief investment officer since inception. He holds a B.S. in economics from the Wharton School of the University of Pennsylvania, an M.S. in organizational dynamics from the School of Arts and Sciences at the University of Pennsylvania, and a master’s in philosophy from the University of Pennsylvania.

Benjamin Leavenworth

Benjamin has over 20 years of professional experience in Latin America, from governmental roles to entrepreneurial ventures and finance. He is a founding partner of Afina International and also serves as Honorary Consul of Chile in Philadelphia.

Stephanie Mackay

Stephanie is the chief innovation officer for Columbus Community Center, a Salt Lake County-based nonprofit organization that provides programs and services for 430 individuals who have developmental and physical disabilities.

Vibhas Madan, Ph.D.

Vibhas Madan is the department head and professor of economics and international business at the LeBow College of Business at Drexel University.

William J. McLaughlin

William (Bill) McLaughlin is president of McLaughlin & Morgan, Inc., a business development company that assists American firms entering Europe via Ireland, and/or Irish companies entering the U.S.

Sangeetha Ramaswamy

Sangeetha Ramaswamy directs research and investment strategy for Herman Global, a newly-created global macro trading team for Millennium Management, one of the world’s largest hedge funds.

Joshua Rosner

Josh Rosner is co-author of the New York Times Bestseller “Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon,” and managing director at independent research consultancy Graham Fisher & Co.

Kathleen Stephansen

Kathleen Stephansen is Chief Economist of Huawei Technologies and Head of the Huawei Center for Macroeconomic Research based in New York.

Michael Veloric

Michael Veloric has served as the president of Veloric Asset Management since 1997. He holds an MBA in health care administration from Temple University and a bachelor’s degree in economics from Drew University.

Maryanne Waldman

Maryanne Waldman is a vice president at Morgan Stanley Wealth Management in Boston.

Christopher Whalen

R. Christopher Whalen is an investment banker and author who lives in New York City. He is Chairman of Whalen Global Advisors LLC and works as a consultant and analyst focused on the financial services, mortgage finance and related technology companies.

Advisory Council

David Altig

Federal Reserve Bank of Atlanta

Steven J. Batzer, CPCU, CLU

WBD Investment Group

Julian Callow

Element Capital Management

Mary Caraccioli

Lincoln Center for the Performing Arts

James Clancy

Wells Fargo

Kevin L. Kliesen

Federal Reserve Bank of St. Louis

Philippa Dunne

The Liscio Report

Stephen Sexauer

San Diego County Employees Retirement Association

John Silvia, Ph.D.

Wells Fargo

William Strauss

Federal Reserve Bank of Chicago

Timothy Weckesser, Ph.D.

Sino-Consulting

Mine Yücel

Federal Reserve Bank of Dallas

*Executive Committee Member