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Board of Directors

Donald Rissmiller*

Chairman

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.

Kathleen Stephansen*

Vice Chair of Programs

Kathleen Stephansen is an Independent Trustee for the AXA-Equitable Trusts, a Senior Economist for Haver Analytics and a Senior Economic Advisor to the Boston Consulting Group Henderson Institute Center for Macroeconomics. She is the former Chief Economist of Huawei Technologies, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research.

Peter A. Gold, Esq.*

Vice Chair

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.

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.

Michael Drury*

Chairman Emeritus

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.

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.

Ray C. Dillon

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

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

Paul Horne is an active independent international market economist since retiring 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.

William Kennedy, CFA

Bill Kennedy is the Chief Investment Officer of Fieldpoint Private and serves on the bank’s Board of Directors. He is responsible for the firm’s investment philosophy, process and platform and chairs the bank’s Investment Committee.

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 an M.A. 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 Senior Associate Dean-Academic Programs at the LeBow College of Business at Drexel University.

William J. McLaughlin

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

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.

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 the First Vice President – Financial Advisor for RBC Wealth Management. Prior to her current position, Maryanne was a vice president at Morgan Stanley Wealth Management.

Advisory Council

David Altig

Federal Reserve Bank of Atlanta

Steven J. Batzer, CPCU, CLU

WBD Investment Group

Julian Callow

Element Capital Management

Mary Caraccioli

Central Park Conservancy

James Clancy

Wells Fargo

William Dunkelberg, Ph.D.

National Federation of Independent Business (NFIB)

Kevin L. Kliesen

Federal Reserve Bank of St. Louis

Philippa Dunne

The Liscio Report

Catherine L. Mann, Ph.D.

Citi Research

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