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Board of Directors

Kathleen Stephansen*


Kathleen Stephansen is GIC Chair, Senior Economist for Haver Analytics and Trustee of EQAT Trust Funds.

William Kennedy, CFA*

Vice Chair of Programs

Bill Kennedy co-founded RiskBridge Advisors, an Outsourced Chief Investment Officer (OCIO) firm providing tailored investment management and unconflicted guidance and implementation to endowments & foundations, insurers, family offices, and their principals.

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.

Michael Drury*

Vice Chair of International

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.

Michael Veloric*


George Tsetsekos, Ph.D.*


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

Donald Rissmiller*

Chairman Emeritus

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.

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.

Ali A. Houshmand, Ph.D.

Dr. Ali A. Houshmand became Rowan University’s seventh president in 2012 after serving for approximately six years as provost/senior vice president, CEO and interim president. Houshmand is a dynamic leader whose personal connection with students, employees, alumni, government leaders, the business community and the public has become a hallmark of his presidency.

Justin Hyde

Justin Hyde is the Co-founder & CEO of The Bronze Buffalo Club & Companies and Chairman of 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 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.

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.

Leland Miller

A leading authority on China’s economy and financial system, Leland Miller is the co-founder and CEO of China Beige Book, the world’s leading data analytics firm focused on China, as well as operator of the largest proprietary data-collection network and private database ever developed to track the Chinese economy.

Maryanne Waldman

Maryanne Waldman is a First Vice President – Financial Advisor for RBC Wealth Management/Consulting Group and has been in the financial services sector serving private clients for over 30 years. 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)

Philippa Dunne

The Liscio Report

Kevin L. Kliesen

Federal Reserve Bank of St. Louis

Catherine L. Mann, Ph.D.

Monetary Policy Committee of the Bank of England

Stephanie Mackay

Federal Reserve Board of Governors Community Advisory Council

Stephen Sexauer

San Diego County Employees Retirement Association

John Silvia, Ph.D.

Wells Fargo

William Strauss

Federal Reserve Bank of Chicago

Daniel G. Sullivan

Federal Reserve Bank of Chicago

Timothy Weckesser, Ph.D.


Mine Yücel

Federal Reserve Bank of Dallas

*Executive Committee Member