Press Release
New York Fed Announces Creation of the Investor Advisory Committee on Financial Markets
July 24, 2009

New York—The Federal Reserve Bank of New York today announced the establishment of the Investor Advisory Committee on Financial Markets (IACFM).  The committee will serve as a forum for informal discussions on financial, economic and public policy issues and help inform New York Fed President William C. Dudley and senior management.  The IACFM is currently comprised of 13 prominent leaders in the investment community, and is solely an advisory group with no formal policymaking responsibilities. 

The committee will combine the insights of a broad spectrum of investment professionals and strengthen the New York Fed’s relationships with a diverse group of market participants, ensuring policymakers hear a range of views on relevant issues.

Mr. Dudley said, “Since my arrival at the Bank in January 2007, we have expanded our contacts throughout the investment and trading communities.  Through such relationships, we can enhance our understanding of how the private sector interacts with Federal Reserve operations, deepen communications between the Fed and market participants, and build confidence in Fed actions through greater transparency.  Conferring with members of the IACFM is a natural extension of our work at the Bank.”

The creation of this advisory committee formalizes the ongoing expansion of our contacts and outreach by New York Fed staff.  Currently, the New York Fed meets regularly with a variety of economists, representatives from the small business and agriculture sectors, thrift institutions and community banks, as well as leaders from community development organizations committed to assisting the low- and moderate-income communities in our District.

The New York Fed anticipates that committee membership will evolve to ensure additional perspectives are expressed in the committee.  At this time, committee members include:

Keith Anderson
CIO, Soros Fund Management LLC
Nicole Arnaboldi
Vice Chairman of Alternative Investments, Credit Suisse Group
Louis Bacon
Chairman, CEO and Founder, Moore Capital Management LLC
William Clark
Director, State of New Jersey Department of the Treasury,
Division of Investment
Mohamed El-Erian
CEO and Co-CIO, Pacific Investment Management Company
Garth Friesen
Principal, III Associates
Gary Glynn
President and CIO, US Steel and Carnegie Pension Fund
Joshua Harris
Managing Partner, Apollo Management L.P.
Alan Howard
Co-CEO and CIO, Brevan Howard Asset Management LLP
Glenn Hutchins
Co-CEO and Co-Founder, Silver Lake
Sander Levy
Managing Director, Vestar Capital Partners
Morgan Stark
Managing Member, Ramius LLC
Thomas Steyer
Senior Managing Member, Farallon Partners LLC

Contact
Media Relations 
NY.Fed.Media.Relations@NY.frb.org

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