G30 Welcomes Philipp Hildebrand, Kenneth Rogoff, and Tharman Shanmugaratnam to Membership

The Group of Thirty (G30) welcomed three new members of the Group at its spring plenary, which was hosted by the Bank of Israel in Jerusalem on May 24-26, 2008. The new members are: Philipp Hildebrand, Vice Chairman of the Swiss National Bank; Kenneth Rogoff, Professor of Economics at Harvard University; and Tharman Shanmugaratnam, Minister of Finance, Singapore.

Washington, DC (PRWEB) June 20, 2008 -- The Group of Thirty (G30) welcomed three new members of the Group at its spring plenary, which was hosted by the Bank of Israel in Jerusalem on May 24-26, 2008. The new members are: Philipp Hildebrand, Vice Chairman of the Swiss National Bank; Kenneth Rogoff, Professor of Economics at Harvard University; and Tharman Shanmugaratnam, Minister of Finance, Singapore.

Jacob A. Frenkel, Chairman of the G30, said: "We are delighted that these outstanding persons have accepted membership of the Group. I am sure they will make significant contribution to the intellectual life of the G30, our seminars, events and work program in the years ahead."

Philipp Hildebrand stated: "It is an honor and pleasure to join the G30, I thank the G30 Trustees for extending the invitation."

Kenneth Rogoff said: "I thank Paul Volcker and Jacob Frenkel for inviting me to join such a distinguished membership. I look forward to contributing to the G30's work program in the years ahead."

Minister Tharman Shanmugaratnam responded: ""I feel privileged to be welcomed into the G30's distinguished network, and look forward to adding what I can to the thinking it brings to global financial issues."

A full membership list is attached.

The Group of Thirty, formally known as "The Consultative Group on International Economic and Monetary Affairs, Inc." was founded in 1978. The Group of Thirty is a private, nonprofit, international body composed of senior representatives of the private and public sectors and academia. The Group aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors and to examine the choices available to market practitioners and to policymakers. The Group is led by Paul A. Volcker, Chairman of the Trustees, and Jacob A. Frenkel, Chairman of the Group.

Group of Thirty Members

Paul A. Volcker

Chairman of the Board of Trustees, Group of Thirty

Former Chairman, Board of Governors of the Federal Reserve System

Jacob A. Frenkel

Chairman, Group of Thirty

Vice Chairman, American International Group

Former Governor, Bank of Israel

Geoffrey L. Bell

Executive Secretary, Group of Thirty

President, Geoffrey Bell & Company, Inc.

Montek S. Ahluwalia

Deputy Chairman, Planning Commission of India

Former Director, Independent Evaluation Office, International Monetary Fund

Abdulatif Al-Hamad

Chairman, Arab Fund for Economic and Social Development

Former Minister of Finance and Minister of Planning, Kuwait

Leszek Balcerowicz

Former President, National Bank of Poland

Former Deputy Prime Minister and Minister of Finance, Poland

Jaime Caruana

Counsellor and Director, MCM Department, International Monetary Fund

Former Governor, Banco de España

Former Chairman, Basel Committee on Banking Supervision

Domingo Cavallo

Chairman and CEO, DFC Associates, LLC

Former Minister of Economy, Argentina

E. Gerald Corrigan

Managing Director, Goldman Sachs & Co.

Former President, Federal Reserve Bank of New York

Andrew D. Crockett

President, JPMorgan Chase International

Former General Manager, Bank for International Settlements

Guillermo de la Dehesa Romero

Director and Member of the Executive Committee, Grupo Santander

Former Deputy Managing Director, Banco de España

Former Secretary of State, Ministry of Economy and Finance, Spain

Mario Draghi

Governor, Banca d'Italia

Chairman, Financial Stability Forum

Member of the Governing and General Councils, European Central Bank

Former Vice Chairman and Managing Director, Goldman Sachs International

Martin Feldstein

President, National Bureau of Economic Research

Former Chairman, Council of Economic Advisers

Roger W. Ferguson, Jr.

Chief Executive, TIAA-CREF

Chairman, Swiss Re America Holding Corporation

Former Vice Chairman, Board of Governors of the Federal Reserve System

Stanley Fischer

Governor, Bank of Israel

Former First Managing Director, International Monetary Fund

Arminio Fraga Neto

Partner, Gavea Investimentos

Former Governor, Banco do Brasil

Timothy F. Geithner

President and Chief Executive Officer, Federal Reserve Bank of New York

Former U.S. Undersecretary of Treasury for International Affairs

Gerd Häusler

Managing Director and Member of the Advisory Board, Lazard & Co

Former Counsellor and Director, International Capital Markets Department, International Monetary Fund

Former Managing Director, Dresdner Bank

Philipp Hildebrand

Vice Chairman of the Governing Board, Swiss National Bank

Former Partner, Moore Capital Management

Mervyn King

Governor, Bank of England

Former Professor of Economics, London School of Economics

Paul Krugman

Professor of Economics, Woodrow Wilson School, Princeton University

Former Member, Council of Economic Advisors

Guillermo Ortiz Martinez

Governor, Banco de Mexico

Former Secretary of Finance and Public Credit, Mexico

Tommaso Padoa-Schioppa

Former Minister of Economy and Finance, Italy

Chairman, International Accounting Standards Committee

Former Member of the Executive Board, European Central Bank

Former Chairman, CONSOB

Kenneth Rogoff

Thomas D. Cabot Professor of Public Policy and Economics, Harvard University

Former Chief Economist and Director of Research, IMF

Tharman Shanmugaratnam

Minister of Finance, Singapore

Former Managing Director, Monetary Authority of Singapore

Lawrence Summers

Charles W. Eliot University Professor, Harvard University

Former President, Harvard University

Former U.S. Secretary of the Treasury

Jean-Claude Trichet

President, European Central Bank

Former Governor, Banque de France

David Walker

Senior Advisor, Morgan Stanley International, Inc.

Former Chairman, Morgan Stanley International, Inc.

Former Chairman, Securities and Investments Board, UK

Zhou Xiaochuan

Governor, People's Bank of China

Former President, China Construction Bank

Former Asst. Minister of Foreign Trade

Yutaka Yamaguchi

Former Deputy Governor, Bank of Japan

Former Chairman, Euro Currency Standing Commission

Ernesto Zedillo

Director, Yale Center for the Study of Globalization, Yale University

Former President of Mexico

Senior Members

William McDonough

Vice Chairman and Special Advisor to the Chairman, Merrill Lynch

Former Chairman, Public Company Accounting

Oversight Board

Former President, Federal Reserve Bank of New York

William R. Rhodes

Senior Vice Chairman, Citigroup

Chairman, President and CEO, Citicorp and Citibank

Ernest Stern

Partner and Senior Advisor, The Rohatyn Group

Former Managing Director, JPMorgan Chase

Former Managing Director, World Bank

Marina v N. Whitman

Professor of Business Administration & Public Policy, University of Michigan

Former Member, Council of Economic Advisors

Emeritus Members

Lord Richardson of Duntisbourne, KG

Honorary Chairman, Group of Thirty

Former Governor, Bank of England

Richard A. Debs

Advisory Director, Morgan Stanley & Co.

Gerhard Fels

Former Director, Institut der deutschen Wirtschaft

Wilfried Guth

Former Spokesmen of the Board of Managing Directors, Deutsche Bank AG

Toyoo Gyohten

President, Institute for International Monetary Affairs

Former Chairman, Bank of Tokyo

John G. Heimann

Senior Advisor, Financial Stability Institute

Former US Comptroller of the Currency

Erik Hoffmeyer

Former Chairman, Danmarks Nationalbank

Peter B. Kenen

Senior Fellow in International Economics, Council on Foreign Relations

Former Walker Professor of Economics & International Finance, Department of Economics, Princeton University

Jacques de Larosière

Conseiller, BNP Paribas

Former President, European Bank for Reconstruction and Development

Former Managing Director, International Monetary Fund

Former Governor, Banque de France

Shijuro Ogata

Former Deputy Governor, Bank of Japan

Former Deputy Governor, Japan Development Bank

Sylvia Ostry

Distinguished Research Fellow Munk Centre for International Studies, Toronto

Former Ambassador for Trade Negotiations, Canada

Former Head, OECD Econimics and Statistics Department

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