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

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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.

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.

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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