G30 Welcomes Masaaki Shirakawa, Adair Turner, and Janet Yellen to Membership

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The Group of Thirty (G30) today announced three new members of the Group. The new members are: Masaaki Shirakawa, Governor of the Bank of Japan; Adair Turner, Chairman of the Financial Services Authority, and Janet Yellen, President, Federal Reserve Bank of San Francisco.

The Group of Thirty (G30) today announced three new members of the Group. The new members are: Masaaki Shirakawa, Governor of the Bank of Japan; Adair Turner, Chairman of the Financial Services Authority; and Janet Yellen, President, Federal Reserve Bank of San Francisco.

Jacob A. Frenkel, Chairman of the G30, said: "We are delighted that these three outstanding individuals have accepted membership in the Group. I am confident they will make major contributions to the work of the G30, to its policy and regulatory debates, and ongoing work program in the years ahead."

Masaaki Shirakawa stated: "It is an honor and privileged to join the G30. Having attended many productive meetings in the past, I know the value of the work the Group conducts and I am glad to support and become a part of the organization."

Adair Turner said: "I thank Paul Volcker and Jacob Frenkel for inviting me to join its distinguished membership. I look forward to contributing to the G30's work program in the future."

Janet Yellen responded: "I am delighted to join the G30, and look forward to engaging with the Group's work on macro-prudential supervision and other matters of mutual interest and concern."

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 its Trustees, and Jacob A. Frenkel, Chairman of the Group.

A full membership list is attached.

Please visit the G30 website for more information at group30.org.

GROUP OF THIRTY MEMBERS

Paul A. Volcker
Chairman of the Board of Trustees, Group of Thirty
Chairman, President Barack Obama's Economic Recovery Advisory Board
Former Chairman, Board of Governors of the Federal Reserve System

Jacob A. Frenkel
Chairman and CEO, Group of Thirty
Former Governor, Bank of Israel
Former Professor of Economics, University of Chicago
Former Counselor, Director of Research, International Monetary Fund

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

Abdlatif Al-Hamad
Chairman, Arab Fund for Economic and Social Development
Former Minister of Finance and Minister of Planning, Kuwait

Leszek Balcerowicz
Professor, Warsaw School of Economics
Chairman of the Board, Bruegel
Former President, National Bank of Poland
Former Deputy Prime Minister and Minister of Finance, Poland

Jaime Caruana
General Manager, Bank for International Settlements
Former Financial Counsellor, 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 Group, Inc.
Former President, Federal Reserve Bank of New York

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 Board
Member of the Governing and General Councils, European Central Bank
Former Vice Chairman and Managing Director, Goldman Sachs International

Martin Feldstein
Professor of Economics, Harvard University
President Emeritus, National Bureau of Economic Research
Former Chairman, Council of Economic Advisers

Roger W. Ferguson, Jr.
President and CEO, TIAA-CREF
Former 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
Founding Partner, Gávea Investimentos
Chairman of the Board, BM&F-Bovespa
Former Governor, Banco Central do Brasil

Gerd Häusler
Member of the Board of Directors and Senior Advisor, RHJ International
Former Managing Director and Member of the Advisory Board, Lazard & Co
Former Counsellor and Director, 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
Chairman of the Board, Bank for International Settlements
Former Secretary of Finance and Public Credit, Mexico

Tommaso Padoa-Schioppa
Chairman, Promontory Europe
Former Minister of Economy and Finance, Italy
Former 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

Masaaki Shirakawa
Governor, Bank of Japan
Former Professor, Kyoto University School of Government

Lawrence Summers
Director, National Economic Council
Former 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

Adair Turner
Chairman, Financial Services Authority
Member of the House of Lords, United Kingdom

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

Janet L. Yellen
President and CEO, Federal Reserve Bank of San Francisco
Professor Emeritus, University of California, Berkley
Former Chair, Council of Economic Advisers
Former Member, Board of Governors of the Federal Reserve System

Ernesto Zedillo
Director, Yale Center for the Study of Globalization, Yale University
Former President of Mexico

SENIOR MEMBERS

William McDonough
Vice Chairman, Bank of America/ Merrill Lynch
Former Chairman, Public Company Accounting Oversight Board
Former President, Federal Reserve Bank of New York

William R. Rhodes
Senior Vice Chairman, Citigroup 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
Former President, Morgan Stanley International
Former COO, Federal Reserve Bank of New York

Gerhard Fels
Former Director, Institut der deutschen Wirtschaft
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
Walker Professor of Economics & International Finance Emeritus, Princeton University
Former Senior Fellow in International Economics, Council on Foreign Relations

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
Deputy Chairman, Pacific Asia Region, the Trilateral Commission
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 Economics and Statistics Department

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