Lewis Alexander

Chief U.S. Economist at Nomura

Greater New York City Area
Financial Services
  1. NA,
  2. US Treasury,
  3. Citigroup
  1. Yale University

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Chief U.S. Economist

– Present (3 years 1 month)New York, NY

Lead economic team covering the U.S.

Independent Economist

(less than a year)

Counselor to the Secretary

US Treasury
(2 years 1 month)

Led a small research team in Domestic Finance and helped to direct Treasury staff work on a range of issues including: the Supervisory Capital Assessment Program (bank stress tests), the cost and effectiveness of the Troubled Asset Relief Program (TARP), reform of the mortgage finance system, changes in bank capital requirements, impact of financial conditions on the macroeconomy, the micro-structure of equity trading, the development of analytic techniques to support debt management, and establishing the Office of Financial Research.

Chief Economist

(4 years)

Conducted research on major economic and financial market issues and directed Citi’s global economic research including teams in 15 countries covering over 60 countries.

Managing Director, Global Head for Emerging Markets Economics

(6 years)

Directed the Citi's economic research across the emerging world including three analyst teams covering Latin America, Central and Eastern Europe Middle East and Africa, and Asia Pacific.

Deputy Director, Division of Interantional Finance

Federal Reserve Board
(3 years)

Deputy Director (1998-1999), Associate Director (1997-1998), Chief, Financial Markets Section (1996-1997). Oversaw staff work on foreign financial markets, international banking, and the U.S. balance of payments. Responsible for staff reporting on foreign exchange markets and other foreign financial markets. Directed Division of International Finance’s contribution to briefing materials on monetary policy options. Attended FOMC meetings. Considerable work with the U.S. Treasury on the Asian financial crises and the policy response. Represented the Federal Reserve on G-22 Working Group on Strengthening Financial Systems and at other international meetings.

Chief Economist

U.S. Department of Commerce
(3 years)

Directed two sections of economists, oversaw the production of weekly and monthly reports on the U.S. and global economies, and reviewed major economic reports and publications from all parts of the Department. Was the Department’s spokesperson on economic statistics. Directed the Department’s participation in the G-7 Jobs Conferences in Detroit (1994) and Lille, France (1996) and follow-up work by the OECD.

Econonmist, Senior Economist, Division of Interantional Finance

Federal Reserve Board
(8 years)

Senior Economist (1992-1993) and Economist (1985-1992): Desk-officer for Russia and other successor states of the USSR, analyzed options for United State policy, introduction of new currencies, regional problems, and reforms to the payment system (1992-1993); desk-officer for Germany, work focused on German unification, economic policy, the macroeconomic impact of unification on other industrial countries (1989-1993); analyst for bank lending to developing countries, analyzed debt restructuring, the pricing of alternative restructuring plans; and debt-for-equity swaps (1985-1988).

Consultant, Monetary and Economic Department

Bank for Interantional Settlement
(1 year)

Research on alternative proposals for restructuring LDC bank loans, the free-rider problem in bank debt restructurings, and the estimation of a pure discount term-structure for the German bond market. Wrote sections of the BIS annual report on the performance of equity markets in 1988 and on the U.S. savings and loan industry.


Financial Research Advisory Committee, Office of Financial Research

– Present

The U.S. Treasury's Office of Financial Research (OFR) established its Financial Research Advisory Committee in 2012.

A Treasury press release dated March 22, 2012 stated:

"The OFR was launched after enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act to serve the Financial Stability Oversight Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information, by conducting and sponsoring research related to financial stability, and by promoting best practices in risk management. Members of the Financial Research Advisory Committee will include distinguished academics, researchers, industry leaders, government officials, and experts in the fields of data and technology. The Committee will serve as a valuable resource that will broaden the OFR’s analytical perspective and provide a critical link to diverse knowledge, experience, and perspectives."


Yale University

Ph.D, M.Phil., Economics

Dissertation is three essays on bank lending to developing countries. Fields of concentration: macroeconomics and international finance. Honors: Awarded Hickox Scholarship by Yale 1982-1984.

Stanford University

A.B., A.M., Economics

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