Head of official institutions at investment management group becomes deputy chairman of OMFIF advisory board
10 June 2015
The Official Monetary and Financial Institutions Forum (OMFIF), the independent financial research group, announces today that Louis de Montpellier, global head of the official institutions group at State Street Global Advisors (SSGA), the investment management arm of State Street Corporation, has become a deputy chairman of the OMFIF Advisory Board.
De Montpellier joins three other deputy chairmen: Philip Middleton, head of central banking at Ernst & Young, London; Frank Scheidig, global head of senior executive banking at DZ Bank, Frankfurt; and Songzuo Xiang, chief economist at Agricultural Bank of China and deputy director of the International Monetary Institute at Renmin University, Beijing. Chairman of the Advisory Board is Lord (Meghnad) Desai, emeritus professor of economics at the London School of Economics and Social Science.
Paola Subacchi, director of international economics at the Royal Institute of International Affairs, steps down from her deputy chairman position after five years.
Before he joined SSGA in 2013, de Montpellier served as deputy head of the banking department at the Bank for International Settlements for eight years. De Montpellier’s 30 year career spans public debt management, public asset management and private sector finance at Morgan Stanley, the Belgian Ministry of Finance, European Bank for Reconstruction and Development and Credit Suisse.
Commenting on de Montpellier’s appointment, Lord Desai said: “We are pleased that Louis brings to the advisory board additional acumen, experience and enthusiasm. This signals, too, the growing role that SSGA is playing with OMFIF, as a founder member of our institution. Paola Subacchi is standing down and we would like to thank her for all her hard work.”
De Montpellier said: “I am honoured to have been appointed deputy chairman to the OMFIF Advisory Board. OMFIF plays a crucial role in promoting a better understanding between the private and public sectors on economic and financial developments as well as evolving investment standards. This further demonstrates SSGA’s commitment to sharing its knowledge and experience with official institutions in order to meet their needs and challenges.”
The Official Monetary and Financial Institutions Forum is an independent research and advisory group and a platform for confidential exchanges of views between official institutions and private sector counterparties.