David Malpass
David Malpass
TERM AS TRUSTEE
June 4 - December, 2024
BIOGRAPHY
David Malpass served as U.S. Treasury Undersecretary for International Affairs in 2017-2019 and as World Bank President in 2019-2023, following 24 years as a leading Wall Street economist and columnist with Forbes and the WSJ. He is a Distinguished Fellow in International Finance with Purdue University in Indiana and Washington DC.
Mr. Malpass’s work has taken him to 75 countries and meetings with world leaders spanning four decades. His consulting and public speaking activities focus on economics, markets, geopolitics and leadership.
As a strong crisis leader, his tenure at the World Bank Group provided a record $440 billion in financing to developing countries in response to the COVID-19 pandemic, war in Ukraine, energy shortages, and humanitarian crises. At Treasury, he led U.S. international economic policy, including finance, currencies, international taxation, China relations, and debt restructuring efforts. He sought to enhance national security and economic strength through his work on the 2018 FIRRMA law strengthening CFIUS, the application of sanctions, and the Financial Stability Board’s interaction with Basel III safety and soundness standards.
From 1993-2016, Malpass worked as Chief Economist and Senior Managing Director of Bear Stearns and as founder and president of a NYC-based economics and market research firm. He was regularly voted a top Wall Street economist by Institutional Investor. He wrote the Thought Leaders column in Forbes for a decade and is the author of over 100 opinion pieces on economics, markets, debt, taxes, and international relations in The Wall Street Journal and other publications.
From 1984-1993, Mr. Malpass served with Secretary James Baker at the Treasury and State Departments, as staff director of the Joint Economic Committee, and as Senior Tax and Trade Analyst for the Senate Budget Committee. He earned his bachelor’s degree in physics from Colorado College and MBA from the University of Denver and was a Boettcher Scholar and a National Merit Scholar. He first worked as a contract administrator, systems analyst and CPA in Portland, Oregon. In 1983, he undertook advanced graduate work in international economics at Georgetown University’s School of Foreign Service and has studied Russian, Spanish and French.