The Bank Slate


St. Louis Fed names successor for CEO role

The Federal Reserve Bank of St. Louis has lined up its next CEO.

The St. Louis Fed said in a press release that Alberto Musalem will also become its next president on April 2.

Musalem recently served as co-founder, CEO and co-chief investment officer of Evince Asset Management, a quantitative investment technology company. Before joining Evince, he was senior adviser to the president at the New York Fed.

“As an experienced economist, former Federal Reserve leader, collaborator and communicator, [Musalem] comes with the exceptional technical expertise and leadership abilities needed to contribute to effective policymaking and advance a large organization in service to the public,” Carolyn Chism Hardy, a St. Louis Fed director and deputy chair of the search committee, said in the release.

Musalem will succeed Jim Bullard, who resigned in July 2023 to become dean of the business school at Purdue University. He will become a voting member of the Federal Open Market Committee in 2025.

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