John Lipsky

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John Lipsky
John Lipsky.jpg
Occupation First Deputy Managing Director
Employer International Monetary Fund

John Lipsky was the first deputy managing director of the International Monetary Fund (IMF). He assumed the position at the IMF on Sept. 1, 2006.[1] Hours after its former chief, Dominique Strauss-Kahn, was arrested in connection with the alleged sexual attack of a maid at a Midtown Manhattan hotel in 2011, the IMF named Lipsky as acting managing director.[2] Lipsky had said that he planned to step down when his term ended in August of 2011, although at Strauss-Kahn’s request he would remain as a special adviser through the Group of 20 summit of rich and developing nations scheduled for November of 2011.[3]

Lipsky's professional activities have included serving on the board of directors of the National Bureau of Economic Research, the Economic Club of New York, the American Council on Germany and the Japan Society. He also serves as a member of the advisory board of the Stanford Institute for Economic Policy Research and of the economics subcommittee of the Bond Market Association. Lipsky is a member of the Council on Foreign Relations.[4]

Background

Before coming to the IMF, Lipsky was vice chairman of the JPMorgan Investment Bank. Previously, Lipsky served as JPMorgan's chief economist, and as Chase Manhattan Bank's chief economist and director of research. He served as chief economist of Salomon Brothers, Inc. from 1992 until 1997. From 1989 to 1992, Lipsky was based in London, where he directed Salomon Brothers' European economic and market analysis group.

Before joining Salomon Brothers in 1984, he spent a decade at the IMF, where he helped manage the IMF's exchange rate surveillance procedure and analyzed developments in international capital market. He also participated in negotiations with several member countries and served as the IMF's resident representative in Chile during 1978-80.

In 2000, he chaired a financial sector review group, established by former managing director Horst Köhler, to provide the IMF with an independent perspective on the IMF's work on international financial markets.

Education

A graduate of Wesleyan University, Lipsky earned a bachelor's degree in Economics. Subsequently, he was awarded an M.A. and a Ph.D. in economics from Stanford University.

References

  1. John Lipsky, First Deputy Managing Director, IMF. IMF.
  2. I.M.F. Names New Leader. New York Times.
  3. Lipsky To Direct IMF. The Washington Post/Bloomberg.
  4. IMF Managing Director de Rato Proposes Appointment of John Lipsky as First Deputy Managing Director. IMF.