Roger W. Ferguson Jr. Biography
Roger W. Ferguson Jr. is an American economist, attorney and corporate executive who served as the 17th vice chair of the Federal Reserve from 1999 to 2006. Prior to his term as vice chairman, Ferguson appointed as a member of the Federal Reserve Board of Governors since 1997.
Roger W. Ferguson Jr. Age
Roger W. Ferguson Jr. was born on 28th October, 1951 in Washington, D.C. U.S.
Roger W. Ferguson Jr. Height
He stand at a height of 5 feet and 9 inches tall.
Roger W. Ferguson Jr. Education
He received his early education at Sidwell Friends School and graduated in 1969. Ferguson received a B.A. in Economics in 1973, a J.D. in 1979, and a Ph.D. in economics in 1981, all from Harvard University. Ferguson was the recipient of a Frank Knox Memorial Fellowship, and between 1973 and 1974, he attended Pembroke College at Cambridge University.
Roger W. Ferguson Jr. Nationality
He is an American nationality.
Roger W. Ferguson Jr. Ethnicity
He is an African American ethnicity.
Roger W. Ferguson Jr. Parents
He was born to Roger Ferguson, Sr. and Alberta Elizabeth Lawson Ferguson. His father was a cartographer for the U.S. Army, and his mother was a public school teacher.
Roger W. Ferguson Jr. Siblings
He has not shared any information about his siblings.
Roger W. Ferguson Jr. Wife
He is married to Annette Nazareth, Annette LaPorte Nazareth is an American attorney who served as a Commissioner of the U.S. Securities and Exchange Commission from 4th August, 2005 to 31st January, 2008. She is currently a partner at Davis Polk & Wardwell, where she works on regulatory matters and transactions in the firm’s Washington.
Roger W. Ferguson Jr. Children
Roger and his wife Annette have two children together. Daughter: Caroline Lawson Ferguson (born on. 31st-Aug-1994).
Roger W. Ferguson Jr. American Economist
Roger W. Ferguson, Jr., is the Steven A Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations. He is the immediate past President and Chief Executive Officer of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural fields and a Fortune 100 financial services organization.
Mr. Ferguson is the former Vice Chairman of the Board of Governors of the U.S. Federal Reserve System. He represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations, and Supervision and Regulation.
As the only Governor in Washington, D.C. on 9/11, he led the Fed’s initial response to the terrorist attacks, taking actions that kept the U.S. financial system functioning while reassuring the global financial community that the U.S. economy would not be paralyzed.
Prior to joining TIAA in April 2008, Mr. Ferguson was head of financial services for Swiss Re, Chairman of Swiss Re America Holding Corporation, and a member of the company’s executive committee. From 1984 to 1997, he was an Associate and Partner at McKinsey & Company. He began his career as an attorney at the New York City office of Davis Polk & Wardwell.
Mr. Ferguson is a member of the Smithsonian Institution’s Board of Regents. He is a fellow of the American Academy of Arts & Sciences and co-chairs its Commission on the Future of Undergraduate Education. He serves on the boards of Alphabet, Inc.; Corning, Inc,; Blend Inc., and International Flavors & Fragrances, Inc. Mr. Ferguson is also active as an advisor and board member with various private fintech companies.
He serves on the boards of The Conference Board, the Institute for Advanced Study, Memorial Sloan Kettering Cancer Center, and Columbia University’s Teachers College and other non for profits.
He is a fellow of the American Philosophical Society and a member of the Economic Club of New York, the Council on Foreign Relations, the Group of Thirty, and the National Association for Business Economics.
Mr. Ferguson served on President Obama’s Council on Jobs and Competitiveness as well as its predecessor, the Economic Recovery Advisory Board, and he co-chaired the National Academy of Sciences’ Committee on the Long-Run Macro-Economic Effects of the Aging U.S. Population.
Roger W. Ferguson Jr. TIAA
He was the immediate past president and CEO of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural fields. In April 2008, Ferguson became president and chief executive officer of the Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA). In November 2020, he announced that he would retire at the end of March 2021.
Roger W. Ferguson Jr. Macro Economics Topics
Ferguson has co-authored, edited or led study groups or commissions that have produced numerous publications, including monographs, occasional papers, study group reports and commission reports. These works cover a wide range of topics in financial regulation, financial stability, financial institution culture and governance. and current macroeconomic topics. Among Ferguson’s published works are:
“International Financial Stability”, Geneva Reports World Economy 9 (2007)
“Banking, Financial and Regulatory Reform” (2007)
“The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace” (2008)
“Enhancing Financial Stability and Resilience: Macroprudential Policies, Tools and Systems for the Future” (2010)
“Regulatory Reforms and Remaining Challenges” (2011)
“Aging and the Macroeconomy: Long-term Implications of an Older Population” (2012)
“Toward Effective Governance of Financial Institutions” (2012)
“A New Paradigm: Financial Institutions Boards and Supervisors” (2013)
“Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform” (2015)
“The Future of Undergraduate Education, The Future of America” (2017)
Additionally, Ferguson’s leadership style and leadership of TIAA have been highlighted in several management books, including “The Extraordinary Power of Leader Humility” by Marilyn Gist and “The Harvard Business Review Leader’s Handbook: Make an Impact, Inspire Your Organization, and Get to the Next Level” by Ron Ashkenas and Brook Manville.
Roger W. Ferguson Jr. Awards And Achievements
Ferguson received the Harvard Centennial Medal in 2019. The Centennial Medal is the highest honor bestowed by the Graduate School of Arts and Sciences and is awarded for “contributions to society as they have emerged from one’s graduate education at Harvard”. The citation presented with the Medal reviewed Ferguson’s achievements and featured reflections from Douglas Elmendorf, Drew Faust and Larry Summers.
His list of awards includes The William F. Butler Memorial Award from the New York Association for Business Economics (2006), Visionary Award from the Council for Economic Education (2009), Leadership Award from the National Urban League (2013), and most recently the Beat the Odds Award from the Children’s Defense Fund (2016).
Ferguson was the only Federal Reserve Governor in Washington, D.C., during the September 11 attacks in 2001. He was responsible for leading the Federal Reserve’s initial response to the terrorist attacks and was praised for his expert handling of the crisis.
Ferguson led two working groups to improve the transparency of Federal Open Market Committee (FOMC) decisions and the clarity of FOMC communication. These resulted in the release of a statement at the end of each FOMC meeting, explaining the rationale for the interest rate decision and including an assessment of the risks facing the economy.
Ferguson served as the vice chairman of the Group of 30 study group that published “The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace”. The study of the regulatory structure of 17 jurisdictions was released on 6th October, 2008.
Ferguson served as economic advisor to President Obama in 2008 to 2012, initially as a member of the President-elect’s Transition Economic Advisory Board and subsequently as a member of the President’s Economic Recovery Advisory Board and the President’s Commission on Jobs and Competitiveness.
Roger W. Ferguson Jr. Affiliations
1. American Academy of Arts and Sciences, co-chair of the 2. Commission on the Future of Undergraduate Education
3. American Philosophical Society, fellow
4. Conference Board, trustee
5. Group of Thirty, trustee, member
6. Institute for Advanced Study, trustee
7. Memorial Sloan Kettering Cancer Center, board of overseers member
8. Regents of the Smithsonian Institution, board member
Teachers College, Columbia University
9. The National September 11th Museum and Memorial, trustee
Roger W. Ferguson Jr. Cambridge
Roger W Ferguson, Jr is an Ambassador for Cambridge Judge Business School.
Roger W. Ferguson Jr. Salary
He earns an estimated annual salary of USD 500,000.
Roger W. Ferguson Jr. Net Worth
His net worth is estimated to be USD 10 million.
Roger W. Ferguson Jr. Instagram
Roger Ferguson (@rogerferg)
Roger W. Ferguson Jr. Twitter
He does not hold a twitter account.