Center for Financial Stability

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Jack Malvey
Special Counselor

Jack Malvey is Special Counselor at the Center for Financial Stability and the former Chief Global Markets Strategist and Director of Center for Global Investment and Market Intelligence for BNY Mellon Investment Management. At BNY Mellon, his team was responsible for identifying, researching, and communicating investment trends, market activity, and economic conditions.

He formerly consulted to key global capital market institutions, including serving on the Investment Advisory Committee of the New York State Teachers Retirement System (2009-2011) and the Advisory Board of Discern (2010-2011), an independent equity research provider, headquartered in Silicon Valley. Jack formerly served as a Trustee of the Kellogg Foundation.

Prior to joining Barclays Capital in 2008 as Managing Director and Bond Strategist, Jack was the Chief Global Fixed-Income Strategist at Lehman Brothers from 1996 to 2008 and the Corporate Bond Strategist from 1992 to 1996. Jack also directed Lehman Brothers Global Family of Indices from 1996 to 2007, Lehman Brothers Global Relative Value publication (1996-2008), hosted Lehman’s weekly Bond Show (1999-2008), and chaired Lehman’s investment strategy committee. Previously, Jack was Director of Corporate Bond Research at Kidder Peabody and an analyst at Moody’s Investor Services.

In addition to holding the Chartered Financial Analyst designation, Jack belongs to the New York Society of Security Analysts and the Fixed Income Analysts Society, Inc. Jack is a former President of the Fixed Income Analysts Society and was inducted into the Fixed Income Analysts Society’s Hall of Fame in 2003 and received the inaugural President’s Award in 2015.

Jack received an AB in economics from Georgetown University and did graduate work in economics at the New School for Social Research in New York. For 18 years, Jack was a ranked strategist in Institutional Investor’s annual fixed-income research survey, including 16 consecutive first team positions (five for corporate bond strategy and 11 for general strategy). A regular contributor to the financial media, Jack is also the author of “Global Corporate Bond Portfolio Management,” a required chapter reading for CFA Level III candidates, and has lectured at numerous local CFA Institute analyst societies and universities.

Key recent publications include: “A First Perspective: The Transformational Influence of ‘Big Data’ on the 21st Century Global Financial System” (2013), “Managing Geopolitical Risk in Investment Decision-Making” (2015), and “Global Capital Market History and Futurology" (2016), and “The Early 21st Century Evolution of Global Capital Markets: The Great Transition”, a chapter in the book, The Capital Markets: Evolution of the Financial Ecosystem (2017).


Advisory Board

Randal K. Quarles

William R. Rhodes

Eduardo Aninat, Ph.D.

Sheila Bair

Senator Bill Bradley

Joyce Chang

M. Shafik Gabr

Charles Goodhart, CBE, FBA

Henry Kaufman, Ph.D.

Barbara G. Novick

Guillermo Ortiz, Ph.D.

Richard L. Sandor, Ph.D., Dr. Sc.h.c.

Myron S. Scholes, Ph.D.

The Honorable Carole L. Brookins (2010-20)

Judge Richard A. Posner (2010-20)


Sheila Bair
Advisory Board Member and Senior Fellow

William A. Barnett
Director / Advances in Monetary and Financial Measurement

David Beers
Senior Fellow / Sovereign Risk Analysis and Policy

Bradley J. Bondi
Senior Fellow / Legal Studies

Kevin R. Brock
Senior Fellow / Cybersecurity Strategy

Alvin Chua
Senior Advisor

Stephen Dizard
Special Counselor

John D. Feldmann
Senior Fellow

Kate Flanagan
Senior Fellow / Consumer Finance

Peter Flocos, Esq. (Trustee)
Managing Director, Policy and Regulation

Patricia Wilson Fridley
Senior Advisor

Diane B. Glossman
Senior Fellow / Financial Institutions

Lawrence Goodman
President and Founder

Steve H. Hanke
Special Counselor

Steven Lofchie
Senior Fellow / Legal Studies

Robin L. Lumsdaine
Senior Fellow / International Finance

Jack Malvey
Special Counselor

David X Martin
Special Counselor

Ryan Scott Mattson
Research Associate

Nicholas Sargen
Senior Fellow / Global Markets and Investment Management

Charles Schott
Senior Advisor

Kurt Schuler
Senior Fellow / Financial History

Liting Su
Research Associate

Jeff van den Noort
Chief Technology Officer

Yubo Wang
Senior Fellow / Financial Markets