Jacob A. Frenkel is a global economic leader, with more than 40 years of experience in global macroeconomics and advising large financial institutions. He is a former Governor of the Bank of Israel, and has been the Chairman of JPMorgan Chase International and a member of the International Council of JPMorgan Chase & Co since 2009. He also serves as Chairman of the Board of Trustees of the Group of Thirty (G-30), a private non-profit consultative group on international economic and monetary affairs.
From 2001 to 2011 Frenkel was Chairman and CEO of the G-30, from 2004-2009 Vice Chairman of American International Group, Inc., and from 2000-2004 Chairman of Merrill Lynch International, and Chairman of Merrill Lynch’s Sovereign Advisory and Global Financial Institutions Groups. Prior to that, he served for two terms as Governor of the Bank of Israel from 1991 to 2000, and is credited with reducing inflation in Israel, achieving price stability, liberalising Israel’s financial markets, removing foreign exchange controls and integrating the Israeli economy into the global financial system.
Before his tenure as Governor, Frenkel was Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development from 1999-2000, and Chairman of the Board of Governors of the Inter-American Development Bank 1995-96. He served from 1987-91 as the Economic Counsellor and Director of Research at the International Monetary Fund, and from 1973-87 he was the David Rockefeller Professor of International Economics and Editor of the Journal of Political Economy at the University of Chicago.
He is currently a director of Loews Corporation, one of the largest diversified holding companies in the United States, and a director of Boston Properties, Inc. He is the Chairman of the Advisory Board at Shamrock Israel Growth Fund, and Chairman of the Board of Governors of Tel-Aviv University. He is also a Member of Advisory Board at IJ Partners, and Corsair Capital LLC.
Frenkel has received multiple awards, including the 2002 Israel Prize in Economics, the Tel-Aviv University Hugo Ramniceanu Prize for Economics, the Czech Karel Englis Prize in Economics, the “Order de Mayo al Merito” decoration from the Government of Argentina, and the “Order of Merit” decoration from the Republic of Italy. He is also a recipient of several Honorary Doctoral degrees and other decorations and awards, including the ‘1993 Economic Policy Award’ by Emerging Markets and the ‘1997 Central Banker of the Year Award’ by Euromoney. He is the author of numerous books and articles in the fields of International Economics and Macro-Economics, including \’International Taxation in an Integrated World\’ (2008).