The Federal Reserve Bank of New York announced Feb. 5, 2021m that Daleep Singh, head of its Markets Group, has stepped down from his role as Head of the Markets Group and will be leaving the Bank in mid-February to join the Biden Administration as Deputy National Security Advisor.
“Daleep brought his dedication to public service and leadership skills to the New York Fed and had a meaningful impact during his tenure,” John C. Williams, president and chief executive officer of the New York Fed is quoted saying in a press release. “Over the past year, Daleep has played a critical leadership role in the emergency facilities the Fed launched in response to COVID-19.”
Singh joined the New York Fed in February 2020. As Head of the Markets Group, he focused on bringing together policy, strategy, analysis and operational effectiveness. He also served as a member of the Executive Committee, the New York Fed said in a press release.
Previously, Singh was Senior Partner and Chief U.S. Economist at SPX Capital, a global investment firm.
Singh also worked at the U.S. Department of the Treasury for most of the Obama administration, where from 2011 to 2017, he was the Acting Assistant Secretary for Financial Markets and Deputy Assistant Secretary for International Affairs.
Singh graduated from Duke University with a degree in economics and public policy. He has Masters dgrees in Business Administration and Public Administration from the Harvard Kennedy School and MIT respectively.