Program on the World Economy

Co-Chairs

Bowman Cutter joined the Roosevelt Institute in October 2009 as Senior Fellow and Director, Economic Policy Initative after retiring from Warburg Pincus, a major global private equity firm headquartered in New York City, where between 1996 and 2009 he served both as the firm's economist and as a leader in its international business, with particular reference to Asia.

Mr. Cutter served with distinction during two Democratic presidencies -- at the National Economic Counci, from 1993 to 1996 and from 1976 to 1981, at the Office of Management and Budget. Mr. Cutter also served as leader of the OMB transition team after the election of President Obama.

Mr. Cutter is currently the Chairman of the Board of CARE, the global development organization (where he has been a member of the Board for 13 years); and is a founder and current Chairman of MicroVest, a leading global microfinance fund with assets under management now in excess of $100 million. In addition, Mr. Cutter is a member of the Governing Council of the IFMR Trust, in India, focusing upon market-based solutions to the problems of severe poverty in India.

Mr. Cutter is Chairman of the Board of Resources for the Future, one fo the most important energy and evnironmental research institutes in the world; member of the executive committee and immediate past co-chairman of the Committee for Economic Development, the leading business "think-tank" in the United States; and a board member of the Russell Sage Foundation. In addition, he is a member of the New York Council on Foreign Relations.

John Lipsky in January 2012 became a distinguished visiting scholar in the International Economics Program of John Hopkins University's Paul H. Nitze School of Advanced International Studies (SAIS), based in Washington, DC.

Previously, Mr. Lipsky had served a five-year term as the International Monetary Fund's First Deputy Managing Director. During May-July 2011, he served as the Acting Managing Director. Subsequently, Mr. Lipsky served three months as a Special Advisor to IMF Managing Director Christine Lagarde, helping to prepare the Fund's participation in the November, 2011 G20 Leaders Summit in Cannes, France.

Prior to joining becoming the IMF’s First Deputy MD in September 2006, Mr. Lipsky had been Vice-Chairman of the JPMorgan Investment Bank. Previously, he had been JPMorgan’s Chief Economist, after having served as Chief Economist and Director of Research for Chase Manhattan Bank. Before joining Chase in January, 1997, Mr. Lipsky spent thirteen years at Salomon Brothers, Inc., the last five as Chief Economist. From 1989 to 1992, Mr. Lipsky was based in London, where he directed Salomon Brothers' European Economic and Market Analysis Group. Before joining Salomon Brothers in 1984, Mr. Lipsky spent a decade at the IMF, where he helped to manage the IMF’s exchange rate surveillance procedure, participated in negotiations with several emerging and developing countries, and during 1978-80, served as the IMF's Resident Representative in Chile.

Mr. Lipsky's current professional activities include serving as a Non-Executive Director of HSBC Holdings, plc. He also serves as a Director of the National Bureau of Economic Research (NBER), as a member of the Advisory Board of the Stanford Institute for Economic Policy Research (SIEPR) and a Director of the Center for Global Development. He is a member of the Council on Foreign Relations