G30 Welcomes Philipp Hildebrand, Kenneth Rogoff, and Tharman Shanmugaratnam to Membership

Washington, DC (PRWEB) June 20, 2008

The Group of Thirty (G30) welcomed three new members of the Group at its spring plenary, which was hosted by the Bank of Israel in Jerusalem on May 24-26, 2008. The new members are: Philipp Hildebrand, Vice Chairman of the Swiss National Bank; Kenneth Rogoff, Professor of Economics at Harvard University; and Tharman Shanmugaratnam, Minister of Finance, Singapore.

Jacob A. Frenkel, Chairman of the G30, said: “We are delighted that these outstanding persons have accepted membership of the Group. I am sure they will make significant contribution to the intellectual life of the G30, our seminars, events and work program in the years ahead.”

Philipp Hildebrand stated: “It is an honor and pleasure to join the G30, I thank the G30 Trustees for extending the invitation.”

Kenneth Rogoff said: “I thank Paul Volcker and Jacob Frenkel for inviting me to join such a distinguished membership. I look forward to contributing to the G30′s work program in the years ahead.”

Minister Tharman Shanmugaratnam responded: “”I feel privileged to be welcomed into the G30′s distinguished network, and look forward to adding what I can to the thinking it brings to global financial issues.”

A full membership list is attached.

The Group of Thirty, formally known as “The Consultative Group on International Economic and Monetary Affairs, Inc.” was founded in 1978. The Group of Thirty is a private, nonprofit, international body composed of senior representatives of the private and public sectors and academia. The Group aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors and to examine the choices available to market practitioners and to policymakers. The Group is led by Paul A. Volcker, Chairman of the Trustees, and Jacob A. Frenkel, Chairman of the Group.

Group of Thirty Members

Paul A. Volcker

Chairman of the Board of Trustees, Group of Thirty

Former Chairman, Board of Governors of the Federal Reserve System

Jacob A. Frenkel

Chairman, Group of Thirty

Vice Chairman, American International Group

Former Governor, Bank of Israel

Geoffrey L. Bell

Executive Secretary, Group of Thirty

President, Geoffrey Bell & Company, Inc.

Montek S. Ahluwalia

Deputy Chairman, Planning Commission of India

Former Director, Independent Evaluation Office, International Monetary Fund

Abdulatif Al-Hamad

Chairman, Arab Fund for Economic and Social Development

Former Minister of Finance and Minister of Planning, Kuwait

Leszek Balcerowicz

Former President, National Bank of Poland

Former Deputy Prime Minister and Minister of Finance, Poland

Jaime Caruana

Counsellor and Director, MCM Department, International Monetary Fund

Former Governor, Banco de Espa

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