BCA’s New York Investment conference brings together some of the world's leading investment experts. For 2019, we've assembled economists, academics and politicians who will share their ideas and investment strategies to shape the conviction with which you make investment decisions.


President and CEO of the Federal Reserve Bank of New York, and Vice-Chairman of the Federal Open Market Committee (2009-2018)


William C. Dudley served as 10th president and chief executive officer of the Federal Reserve Bank of New York and as the vice chairman and a permanent member of the Federal Open Market Committee (FOMC), the group responsible for determining the nation’s monetary policy, from January 2009 until June 2018.


Previously, Dudley served as executive vice president of the Markets Group at the New York Fed and served as the System Open Market Account Manager for the FOMC. The Markets Group oversees domestic open market and foreign exchange trading operations and the provisions of account services to foreign central banks and serves as the Fed’s primary eyes and ears on financial markets.

Prior to joining the Bank in 2007, Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm's chief U.S. economist for a decade. Before joining Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Dudley was an economist at the Federal Reserve Board from 1981 to 1983.

Dudley received his doctorate in economics from the University of California, Berkeley in 1982, and a bachelor's degree from New College of Florida in 1974.

Dudley was chairman of the Committee on the Global Financial System of the Bank for International Settlements (BIS) for six years from 2012 and served as chairman of the former Committee on Payment and Settlement Systems of the BIS from 2009 to 2012. He was a member of the board of directors of the BIS from 2009 to 2018.

Alberto Gallo

Partner and Head of Global Macro Strategies, Algebris Investments


Alberto Gallo is partner and portfolio manager at Algebris Investments, where he runs the Algebris Macro Credit Fund. He is also an economist and over the years, Alberto has highlighted ways to improve our financial system, to make it more equal and sustainable, and to prevent future crises. He previously worked as a macro economist in London at RBS and Merrill Lynch and in New York at Goldman Sachs.


Alberto is active in the financial policy debate as an advisor to central banks and regulators on macro financial stability and as a frequent contributor to the Financial Times, the Wall Street Journal, the World Economic Forum, and a Bloomberg View columnist. He is a CFA charterholder. Alberto is also a guest faculty at Bocconi University where he earned an MSc in Economics and prior to that he served in the Navy, where he was a national track & field champion.

Stephanie Kelton

Professor of Public Policy and Economics, Stony Brook University


Stephanie Kelton is a leading authority on Modern Monetary Theory, a new approach to economics that is taking the world by storm. She is one of the most important economists influencing the policy debate today. Her new book, But How Will We Pay for It? Modern Monetary Theory and the Deficit Myth (spring 2020), shows how to break free of the myths and misunderstandings about money and the role of taxes, debt and deficits that have hamstrung policymakers around the world.


She is a regular contributor at Bloomberg Opinion, and she has written for The New York Times, The Los Angeles Times, U.S. News & World Reports, CNN, and others.


Stephanie has worked in academia and in the politics. She served as chief economist on the U.S. Senate Budget Committee (Democratic staff) in 2015 and as a senior economic adviser to Bernie Sanders’s 2016 presidential campaign.


Professor Kelton is Professor of Economics and Public Policy at Stony Brook University. She was previously Chair of the Department and Professor of Economics at the University of Missouri, Kansas City.

Richard C. Koo

Chief Economist, Nomura Research Institute

Mr. Richard C. Koo is the Chief Economist of Nomura Research Institute. Best known for developing the concept of balance sheet recession which is now widely used around the world to explain post-1990 Japanese and post-2007 Western economies, he has also advised successive prime ministers on how best to deal with Japan's economic and banking problems.

Before joining Nomura, Mr. Koo, a US citizen, was an economist with the Federal Reserve Bank of New York (1981-84) and a Doctoral Fellow of the Board of Governors of the Federal Reserve System (1979-81). Author of many books on Japanese economy and economics in general, his 2008 book “The Holy Grail of Macroeconomics - Lessons from Japan’s Great Recession” (John Wiley & Sons) has been translated into and sold in six different languages. His latest book ”The Other Half of Macroeconomics and the Fate of Globalization” (John Wiley & Sons) has been published in February 2018.

Mr. Koo holds BAs in Political Science and Economics from the University of California at Berkeley (1976), and MA in Economics from the Johns Hopkins University (1979). From 1998 to 2010, Mr. Koo was a visiting professor at Waseda University in Tokyo.

Nellie Liang

Miriam K. Carliner Senior Fellow in Economic Studies at the Brookings Institution

Nellie Liang is the Miriam K. Carliner Senior Fellow in Economic Studies at the Brookings Institution. She also is a Visiting Scholar at the International Monetary Fund, Lecturer at the Yale School of Management, and is a member of the Congressional Budget Office’s Panel of Economic Advisors. Prior to joining Brookings in February 2017, she was the founding director of the Division of Financial Stability at the Federal Reserve Board. Ms. Liang’s research specialties in recent years include financial stability, credit markets, and the intersection of financial and monetary policy. She speaks frequently at research and industry conferences, and has published papers in top-tier journals, including the Journal of Finance, Journal of Financial Economics, Journal of Public Economics, and the International Journal of Central Banking. She holds a Ph.D. in economics from the University of Maryland, and a B.A. in economics from the University of Notre Dame.

Russell Napier

Co-Founder of the Investment Research Portal ERIC


Professor Russell Napier is author of The Solid Ground investment report and co-founder of the investment research portal ERIC. He has worked in the investment business for twenty-six years and has been writing global macro strategy for institutional investors since 1995. Russell is author of Anatomy of The Bear: Lessons From Wall Street’s Four Great Bottoms and founder and course director of the Practical History of Financial Markets at The University of Edinburgh. Russell is on the board of two listed investment trusts, a member of the Investment advisory committees of three fund management companies and an advisor to a family office. In 2014 he founded the Library of Mistakes a business and financial history library in Edinburgh. Russell has degrees in law from Queen’s University Belfast and Magdalene College Cambridge is a Fellow of The CFA Society of the UK and is an Honorary Professor at both Heriot-Watt University and The University of Stirling.

Jens Nordvig

Founder & CEO at Exante Data Inc.


Exante Data and Exante Advisors were founded by Jens Nordvig in 2016. Jens has an 18-year track record as a leading market economist and strategist. He was ranked #1 in currency strategy by Institutional Investor five years in a row (2011-2015). Exante Data provides analytical tools and smart data solutions to institutional investors globally. Exante Advisors provides discretionary macro strategy to CIOs of a select number of high profile macro-focused investment managers. Jens serves as CEO of both companies.


Jens Nordvig is a published author and finalist in the Wolfson Economics Prize in 2012 and recipient of the Rybczynski Young Economist Prize in 2001. He holds a Master's and a PhD in economics from University of Aarhus and University of Southern Denmark respectively (Thesis: Essays on the Euro Crisis). He is a frequent contributor to leading business news outlets like The Wall Street Journal, Bloomberg and CNBC.


Jens Nordvig was previously a Managing Director at Goldman Sachs, a Senior Investment Associate at Bridgewater Associates and Head of Fixed Income Research and Global Currency Strategy at Nomura Securities.


Senior Fellow and Director for Chinese Strategy at the Hudson Institute


Born in California in 1945, Michael Pillsbury was educated at Stanford University (B.A. in History with Honors in Social Thought) and Columbia University (M.A., Ph.D.). Major academic advisers to Pillsbury at Columbia were Zbigniew Brzezinski and Michel Oksenberg, who later played key roles in the Jimmy Carter administration on policy toward both China and Afghanistan. Pillsbury studied the art and practice of bureaucratic politics with Roger Hilsman, President John Kennedy's intelligence director at the State Department and the author of Politics Of Policy Making In Defense and Foreign Affairs. At Stanford, Pillsbury's academic mentor was Mark Mancall, author of two books on the influence of ancient traditions on Chinese foreign policy.


In 1969-1970 Michael Pillsbury was the Assistant Political Affairs Officer at the United Nations. From 1971-72, he was a doctoral dissertation Fellow for the National Science Foundation in Taiwan, and in 1973-1977, Pillsbury was an analyst at the Social Science Department at RAND. In 1978, Pillsbury was a research fellow at the Center for Science and International Affairs at Harvard University.


During the Reagan administration, Dr. Pillsbury was the Assistant Under Secretary of Defense for Policy Planning and responsible for implementation of the program of covert aid known as the Reagan Doctrine. In 1975-76, while an analyst at the RAND Corporation, Michael Pillsbury published articles in Foreign Policy and International Security recommending that the United States establish intelligence and military ties with China. The proposal, publicly commended by Ronald Reagan, Henry Kissinger, and James Schlesinger, later became US policy during the Carter and Reagan administrations.


Pillsbury served on the staff of four US Senate Committees from 1978-1984 and 1986-1991. As a staff member, Pillsbury drafted the Senate Labor Committee version of the legislation that enacted the US Institute of Peace in 1984. He also assisted in drafting the legislation to create the National Endowment for Democracy and the annual requirement for a DOD report on Chinese military power.


In 1992, under President George H. W. Bush, Pillsbury was Special Assistant for Asian Affairs in the Office of the Secretary of Defense, reporting to Andrew W. Marshall, Director of Net Assessment. Michael Pillsbury is a member of the Council on Foreign Relations and the International Institute for Strategic Studies.


Pillsbury now serves as a Senior Fellow and Director for Chinese Strategy at the Hudson Institute, which challenges conventional thinking and helps manage strategic transitions to the future through interdisciplinary studies in defense, international relations, economics, health care, technology, culture, and law.


Pillsbury is the author of China Debates the Future Security Environment (NDU Press, 2000), The Hundred-Year Marathon: China’s Secret Strategy to Replace America as the Global Superpower, and editor of Chinese Views of Future Warfare (NDU Press, 1998).

Valérie Plagnol

CEO, Vision & Perspectives


Valérie Plagnol is CEO of Vision & Perspectives, a consulting company she founded after serving as Chief Strategist and Economist for leading French, European, and global financial institutions. V&P advises leading financial institutions, insurance companies, and fintech platforms on global macroeconomic trends, offering strategic advice and investment solutions. Her regular commentaries on global economics, asset allocation, and topical issues appear in major media publications and platforms. A regular contributor to BFM Business, and leading European business and media outlets, Ms. Plagnol’s views enjoy a wide following.


Ms. Plagnol is a non-executive member of the Board of Directors of Le Conservateur, a mutual insurance and asset management company, and chairs the Cercle des Epargnants (Association of Pension Policyholders with Generali France). Her professional affiliations include two terms as President of the Société d’Economie Politique (France) and a longstanding membership in the US Conference of Business Economists. She is a member of the Scientific Committee of the Foundation Robert Schumann for European Studies.


Appointed by the President of the French Senate to a five year term, Ms. Plagnol is currently a member of the High Council of Public Finances; previously she served on the Conseil d’Analyse Economique (“Wise Men”) to the French Prime Minister. During her tenure she co-authored studies on the French housing sector, and the impact of China’s economy on France. She continues to publish work on both areas.


Prior to founding V&P, Ms. Plagnol worked in senior roles as an economist and strategist at Credit Suisse Private Bank, HSBC France, Credit Suisse First Boston (London), CIC Securities, and Nomura Securities.


Ms. Plagnol speaks English, French, and Japanese and is a graduate of the Institut d’Etudes Politiques (Sciences-Po Paris), the Institut des Langues Orientales (INALCO Paris, Japanese), Keio University in Tokyo, with an Executive MBA from HEC Paris. She teaches macroeconomics and asset allocation at EDHEC School of Business in Paris.

Raghuram Rajan

Professor of Finance, University of Chicago Booth School of Business


Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. He was the Governor of the Reserve Bank of India (2013-2016), the Vice-Chairman of the Board of the Bank for International Settlements (2015- 2016), and the Chief Economist and Director of Research at the International Monetary Fund (2003-2006). 


Dr. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. His books include Saving Capitalism from the Capitalists (2003, with Luigi Zingales), Fault Lines: How Hidden Fractures Still Threaten the World Economy (2010, Financial Times-Goldman Sachs best business book), I Do What I Do (2017, a collection of speeches and essays written during his tenure as the Governor of Reserve Bank of India), and The Third Pillar: How Markets and the State leave the Community Behind (2019).


Dr. Rajan was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences and the Group of Thirty. His awards include the AFA inaugural Fischer Black Prize for the best finance researcher under the age of 40 (2003), the Deutsche Bank Prize for Financial Economics (2013), Euromoney magazine’s Central Banker of the Year Award (2014), The Banker magazine's Global Central Banker of the Year award (2016). In 2016, Time magazine chose Dr. Rajan as one of the 100 most influential people in the world.

Amy Raskin

Chief Investment Officer, Chevy Chase Trust

As Chief Investment Officer, Amy is responsible for leading the development and management of Chevy Chase Trust’s investment strategy, process, and execution.

Prior to Chevy Chase Trust, Amy was Senior Vice President at AllianceBernstein in New York, serving as Director of Thematic Research, head of U.S. & Global Growth Equity Research and Chief Investment Officer of AllianceBernstein Venture Capital Fund. Amy also led AllianceBernstein’s Research on Strategic Change group. The group published in-depth research papers on a wide range of investment related topics such as climate change, China, molecular medicine, hybrid autos and broadband, among others. Amy joined AllianceBernstein in 2000 as an equity analyst and spent 13 years there focused on deep research and thematic investing. Earlier, she worked as an investment banker at Lehman Brothers and as a research analyst at Donaldson, Lufkin & Jenrette.

Amy graduated from the University of Pennsylvania’s School of Engineering and Applied Science with a major in Engineering and a minor in Management from the Wharton School. She is active in the Penn Alumni Association and is a member of The Council of Penn Women.

Anthony Scaramucci

Founder and Co-Managing Partner, SkyBridge Capital


Anthony Scaramucci is the Founder and Co-Managing Partner of SkyBridge Capital. He is the author of four books: The Little Book of Hedge Funds, Goodbye Gordon Gekko, Hopping Over the Rabbit Hole (a 2016 Wall Street Journal best seller), and Trump: The Blue-Collar President.  


Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001. Earlier, he was a vice president in Private Wealth Management at Goldman Sachs & Co.


In 2016, Scaramucci was ranked #85 in Worth Magazine’s Power 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year – New York” Award in the Financial Services category. Anthony is a member of the Council on Foreign Relations (CFR), vice chair of the Kennedy Center Corporate Fund Board, a board member of both The Brain Tumor Foundation and Business Executives for National Security (BENS), and a Trustee of the United States Olympic & Paralympic Foundation. He was a member of the New York City Financial Services Advisory Committee from 2007 to 2012.


In November 2016, he was named to President-Elect Trump’s 16-person Presidential Transition Team Executive Committee. In June 2017, he was named the Chief Strategy Officer of the EXIM Bank. He served as the White House Communications Director for a period in July 2017.


Scaramucci, a native of Long Island, New York, holds a Bachelor of Arts degree in Economics from Tufts University and a Juris Doctor from Harvard Law School.

Lisa Shalett

Chief Investment Officer and Head of Wealth Management Investment Resources, Morgan Stanley Wealth Management


Lisa Shalett is Chief Investment Officer and Head of Wealth Management Investment Resources for Morgan Stanley Wealth Management and a member of both the Global Investment Committee and the Wealth Management Operating Committee. She works to develop portfolio solutions that leverage the firm's strategic and tactical asset allocation advice to meet client goals delivered through both scaled and customized solutions.   


As part of her role, Lisa leads the development of all asset allocation models, global investment due diligence and portfolio analytics. She also has responsibility for managing the Global Investment Committee's models and Outsourced Custom Investment Office mandates, which collectively have more than $100 billion in assets under management. In addition, Lisa is responsible for Morgan Stanley Wealth Management thought leadership and publishes special reports on topics of importance for practitioners and clients.


Prior to joining the firm in September 2013, Lisa served as chief investment officer of Bank of America Merrill Lynch Global Wealth Management. Previously, she held several senior roles at AllianceBernstein during her 18-year tenure with the firm, including chairman and chief executive officer of Sanford C. Bernstein, LLC, and served as chief investment officer and head of Alliance Growth Equities. Lisa holds a dual Sc.B. degree in applied mathematics and economics from Brown University and an MBA from Harvard Business School. She is a Henry Crown fellow of the Aspen Institute and a founding member of the Financial Fellowship.

Ruchir Sharma

Head of Emerging Markets and Chief Global Strategist, Morgan Stanley Investment Management

Ruchir Sharma is Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management. He typically spends one week every month in a different country where he meets leading politicians, top CEOs and other local characters.   

Sharma has been a writer for even longer than he has been an investor. He is currently a contributing opinion writer with The New York Times. His most recent book, Democracy on the Road: A 25-Year Journey through India, was released in February 2019. The Rise and Fall of Nations: Forces of Change in the Post-Crisis World, was released in June 2016 and instantly became a New York Times best seller. In 2012, his first book, Breakout Nations: In Pursuit of the Next Economic Miracles, debuted as the number one bestseller in India, and earned Sharma the Tata Literature Live! First Book Award for 2012. Breakout Nations also made the Wall Street Journal hardcover business bestseller list, and was chosen by Foreign Policy as one of its “21 Books to Read in 2012”.

Sharma started writing at the age of 17 for India's largest economic daily, The Economic Times and his writings have been frequently published in The Wall Street Journal, The Financial Times and The Times of India. His essays have also appeared in Foreign Affairs, Time, Washington Post, Foreign Policy, Forbes and Bloomberg View. For much of the last decade he had been a contributing editor with Newsweek, where he wrote a regular column titled 'Global Investor'.

Bloomberg named Sharma one of the top 50 Most Influential people in the world in October 2015. In 2012, Sharma was selected as one of the top global thinkers by Foreign Policy magazine and in June 2013, India's premier weekly magazine Outlook named Sharma as one of The World's 25 Smartest Indians. The World Economic Forum in Davos selected him as one of the world’s “Top Young Leaders” in 2007. GQ India also named Sharma the Global Indian of the Year in 2016.

Sharma's other interests include athletics and a serious commitment to running. Despite his extensive travels, he tries not to miss a single day of training no matter where he is in the world. He regularly trains with his former Olympics coach and competes in sprinting events. In 2011, he represented India in the World Masters Athletic championship in Sacramento. Sharma also has a keen interest in wildlife and in international cinema and makes it a point to attend major film festivals anytime he can find a moment from his investing, writing and running.

Max Tegmark

Professor, Massachusetts Institute of Technology


Max Tegmark is a professor doing physics and AI research at MIT, and advocates for positive use of technology as president of the Future of Life Institute. He is the author of over 250 publications as well as the New York Times bestsellers “Life 3.0: Being Human in the Age of Artificial Intelligence” and "Our Mathematical Universe: My Quest for the Ultimate Nature of Reality". His work with the Sloan Digital Sky Survey on galaxy clustering shared the first prize in Science magazine’s “Breakthrough of the Year: 2003.” 

Mark M. Zandi

Chief Economist, Moody's Analytics


Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a cofounder of Economy.com, which Moody’s purchased in 2005.   


Dr. Zandi’s broad research interests encompass macroeconomics, financial markets and public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.


A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.


Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.


Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.


Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.

Investment Conference 2019

NEW YORK CITY, GRAND HYATT | 26-27 September