IIF Names Marcello Estevão Chief Economist

Washington, D.C. – The Institute of International Finance (IIF) announced that Marcello Estevão has been named Chief Economist, starting in summer 2024, based in Washington, D.C. In this role, Estevão will lead IIF’s world-renowned team of regional macroeconomists in the development, coordination, and production of IIF’s leading economic analysis.

“I’m excited for Marcello to join the IIF as Chief Economist,” said Tim Adams, IIF President and CEO. “His extensive body of research on macroeconomic, geopolitical and financial trends; combined with his unique experience as an economic policymaker, will make him an invaluable asset to our members and to our colleagues – particularly at this inflection point for the global economy.”

“The IIF sits at a unique and highly important juncture of finance, policy, and research; an especially critical role right now given how the finance sector is at the nexus of transformation in an increasingly challenging world,” said Estevão. “The institution has an outstanding reputation for leadership, innovation, and analysis. I’m very much looking forward to coming on board and building on its impressive achievements, while finding new and innovative ways to deliver value to the financial firms, policymakers, and members of the public who rely on IIF’s analysis.”

Estevão has many years of experience as a policymaker and researcher in international and national institutions both in the public and private sectors. He has led work in a wide range of topics, going from sovereign debt crises, fiscal policy issues, climate financing and economic forecasting to obstacles for higher emerging market and developing countries’ productivity growth, inflation risks, capital flow volatility and macroeconomic stabilization strategies. He joins IIF from the World Bank Group, where he has been serving as Senior Advisor for Equitable Growth, Finance, and Institutions and Global Director of Macroeconomics, Trade and Investment. In this role, he oversaw the World Bank’s global macroeconomic agenda and provided strategic intellectual direction for a large team of professionals, working in all regions of the world.

Prior to joining the World Bank, Estevão used his policymaking skills as Deputy Minister for International Affairs at the Ministry of Finance in Brazil, serving as Brazil’s G20 Deputy and leader of numerous international negotiations and positioning at major multilateral institutions. He was also a Board member of Brazil’s third largest pension fund.  

Previously, he worked at Tudor Investment Corporation as its Chief Economist for North America and Oceania, when he interacted with a broad array of portfolio managers, policymakers, and researchers to distill economic and policy events and market positioning into investment strategies; roles of increasing responsibility at the International Monetary Fund (IMF), which included leading negotiations of IMF programs, writing regional and global reports, and doing original academic research; and the Research and Statistics Division of the U.S. Federal Reserve Board as a researcher and member of the US forecasting team.

Estevão holds a PhD in Economics from MIT, as well as master’s and bachelor’s degrees from the Pontifical Catholic University of Rio de Janeiro. He is a Visiting Professor at Georgetown University and has an extensive body of published work in peer-reviewed academic journals, books, policy reports, and media. A native of Brazil, he is fluent in English, Portuguese, Spanish and French.

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About the Institute of International Finance (IIF)

The Institute of International Finance (IIF) is the global association of the financial industry, with about 400 members from more than 60 countries. The IIF provides its members with innovative research, unparalleled global advocacy, and access to leading industry events that leverage its influential network. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial, and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, professional services firms, exchanges, sovereign wealth funds, hedge funds, central banks, and development banks. To learn more about IIF, please visit www.iif.com, follow us on Twitter, LinkedIn or YouTube, or check out IIF’s podcasts.