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June 16, 2015

Washington, D.C., June 16, 2015 - The Institute of International Finance today announced that Clay Berry will join as Chief Economist for Europe effective August 17.

Berry currently serves as the U.S. Department of the Treasury's Financial Attaché in Moscow. Berry represents the Treasury Department in Russia and the Commonwealth of Independent States (CIS), advancing the Treasury's interests in the region.

"Developments in Europe, especially Emerging Europe, will be a dominant theme in the global economy for the foreseeable future," said Tim Adams, president and CEO of the IIF. "Clay's experience and contacts throughout the region will be a vital asset to the IIF and its members."

In her new role, Berry will lead the team providing economic analysis for Europe, covering topics including the short-and medium-term outlook, external financing and capital flows, policy assessment, financial stability, and the key risk factors affecting the region and the individual countries. She will report to Charles Collyns, chief economist for the IIF.

"Europe remains a key focus of the IIF's economic work and we are delighted that Clay has agreed to join us," said Collyns. "Clay's expertise and insights will prove invaluable resources to our coverage of the region."'

Berry previously served in various positions at the Treasury Department, including Director of the Office of African Nations and the International Monetary Policy Office, where she focused on IMF policies and programs and helped manage Treasury's participation in the G-7 and the G-20. Berry began her Treasury career in the Office of Debt Management, providing advice on domestic debt management policies. Prior to joining Treasury, Clay worked in the Markets Group at the Federal Reserve Bank of New York and was a consultant at the World Bank.

Berry holds a Masters of International Affairs from Columbia University's School of International and Public Affairs, and a BA from Bowdoin College.

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The Institute of International Finance is the global association for the financial industry, with close to 500 members from 70 countries. 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. Within its membership IIF counts leading global banks, insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies. For more information visit www.iif.com.

Media Contacts

Dylan Riddle

Tel: +1 202.857.3626

Email: driddle@iif.com

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