Dr Jacob A Frenkel is Chairman of JPMorgan Chase International, Chairman of the Board of Trustees of the Group of Thirty (G-30) and Chairman of the Board of Governors of Tel Aviv University. Previously he served as Vice Chairman of American International Group (2004-2009) and Chairman of Merrill Lynch International (2000-2004). He served two terms as the Governor of the Bank of Israel (1991-2000). He is credited with reducing inflation in Israel and achieving price stability, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system.
He was the Economic Counselor and Director of Research at the International Monetary Fund (1987-1991) and the David Rockefeller Professor of International Economics at the University of Chicago (1973-1987). He is a Laureate of the 2002 Israel Prize in Economics, and a recipient of numerous prizes, honors and awards from various Universities and Governments. He also served as Chairman of the Board of Governors of the Inter- American Development Bank (1995-1996) and as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development (1999-2000). He is also a Fellow of the Econometric Society and a Foreign Honorary Member of the American Academy of Arts and Sciences.
He holds a BA in Economics and Political Science from the Hebrew University of Jerusalem, and an MA and PhD in Economics from the University of Chicago.