ECONOMIC CLUB OF NEW YORK ELEVATES JOHN C. WILLIAMS TO CHAIRMAN AND ANNOUNCES THREE NEW TRUSTEES OF THEIR BOARD OF DIRECTORS

July 1, 2020, New York City, NY -- On June 24, the Economic Club of New York announced the election of John C. Williams to the chairman of its board of directors. In addition, three new trustees joined the board: Lee S. Ainslie, Ajay Banga, and Stephanie Cohen.

“It is an honor to help lead the Economic Club of New York,” noted Williams. “The ECNY has a long history of surfacing and discussing the issues most critical to our nation’s economy, which has never been more important than during these difficult times. I look forward to building on that legacy and furthering this important dialogue.”

Williams is President & CEO of the Federal Reserve Bank of New York and serves as the vice-chairman and a permanent member of the Federal Open Market Committee. Williams holds a Ph.D. in economics from Stanford University, an M.S. degree from the London School of Economics, and an A.B. from the University of California at Berkeley.

Barbara Van Allen, President of the Economic Club of New York added, “At pivotal points in our 113 year Club history, we have had the honor of having the President and CEO of the New York Federal Reserve Bank serve as its chair and we are delighted to see this continue with John’s very able leadership for the next two years.”

In addition to Williams becoming chairman, three other Economic Club members joined the board. They include:

Lee S. Ainslie, III, who is the founder and managing partner of Maverick Capital. In addition to his service to the Economic Club of New York, he serves on the boards of the Robin Hood Foundation, the Partnership for New York City, the New York-Presbyterian Hospital, and the Episcopal High School in Alexandria, VA. Ainslie is a graduate of the University of Virginia and holds an M.B.A. from the University of North Carolina.

Ajay Banga is chief executive officer of Mastercard and a member of its board of directors. He will become executive chairman of the board of directors on January 1, 2021. In addition to his service on the Board of the Economic Club of New York, Banga is a co-founder of The Cyber Readiness Institute, first vice-chairman of the International Chamber of Commerce, a trustee of the United States Council for International Business, a founding trustee of the U.S.-India Strategic Partnership Forum, a member of the U.S.-India CEO Forum, is Chairman Emeritus of the American India Foundation, a fellow of the Foreign Policy Association, a member of the board of overseers of the Weill Cornell Medical College and serves as a director of Dow Inc.’s compensation and governance committees. He is a graduate of Delhi University and the Indian Institute of Management, Ahmedabad.

Stephanie Cohen is Goldman Sachs’ Chief Strategy Officer and a member of the Management Committee. Ms. Cohen is a member of the Firmwide Asset Liability Committee and Global Inclusion & Diversity Committee, serving as Co-Global Executive Sponsor of the Women's Network. In partnership with divisional leaders, Cohen drives strategy and M&A for the firm and embeds diversity and innovation into the firm’s businesses. In addition to her service on the Board of the Economic Club of New York, she also serves on the National Board of Directors of CollegeSpring and the Board of Quill.org.

For more information on the Economic Club of New York, visit www.econclubny.com and follow the Club on Facebook, Twitter, LinkedIn, and Instagram.

About Economic Club of New York
The Economic Club of New York is a membership organization with members drawn from the top executive levels of business, industry and finance. The purpose of the Club is to promote the study and discussion of social, economic and political questions. Founded in 1907, the Club has served ever since as a major forum for discussion on a wide range of public issues of interest to business people. The Club is nonpolitical, nonpartisan and nonprofit. Its membership (individual, not corporate) of over 1,200 is drawn primarily from the senior leadership ranks of the business and financial communities and the associated professions. Its individual members represent a wide diversity of opinion.