FOR IMMEDIATE RELEASE
May 31, 2022
The Economic Club of New York Announces Recipients of the 2022 Peter G. Peterson Leadership Excellence Award
Roger Ferguson and Stanley Fischer to be honored at an event on June 27th.
New York, NY – May 31, 2022 – The Economic Club of New York is pleased to announce its 2022 annual Peter G. Peterson Leadership Excellence Award is being presented to Roger Ferguson and Stanley Fischer in recognition of their distinguished careers–both of whom served as Vice Chairs of the Board of Governors of the Federal Reserve among their many accomplishments in the public and private sectors.
The prestigious recognition is bestowed upon former or current policy makers whose exemplary achievements in public service have protected and enhanced the free-market system, expanded employment, and enabled robust economic growth. Recipients stand in good company among previous winners including George P. Shultz, Paul Volcker, Alice Rivlin, Alan Greenspan, and Henry Kissinger.
Mr. Ferguson is hailed as the unsung hero during the 9/11 crisis for his leadership at the Federal Reserve during an unprecedented time when financial markets were under extreme stress. He served as CEO and President of TIAA between 2008 and 2021. During Mr. Ferguson’s tenure, he guided TIAA, a Fortune 100 organization and the largest provider of retirement services to the educational, cultural, medical and research community, as it increased assets under management and administration from to nearly $1.3 trillion from less than $500 billion while navigating the crises of 2008-2009 and 2020-2021. According to John C. Williams, Chair of The Economic Club of New York and President of the Federal Reserve Bank of New York, “After a remarkable career at the Federal Reserve and in the financial sector, Roger continues to share his wisdom and extraordinary judgment on many corporate, financial, academic and non-profit boards. I could not be more delighted to present such a significant honor to such an exemplary leader.”
In his numerous roles—as Governor of the Bank of Israel navigating successfully through the Global Financial Crisis, as First Deputy Managing Director of the IMF, as Chief Economist at the World Bank, and leadership positions in the private sector—Mr. Fischer has played a central role in the global economy and markets throughout his incredible career. Mr. Williams added, “Stan has had an extraordinary career as a central bank leader, a thought leader, and a teacher, with both Ben Bernanke and Mario Draghi being among his former students. It is noteworthy that both of these exceptional leaders brought to their public service responsibilities the unique skills and experience they acquired through their many successes in the private sector to the benefit of all of us."
Barbara Van Allen, President and CEO of The Economic Club of New York, said, “We are excited to pay homage to Roger and Stan for their varied and distinguished careers and their support of the mission of the Club throughout their illustrious careers."
The Economic Club of New York will invite its members and their invited guests to a formal presentation at an event in Manhattan on June 27th.
The Leadership Excellence Award was inaugurated in 2011 originally through a generous personal gift from the late Peter G. Peterson, former Chair and long-time member of the Economic Club of New York. In 2021, the award was re-named to pay homage to its creator.
The now Peter G. Peterson Leadership Excellence Award has furthered the Club’s reputation as a leader in fostering and promoting sound economic and public policy. Today, the platform is also utilized as an avenue to engage and educate future generations of leaders on the importance of sustainable economic policy in a complex and ever-changing world.
About The Economic Club of New York:
For 115 years, the Economic Club of New York has been one of the premier speaking platforms for economic policy addresses. Major figures of their time have used its podium to announce policy initiatives, from Nikita Khrushchev's speech on trade during his historic 1959 visit to the United States to John F. Kennedy making his case for tax cuts in 1962 to Chinese Premier Zhu Rongji predicting China would join the World Trade Organization in 1999.
The non-partisan organization has nearly 1,200 members from academia, business, finance and government. For more information: www.econclubny.org