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Jacob Frankel
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Jacob Frenkel
Chairman of JPMorgan Chase International



Jacob Frenkel (Hebrewיעקב אהרן פרנקל‎; born in 1943) is the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000.

Frenkel earned a B.A. in economics and political science at the Hebrew University of Jerusalem, and an M.A. and Ph.D. in economics at the University of Chicago. He earned his Ph.D. in 1970 with thesis titled Money, Wealth and the Balance of Payments in a Model of Accumulation.

 He also serves as Chairman and CEO of the Group of Thirty (G-30), which is a private, nonprofit, consultative group on international economic and monetary affairs.

Frenkel served from 2004 to 2009 as Vice Chairman of American International Group (AIG) and from 2000 to 2004 as Chairman of Merrill Lynch International, as well as Chairman of Merrill Lynch’s Sovereign Advisory and Global Financial Institutions Groups. Between 1991 and 2000 he served two terms as the Governor of the Bank of Israel. 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. During 1995-1996, Frenkel served as Chairman of the Board of Governors of the Inter-American Development Bank and, during 1999-2000, as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development.

Frenkel won the 2002 Israel Prize in Economics. He received the Tel-Aviv University Hugo Ramniceanu Prize for Economics, the Czech Karel Englis Prize in Economics, the “Order de Mayo al Merito” (in the rank of Gran Cruz) decoration from the Government of Argentina and the “Order of Merit” (in the rank of Cavaliere di Gran Croce) decoration from the Republic of Italy. He is also a recipient of several Honorary Doctoral degrees and other decorations and awards, including the “1993 Economic Policy Award” by “Emerging Markets” and the “1997 Central Banker of the Year Award” by “Euromoney”.

image and text: Wikipedia
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