New York: President Joe Biden has named Indian American economist Daleep Singh as Deputy National Security Adviser and Deputy National Economic Council Director of his administration. He will step down from his present role as head of markets group of the Federal Reserve Bank of New York in mid February. “Daleep brought his dedication to public service and leadership skills to the New York Fed and had a meaningful impact during his tenure,” John C. Williams, president and chief executive officer of the New York Fed, said in a statement.
“Over the past year, Daleep has played a critical leadership role in the emergency facilities the Fed launched in response to Covid-19,” Williams added. “I’m thrilled that he will continue to leverage his knowledge and expertise in support of economic policy at this important time.” Singh, whose great grand-uncle Dalip Singh Saund was the first Indian American and Asian American elected to serve in the US Congress, joined the New York Fed in February 2020. As head of the markets group, he focused on bringing together policy, strategy, analysis and operational effectiveness. He also served as a member of the executive committee, the NY Fed said in a statement.
Previously, the 45-year-old Singh was senior partner and chief US economist at SPX Capital, a global investment firm. He also worked at the US Department of the Treasury from 2011 to 2017, serving as acting assistant secretary for financial markets and deputy assistant secretary for international affairs during President Barack Obama administration, helping to shape the Treasury Department’s crisis response to Ukraine, Russia, Greece and Puerto Rico.
Singh also directed the Treasury Department’s markets room, which provided real-time and thematic analysis for senior officials. Prior to his tenure at the Treasury Department, Singh worked for Goldman Sachs from 2003 to 2007 and again from 2008 to 2011. He was also a partner at Element Capital Management from 2007 to 2008. Singh is a former adjunct senior fellow at the Center for New American Security and the Atlantic Council. He was also an adjunct professor of geoeconomics at Johns Hopkins School of Advanced International Studies. In his new role, Singh will report to both National Security Adviser Jake Sullivan and NEC Director Brian Deese.
Born in Olney, Maryland and raised in Raleigh, North Carolina, Singh holds a bachelor's degree from Duke University in economics and public policy and a master of business administration/master of public administration from the Massachusetts Institute of Technology and Harvard University, with a focus on international economics.
