June 22: Daleep Singh, U.S. deputy national security advisor for international economics, deputy director of the National Economic Council, and President Biden’s top international economics advisor, has quit to join PGIM Fixed Income, as their Chief Global Economist. With $890 billion in assets under management, PGIM Fixed Income is among the largest global fixed income managers.

“His work has included the development of fiscal and tax policy; shaping the U.S. economic strategy with China; leading efforts to promote supply chain resilience; promoting the development of a digital asset strategy; and building an economic governance toolkit that includes tariffs, sanctions, export controls, energy security, debt relief, bilateral assistance, and infrastructure finance.

“Singh also served as the president’s representative at the G7, G20, and APEC. Prior to joining the Biden administration, Singh was executive vice president and head of the markets group at the New York Fed where he led a team of nearly 600 employees overseeing the group’s full portfolio during the most intense phase of the pandemic. From 2011 to 2017, he worked at the U.S. Department of the Treasury as acting assistant secretary for financial markets and deputy assistant secretary for Europe and Eurasia. Preceding his tenure at the Treasury Department, Singh worked for Goldman Sachs, with a focus on U.S. interest rates and currency markets.

“Singh will report to Gregory Peters, co-chief investment officer for PGIM Fixed Income, and will be responsible for oversight of PGIM Fixed Income’s Global Macroeconomic Research team, which includes senior economists with extensive experience in the public and private sectors.”: hubbis