Industry Updates

D. E. Shaw Group strengthens its macro investing unit with two senior economist hires

Thursday, March 07, 2013

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Opalesque Industry Update: The D. E. Shaw group, a global investment and technology development firm, announced today that Ángel Ubide, Ph.D. and Brian Sack, Ph.D. have joined as Senior Vice Presidents and Co-Directors of Global Economics in the D. E. Shaw group’s discretionary macro investing unit. Max Stone, a Managing Director and member of the firm’s five-person Executive Committee, oversees that unit.

“We’re incredibly excited to welcome Ángel and Brian to our team,” said Mr. Stone. “Our macro team casts a wide net in terms of asset class and geography, and having these two talented individuals’ insights strengthens our capabilities in several dimensions as we source and analyze trades in global markets.”

Dr. Ubide joined the firm from Tudor Investment Corporation, where he was director of global economics. Prior to his tenure of more than a decade at Tudor, Dr. Ubide served as a staff economist at the International Monetary Fund and as an associate at McKinsey & Company. He is also currently a Senior Fellow at the Peterson Institute for International Economics. Dr. Ubide will split his time between the firm’s Washington, D.C. and New York City offices.

Dr. Sack joined from the Federal Reserve Bank of New York (“FRBNY”), where he was an executive vice president and served as a special adviser to the bank’s president. From mid-2009 to 2012, he served as head of the FRBNY’s Markets Group and managed the Federal Reserve’s System Open Market Account portfolio. Previously, Dr. Sack was with Macroeconomic Advisers, and before that he served for six years at the Board of Governors of the Federal Reserve System, where he last was head of the Monetary and Financial Market Analysis section. Dr. Sack will split his time between the firm’s Boston and New York City offices.

D.E. Shaw

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