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David Malpass

David Malpass
Personal details
Born (1956-03-08) March 8, 1956 (age 61)
Michigan, U.S.
Political party Republican
Spouse(s) Adele
Alma mater Colorado College (BA)
University of Denver (MBA)
Georgetown University
Website Encima Global

David R. Malpass (born March 8, 1956) is an American economist. He served as Deputy Assistant Treasury Secretary under President Ronald Reagan, Deputy Assistant Secretary of State under President George H. W. Bush, and Chief Economist at Bear Stearns for the six years preceding its collapse. During the 2016 U.S. presidential election, Malpass served as an economic advisor to Donald Trump. In March 2017, Trump announced that Malpass would be his nominee for undersecretary for international affairs in the United States Department of the Treasury.

Malpass holds a B.A. in physics from Colorado College and an MBA from the University of Denver. He studied international economics at Georgetown University's School of Foreign Service. He speaks Spanish, Russian, and French.

During the presidencies of Ronald Reagan and George H. W. Bush, Malpass worked on an array of economic, budget, and foreign policy issues including small business promotion throughout Latin America, and the 1986 tax cut. Malpass served as the Republican staff director of Congress’s Joint Economic Committee from 1989 to 1990, and as a member of Congress’s blue-ribbon panel on budget scoring from 2002 to 2003.

Malpass worked at Bear Stearns for 15 years in the firm's research department, with six of those years as the firm's chief economist. As a result of the global financial crisis and under the prodding of the Federal Reserve and U.S. Treasury Department, Bear Sterns was sold to JP Morgan Chase in March 2008 for 6% of its value twelve months prior. Malpass founded Encima Global shortly thereafter, in June 2008. Encima is a New York City firm providing daily analysis of global economic and political trends relevant to institutional investors.


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