Jacob A. Frenkel

Jacob A. Frenkel
Frenkel, October 16, 2007
Born	1943 Israel
Residence	U.S.
Nationality	Israeli
Fields	Economics
Institutions	JPMorgan Chase 2009–present AIG 2004– Group of Thirty Merrill Lynch 2000–04 Bank of Israel 1991–2000 IMF 1987–91 University of Chicago 1973–87
Alma mater	University of Chicago, M.A., Ph.D. Hebrew University of Jerusalem, B.A.
Doctoral advisor	Robert Mundell

Jacob Aharon Frenkel (Hebrew: יעקב אהרן פרנקל‎‎; born in 1943) is an Israeli economist and 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.

Frenkel is currently the Chairman of JPMorgan Chase International, which executes the international strategy of the American financial services firm. 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.