Citi, one of the largest banks in the world, announced on Monday that it has appointed Nathan Sheets, PhD, as Global Chief Economist. According to the press release, the executive returns to the bank and will lead the global economics team starting October 2021.
Prior to his new role at the bank, Sheets served as Chief Economist and Head of Global Macroeconomics Research at PGIM Fixed Income for the past four years. Moreover, he worked under Barack Obama’s administration as Undersecretary of the US Treasury for International Affairs, and he worked with the Federal Reserve Board in Washington, DC, for 18 years. About his educational background, Sheets earned a bachelor’s degree in economics from Brigham Young University and a PhD from the Massachusetts Institute of Technology.
“It’s great to be back at Citi, and I look forward to once again tapping into the firm’s unmatched global footprint, expansive expertise and broad network of clients,” said Nathan Sheets. “I am honored by the opportunity to lead Citi’s talented economics team and contribute to a history of world-class thought leadership,” the new Citi’s Global Chief Economist commented.
Returning to Citi
Furthermore, Rob Rowe, Global Strategy and Macro Head at Citi highlighted the following regarding the return of Sheets to the bank: “We are thrilled to have Nathan back at Citi. His wealth of experience and deep insight on global macroeconomics will be a significant value-add to our client franchise.”
The new hiring comes months after Citi became the latest Wall Street giant to show interest in cryptocurrencies as it has been considering launching several digital asset-related services for its client base. The investment bank is planning to introduce cryptocurrency trading, custody and financing services. The bank’s interest in digital currency services was pushed by the 'very rapid' accumulation of interests in Bitcoin within a broad spectrum of its large clients.
