Jeffrey R. Shafer
Vice Chairman, Global Banking, Citigroup
Jeffrey R. Shafer is Vice Chairman, Global Banking, at Citi and Senior Asia Pacific Officer in New York where he is responsible for Asia Pacific government and corporate client relationships.
Since joining the firm in February 1997, Mr. Shafer has worked with governments in Asia, Latin America and Europe on financial stabilization, debt issuance and privatization. Immediately prior to taking on his current responsibilities, he headed Economic and Political Strategies, which was responsible for identification and analysis of global economic and political trends shaping the business environment.
From 1993 to 1997, Mr. Shafer was Assistant Secretary and subsequently Under Secretary for International Affairs of the U.S. Treasury. At the Treasury Department, he was responsible for international economic and financial issues, focusing on strengthening global economic growth and financial stability, fostering financial market development and liberalization, and strengthening the IMF and multilateral development banks. He was also responsible for the inter-agency CFIUS process to review foreign investment in the United States.
From1984 until 1993, Mr. Shafer held a series of high-level positions at the Organization for Economic Cooperation and Development (OECD). Prior to the OECD, he served with the Federal Reserve Bank of New York, the Federal Reserve Board and the Council of Economic Advisers.
Mr. Shafer holds a B.A. in Economics from Princeton University and M.Phil. and Ph.D. degrees in Economics from Yale University. He served as a lieutenant in the US Army, including in Vietnam. He is a member of the Council on Foreign Relations.