Newark-based PGIM Fixed Income named Daleep Singh as chief global economist and head of global macroeconomic research, effective immediately, according to a Tuesday announcement.
Singh will report to Gregory Peters, co-chief investment officer for PGIM Fixed Income, and will be responsible for oversight of PGIM Fixed Income’s Global Macroeconomic Research team, which includes senior economists with extensive experience in the public and private sectors.
Singh joins PGIM Fixed Income from the White House, where he was U.S. deputy national security adviser for international economics and deputy director of the National Economic Council. In this capacity, he served as President Joe Biden’s top international economics adviser, driving policy formulation at the intersection of economics and national security.
Singh also served as the president’s representative at the G7, G20 and APEC. Prior to joining the Biden administration, Singh was executive vice president and head of the markets group at the New York Federal Reserve, where he led a team of nearly 600 employees overseeing the group’s full portfolio during the most intense phase of the pandemic.
From 2011 to 2017, he worked at the U.S. Department of the Treasury as acting assistant secretary for financial markets and deputy assistant secretary for Europe and Eurasia. Preceding his tenure at the Treasury Department, Singh worked for Goldman Sachs, with a focus on U.S. interest rates and currency markets.
“As one of the world’s leading experts on economic policy matters, Daleep has provided extensive experience and insight at the highest levels of government. Adding an expert of this caliber to our investment team is fundamental to helping our portfolio managers navigate the increasingly complex macroeconomic and geopolitical forces driving global financial markets,” Peters said. “His expertise will be instrumental in continuing to provide leading economic and sovereign research, as well as thought leadership. We look forward to the impact he’ll have on our organization and the investment outcomes for our clients.”