Rajiv Shah appointed as a Class C Director to New York Fed Board of Directors

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The Federal Reserve Bank of New York announced January 5, 2024, that the Board of Governors of the Federal Reserve System has appointed Dr. Rajiv Shah, president of The Rockefeller Foundation, as a Class C director for a three-year term ending December 31, 2026.

Class C directors on the New York Fed’s Board of Directors represent the interests of the public.

Dr. Shah has led The Rockefeller Foundation since 2017, a philanthropy whose mission is to promote the well-being of people around the world.

Prior to joining the foundation, Dr. Shah was founder and managing partner of Latitude Capital, a private equity firm. From 2009 to 2015, Dr. Shah served as head of the United States Agency for International Development (USAID). In that role, he served on the National Security Council, led the U.S. responses to the 2010 earthquake in Haiti and the 2014 West African Ebola pandemic, and secured bipartisan support for the passage of the Global Food Security Act and the Electrify Africa Act.

Before joining USAID, Dr. Shah served as chief scientist and undersecretary for research, education, and economics at the United States Department of Agriculture, where he created the National Institute for Food and Agriculture.

Earlier in his career, Dr. Shah was a director at the Bill & Melinda Gates Foundation, where he created the International Financing Facility for Immunization.

Dr. Shah is a graduate of the University of Michigan, the University of Pennsylvania School of Medicine, and the Wharton School of Business. He served as a distinguished fellow in residence at Georgetown University and has received the Secretary of State’s Distinguished Service Award and the U.S. Global Leadership Award.