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David Beers was appointed Special Adviser to the Governor for an 18-month term, effective 1 February 2012. In this capacity, Mr. Beers will help build the Bank's capacity to assess macrofinancial vulnerabilities and support its contributions to global regulatory reform.
Mr. Beers is a leading expert on risk and credit ratings of sovereign, regional and local government, government-related entities, and multilateral development banks. A highly-regarded economist and authority on sovereign risk, Mr. Beers is/will be a member of the Bank’s Monetary Policy Review and Financial System Review committees.
Born in Rockville Centre, New York, Mr. Beers received a Master of Science degree in economics from the London School of Economics in 1976 and a Bachelor of Arts in foreign affairs from the University of Virginia in 1975. He is the author of numerous research papers on demographic trends, sovereign credit ratings and defaults, and currency markets.
Mr. Beers joined the Bank from a 21-year career at Standard & Poor’s in 1990, where for 11 years he was the firm's Global Head, Sovereign and International Public Finance Ratings. Before joining Standard & Poor's, he worked as an independent consultant and as an economist at various investment dealers and financial institutions, including Salomon Brothers Inc., Bankers Trust Company, and Marine Midland Bank.