The Economics Leadership Council advises the Chair on a broad range of topics, and also serves the student and alumni communities.

Kabir Chaudhary
Mr. Kabir Chaudhary, B.A. '05
Chief Executive Officer,
President, NIKA

Chief Executive Officer and President Kabir Chaudhary is an energetic, forward-thinking leader whose vision, drive, and passion for business are the fuel that have helped catapult NIKA to success in only a few short years. Kabir is responsible for overseeing all business units and guiding the strategic direction of the firm through management of the executive leadership team. Furthermore, his involvement in the NIKA’s business development and marketing efforts has led to substantial revenue growth for the firm.

Throughout his career at NIKA, Kabir has worked in and significantly improved nearly every operational department, including business development, accounting, human resources and marketing. His ability to rapidly decode and master the U.S. government’s contracting process was instrumental in NIKA’s expansion from small business to a world-class service provider working with a diverse set of clients across the globe.

Kabir is a native Washingtonian who graduated from the University of Maryland with an undergraduate degree in economics and earned an Executive MBA from Harvard Business School. Kabir was recognized as one of the top 100 CEOs in Washington by SmartCEO Magazine and named an Ernst & Young Entrepreneur of the Year Award Finalist for 2016.

Ed DeMarco
Dr. Ed DeMarco, Ph.D. '91
President, Housing Policy Council

Ed DeMarco is President of the Housing Policy Council. Prior to joining HPC in June 2017, Mr. DeMarco was a senior fellow in residence at the Milken Institute’s Center for Financial Markets. From 2009 to 2014, Mr. DeMarco was acting director of the Federal Housing Finance Agency (FHFA), where he served as the conservator for Fannie Mae and Freddie Mac and regulator of those companies and the Federal Home Loan Banks. He was named HousingWire Magazine’s Person of the Year in 2012 for his impact on housing finance. Mr. DeMarco’s 28-year career in public service includes executive positions at the Social Security Administration and the Treasury Department. He began his federal career at the General Accounting Office. He earned a B.A. in economics from the University of Notre Dame and a Ph.D. in economics from the University of Maryland.

J. Nellie Liang
Dr. J. Nellie Liang
, Ph.D. '86
Miriam K. Carliner Senior Fellow in Economic Studies, Brookings Institution

Nellie Liang joined Brookings as the Miriam K. Carliner Senior Fellow in Economic Studies in February 2017. Liang is also a consultant for the International Monetary Fund's Monetary and Capital Markets Department and is a member of the Congressional Budget Office's Panel of Economic Advisors. Her research specialties include financial stability, credit markets, and the intersection of monetary and financial policy. She has published papers in the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Banking and Finance.

Before joining Brookings, Liang was the director of the Office of Financial Stability Policy and Research at the Federal Reserve Board.

Aparna Mathur
Dr. Aparna Mathur, Ph.D. ‘05
Resident Scholar, American
Enterprise Institute

Aparna Mathur is a resident scholar in economic policy studies at the American Enterprise Institute. She received her Ph.D. in economics from the University of Maryland, College Park in 2005. At AEI, she is currently directing the AEI-Brookings Project on Paid Family and Medical Leave, for which she was recognized in the Politico 50 list for 2017. Her research has focused on income inequality and mobility, tax policy, labor markets and small businesses. She has published in several top scholarly journals, testified several times before Congress and published numerous articles in the popular press on issues of policy relevance. Her work has been cited in leading news magazines such as the Economist, the New York Times, the Wall Street Journal, CNBC, Bloomberg, Financial Times and Businessweek. Government organizations such as the Congressional Research Service and the Congressional Budget Office have also cited her work in their reports to Congress. She is a regular contributor to Forbes, and has frequently been a commentator on NPR. Her TV appearances include CNN, Fox Business, Bloomberg TV and C-Span. She has been an adjunct professor at Georgetown University’s School Of Public Policy.

Thomas McCarthy
Dr. Thomas McCarthy, Ph.D. ‘80
Senior Vice President and Managing
Director, NERA Economic Consulting

Thomas McCarthy is a Senior Vice President and Managing Director with NERA Economic Consulting, a consulting firm with 28 offices worldwide. He heads up NERA’s Health Care Antitrust Practice where he specializes in the study of antitrust and competition issues in the health care marketplace. He has testified in a number of antitrust cases relating to hospital services, physician services, and health insurance markets and has assisted in federal and state merger reviews of proposed mergers of all types of health care firms. He testified at multiple sessions before the Federal Trade Commission and DOJ Antitrust Division’s joint hearings on Health Care and Competition Law and Policy. Before joining NERA, Dr. McCarthy worked as a Staff Economist for the Federal Trade Commission in Washington, D.C., and as an Assistant Professor of Economics at the School of Economics and Management at Oakland University in Michigan, where he taught, among other courses, health economics. Dr. McCarthy received his Ph.D. in Economics from the University of Maryland in 1980.

Ahmed Mushfiq Mobarak
Dr. Ahmed Mushfiq Mobarak, Ph.D. ‘02
Professor of Economics,
Yale University

Ahmed Mushfiq Mobarak, a native of Bangladesh, is a Professor of Economics at Yale University with concurrent appointments in the School of Management and in the Department of Economics.

He is a member of the Board of Directors of the Jameel Poverty Action Lab (J-PAL) at MIT, as co-chair of its Urban Services Initiative and of its Environment & Energy Sector work. He is also the academic lead for the Bangladesh Research Program for the International Growth Centre (IGC) at LSE, and Scientific Advisor to Innovations for Poverty Action, Bangladesh.

Mobarak has several ongoing research projects in Bangladesh, Brazil, Chile, India, Indonesia, Kenya and Malawi. He conducts field experiments exploring ways to induce people in developing countries to adopt technologies or behaviors that are likely to be welfare improving. He also examines the implications of scaling up development interventions that are proven effective in such trials. His research has been published in journals across disciplines, including Econometrica, Science, The Review of Economic Studies, the American Political Science Review, Proceedings of the National Academy of Sciences, and Demography, and covered by the New York Times, The Economist, Science, NPR,, BBC, Wall Street Journal, the Times of London, and other media outlets around the world. He received a Carnegie Fellowship in 2017.

Mobarak is currently collaborating with Evidence Action in multiple countries to replicate, test, and scale his research program that encourages rural to urban seasonal migration to counter seasonal poverty. This program, called No Lean Season, is supported by, Good Ventures and the Global Innovation Fund, and the start-up accelerator Y-Combinator.

Frank Nitkiewicz
Mr. Frank Nitkiewicz, B.S. '83
Executive VP & Chief
Financial Officer, Federal Home
Loan Bank of Boston

Frank Nitkiewicz is the Executive Vice President & Chief Financial Officer for the Federal Home Loan Bank of Boston (the “Bank”), one of the 12 banks of the Federal Home Loan Bank System, where he has been employed since 1991. The Bank is a cooperative institution that makes secured loans and other forms of credit available to its member financial institutions for the support of housing, community development and economic growth. Mr. Nitkiewicz oversees the Bank’s Treasury, Accounting Control, and Planning & Research functions. He is responsible for oversight of all capital markets activities including funding and liquidity management, management of all investment portfolios, and all hedging activities. He is also responsible for all accounting and financial reporting functions, as well as its budget and financial control functions. Over the course of his tenure with the Bank, he has also been responsible for asset-liability management, bank operations and credit risk management. Mr. Nitkiewicz began his banking career at Shawmut Financial Corporation, where he was an investment officer.

Mr. Nitkiewicz serves as a board member for the Lynn Shelter Association in Lynn, Massachusetts, which provides emergency and family shelter and support services to homeless individuals and families. He also serves as a board member for the North Shore Community Development Coalition in Salem, Massachusetts, which provides affordable housing and neighborhood development services to communities on the North Shore of Massachusetts

He holds a BS in Finance and a BA in Economics from the University of Maryland, and a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University.

Andrew Palmer
Mr. Andrew Palmer B.A./M.A ’81, ‘84
Chief Investment Officer, Maryland
State Retirement and Pension System

Andrew Palmer, CFA is the Chief Investment Officer for the Maryland State Retirement and Pension System. In this role, he is responsible for the day-to-day operations of the System’s investment division and has overall responsibility for the System’s investment program.

Previously he was the Deputy Chief Investment Officer, Director of Fixed Income for the Tennessee Consolidated Retirement System. In addition to his role as Director of Fixed Income, he led the construction of a Strategic Lending Portfolio, was a member of the Private Equity and Real Estate Committees and shared in the responsibility for tactical asset allocation and new product development. He began his career at ASB Capital Management, a Bethesda, Maryland based institutional advisory firm.

Mr. Palmer is a member of the ILPA, has been active in the CFA program and was President of the Washington Association of Money Managers. He received a BA and a MA in Economics from the University of Maryland.

Gary Rozier
Mr. Gary Rozier, B.A. ‘99
Senior Vice President, Institutional
Marketing & Client Services, Ariel

Mr. Rozier joined Ariel Investments in 2006 and is responsible for institutional business development and client services with a special focus on registered investment advisors. Prior to joining Ariel, Gary spent more than five years with Rydex Investments. At Rydex, he held multiple positions in shareholder services and financial advisor sales before being promoted to regional vice president where he oversaw product development and distribution across nine states in the Midwest Region. Gary is on the board of directors for American Red Cross Chicago, a trustee for the Francis Xavier Warde School, and serves on the Investment Committee of Cristo Rey Jesuit High School. Additionally, he is a 2011 Leadership Greater Chicago fellow. Gary earned a BA in Economics from the University of Maryland, where he serves on the Board of Visitors and was a captain of the rugby team.

John Sabelhaus
Dr. John Sabelhaus, B.A./M.A./Ph.D. ’82, ’84, ‘88
Assistant Director, Research and
Statistics Division, Federal Reserve Board

John Sabelhaus is Assistant Director in the Division of Research and Statistics at the Board of Governors of the Federal Reserve System, and an adjunct in the Department of Economics at the University of Maryland. John's responsibilities at the Federal Reserve Board have included oversight of the Microeconomic Surveys and Household and Business Spending sections, including primary responsibility for the Survey of Consumer Finances. Prior to joining the Federal Reserve Board staff, John was a Senior Economist at the Investment Company Institute and Chief of Long Term Modeling at the Congressional Budget Office, where he oversaw the development of an integrated micro/macro model of Social Security and Medicare. John received his PhD, MA, and BA in economics from the University of Maryland. He has taught Current Issues in American Economic Policy and Health Economics at the University of Maryland since 1999. John lives in Washington, DC, with his wife Linda, and is the father of three children, Drew, Nate, and Margaret.

Robert R. Satterfield
Mr. Robert R. Satterfield, B.A. ‘95
Senior Vice President, Investments,
Morgan Stanley Wealth Management
Todd D. Snyder
Mr. Todd D. Snyder, B.A./B.S./J.D. '85, '89, '94
Founding Member, Snyder Kearney, LLC

Todd Snyder has over 30 years of legal, financial and due diligence experience. Prior to joining Snyder Kearney, he was a co-president of SK Research, LLC from March 2014 until January 2016, and the founding partner of Snyder Kearney Law Firm LLC (formerly Snyder Kearney LLC) from 2004 until March 2014. Before founding Snyder Kearney, Todd’s experience includes practicing corporate and securities law, and acting as the Vice President of Due Diligence for a registered broker-dealer. Todd is admitted to practice law in the State of Maryland and the District of Columbia and is licensed as a Certified Public Accountant in the State of Maryland. Todd holds a J.D., a B.A. in Economics and a B.S. in Business.

Chad Willis Syverson
Dr. Chad Willis Syverson, M.A./Ph.D. ’98, ‘01
Eli B. and Harriet B. Williams
Professor of Economics, The
University of Chicago Booth
School of Business

Chad Syverson is the Eli B. and Harriet B. Williams Professor of Economics at the University of Chicago Booth School of Business. He has been on the University of Chicago faculty since 2001.

His research spans several topics, with a particular focus on the interactions of firm structure, market structure, and productivity. He has authored or coauthored dozens of scholarly articles and is the coauthor (with Austan Goolsbee and Steve Levitt) of intermediate-level textbook, Microeconomics. Syverson is an editor of the Journal of Political Economy, a research associate of the National Bureau of Economic Research, and has served on multiple National Academies committees.

Syverson received a Ph.D. in economics from the University of Maryland in 2001. Before that, he earned two bachelor's degrees from the University of North Dakota in 1996, one in economics and one in mechanical engineering, and worked briefly as a mechanical engineer for Unisys Corporation and Loral Defense Systems.

Thomas D. Teles
Mr. Thomas D. Teles, B.A. ‘92
Goldman Sachs, 1997-2018,
Partner 2006.

Tom retired from Goldman Sachs Asset Management (GSAM) in 2018, where he was global head of Securitized and Government/Swaps investment strategies and co-head of the Cross-Sector strategy within the Global Fixed Income team. He was also a member of the Fixed Income Strategy Group. Tom joined Goldman Sachs in 1997 as an associate within the Fixed Income, Currency and Commodities Division in New York, where he worked in the Research Department and then as a mortgage trader. He joined GSAM in 2000. Tom was named managing director in 2003 and partner in 2006.

Prior to joining Goldman Sachs, Tom was the assistant investment officer at Travelers Insurance Group from 1994 to 1997.

Tom serves on the board of the Touch Foundation. He earned a BA from the University of Maryland in 1992 and an MBA from the University of Chicago in 1994.

Mark D. Turner
Dr. Mark D. Turner, Ph.D. ‘96
Founder, President, CEO, and
Principal Research Associate,
Optimal Solutions Group, LLC

Dr. Mark Turner is the founder, president, CEO, and principal research associate at Optimal Solutions Group, LLC (Optimal), a public policy research and software development firm located at the University of Maryland’s Discovery District in College Park. He leads a multidisciplinary staff of 60+ employees in designing and implementing research studies and providing technical assistance on a variety of policy-relevant topics that span Optimal’s research centers—education, social policy and workforce development, health, international development, and innovation and entrepreneurship. He has more than 25 years of experience leading large, complex evaluations and studies for federal research agencies. Dr. Turner is also a major architect of Optimal’s proprietary software application, ReveloTM, a customizable data collection, analysis, and reporting web tool. ReveloTM is being used at multiple U.S. government agencies and by government ministries in 50+ countries.

Dr. Turner earned a B.A. in economics from Michigan State University and a Ph.D. in economics from the University of Maryland at College Park. Prior to founding Optimal, Dr. Turner was a Research Scientist at Johns Hopkins University and a researcher at the Urban Institute, and at the Government Accountability Office. He resides in Annapolis, Maryland with his wife (Tracye) and has three (3) adult children: Mark Jr., Kelsye, and Alexandra.