Charles H. Dallara has served as Managing Director of the Institute of International Finance (IIF) since July 1993. The Institute represents more than 400 global financial institutions, including many of the world's largest banks, investment banks and asset management firms. As the Institute's Chief Executive Officer, Mr. Dallara is responsible for developing and executing the Institute's programs under the guidance of the Board of Directors.
Prior to joining the Institute, Mr. Dallara was a Managing Director at J.P. Morgan & Co. (June 1991 to July 1993). He was the head of Morgan's investment and commercial banking business in Eastern Europe and the former Soviet Union, the Middle East, Africa and India. He also chaired Morgan's Emerging Markets Risk Committee, which reviewed the risk positions involved in all of Morgan's emerging market trading operations.
During the 1980s, Mr. Dallara served in a variety of senior financial positions in the U.S. government. He was appointed by former President Bush to the position of Assistant Secretary of the U.S. Treasury for International Affairs in May 1989 serving in that position until June 1991. His duties included international economic and financial policy, G-7 policy coordination, exchange rate policy, financial market liberalization and the operations of multilateral financial institutions such as the IMF and the World Bank.
In addition, he held the following positions in the Bush and Reagan Administrations:
• Assistant Secretary of the Treasury for Policy Development and Senior Advisor for Policy to the Secretary of the Treasury (Presidential appointment, 1988-1989);
• United States Executive Director of the IMF (1984-1989), and con¬currently as Senior Deputy Assistant Secretary of the Treasury for International Economic Policy (1985-1988);
• Deputy Assistant Secretary of the Treasury for International Monetary Affairs (1983-1985); and
• U.S. Alternate Executive Director of the IMF (1982-1983).
Mr. Dallara held other positions as a civil servant at the U.S. Treasury Department in the late 1970s and early 1980s.
A native of Spartanburg, South Carolina, Mr. Dallara earned a Bachelor of Science degree in economics from the University of South Carolina (1970). He did graduate work at the Fletcher School of Law and Diplomacy, Tufts University, receiving degrees of Master of Arts (1975), Master of Arts in Law and Diplom¬acy (1976), and Doctor of Philosophy (1986). In addition, he was awarded an Honorary Doctor of Laws Degree by the University of South Carolina in May 1991. Mr. Dallara served as an officer in the United States Navy from 1970-1974.
Mr. Dallara is a member of the Council on Foreign Relations and serves on the International Advisory Board of the Instituto de Empresa. Additionally, he is a member of the Board of Overseers of the Fletcher School of Law and Diplomacy of Tufts University, as well as a member of the Board of Directors for the National Bureau of Economic Research. He resides in Oak Hill, Virginia, and is married to Peixin Li Dallara. He has three children, Stephen, Emily and Bryan.