Randal K. Quarles
- Chairman, The Cynosure Group
- Former Vice Chairman, Federal Reserve System
Randal Quarles is Chairman and founder of The Cynosure Group, an alternative asset management and wealth advisory firm. From October of 2017 through October 2021, Mr. Quarles was Vice Chairman of the Federal Reserve System, serving as the system’s first Vice Chairman for Supervision, charged with ensuring stability of the financial sector. From December 2018...
read the restRandal Quarles is Chairman and founder of The Cynosure Group, an alternative asset management and wealth advisory firm. From October of 2017 through October 2021, Mr. Quarles was Vice Chairman of the Federal Reserve System, serving as the system’s first Vice Chairman for Supervision, charged with ensuring stability of the financial sector. From December 2018 until December 2021, he also served as the Chairman of the Financial Stability Board, a global body established after the Great Financial Crisis to coordinate international efforts to enhance financial stability. He was a key architect of the Fed’s crisis response in March of 2020, credited with maintaining the function of the US and global financial systems, as described in the books Limitless and Trillion Dollar Triage. Earlier in his career, Mr. Quarles was a long-time partner at The Carlyle Group, a leading global private equity firm, and before that a partner at the international law firm of Davis Polk & Wardwell, where he was co-head of their financial services practice. Mr. Quarles has been a close advisor to Republican Treasury Secretaries for the last 35 years, including as Under Secretary of the Treasury in the Bush ’43 Administration. He has represented the United States in meetings of the Group of Seven, Group of Twenty, and Financial Stability Forum, and was also US Executive Director of the IMF.
In addition to leading Cynosure, he is a director of The American Express Company, Intermountain Health, Patomak Global Advisors, and Global Screening Services, UK; an advisory board member at Apollo / Athene, Millennium Management, Stripe, and Asia Gulf Holdings Pte Ltd; a member of the International Councils of Sumitomo Mitsui Banking Corporation and Mitsubishi Corporation; a trustee and chairman of the advisory board of The Center for Financial Stability; and a member of the Council on Foreign Relations, the Committee on Capital Markets Regulation, and the Bretton Woods Committee.
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