Jeffrey R. Shafer has nearly 40 years of experience in economic analysis, financial policymaking and investment banking. As previous vice chairman of Citi’s Global Banking and Head of Economic and Political Strategies he was responsible for identification and analysis of key global economic and political issues and for relationships with key government officials around the world. An experienced speaker on global developments for a corporate audience.
Jeffrey R. Shafer is founder of JRShafer Insight which provides a strategic advice and consultancy service for business and governments. He is the former Vice Chairman of Citi’s Global Banking and former Senior Asia Pacific Officer in New York where he was responsible for key Asia Pacific government and corporate client relationships. Mr. Shafer was previously the Head of Economic and Political Strategies, which was responsible for identification and analysis of key global economic and political issues.
Mr. Shafer joined Citi in 1997 and worked with governments in Asia, Latin America and Europe on financial stabilization, liability management, debt issuance and privatization. In February 1999, he took on the role of Head of Privatization for the firm, and in 2003, became Vice Chairman of the Public Sector Group. While directing Citigroup’s privatization effort, he personally worked closely with governments around the world, including France (Credit Lyonnais), Japan (NTT), Korea (POSCO), India (VSNL), and China (China Life). He was also involved in landmark sovereign and quasi-sovereign bond transactions including for Korea, Turkey, China, Indonesia, the Philippines and Thailand.
From 1993 to 1997, Mr. Shafer was Assistant Secretary and subsequently Under Secretary of the U.S. Treasury for International Affairs. At the Treasury Department, he was responsible for international economic and financial issues, focusing on strengthening economic growth and financial stability in both developed and developing countries, fostering financial market development and liberalization, and strengthening the IMF and multilateral development banks. He was also responsible for the inter-agency CFIUS process to review foreign investment in the United States.
From 1984 until 1993, Mr. Shafer held a series of high-level positions at the Organization for Economic Cooperation and Development (OECD).
Prior to the OECD, he served with the Federal Reserve Bank of New York, the Federal Reserve Board, the Council of Economic Advisors and in the U.S. Army.
Mr. Shafer holds a B.A. in Economics from Princeton University and M.Phil. and Ph.D. degrees in Economics from Yale University. He has taught at Yale, Carnegie Mellon and Columbia Universities. He is a member of the Council on Foreign Relations.
Mr. Shafer is an experienced presenter using his global knowledge, insight and assessment to discuss the lasting impact of major economic and political developments for a corporate audience.