Diana Farrell is a banker and political advisor who is the founding President and Chief Executive Officer of the JPMorgan Chase Institute, a global think tank dedicated to delivering data-rich analyses and expert insights for the public good. Previously, Ms. Farrell was the Global Head of the McKinsey Center for Government (MCG), providing research, proprietary data, and other tools to support government leaders focused on improving performance. In addition, she was a leader of McKinsey’s global Public Sector Practice, and a member of their Partner Review Committee. From 2009 to 2011, Farrell was Deputy Director of the

United States National Economic Council United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two f ...

(NEC) and Deputy Assistant on Economic Policy to

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the ...

. She was also a member of the

Presidential Task Force on the Auto Industry The Presidential Task Force on the Auto Industry was an ''ad hoc'' group of United States cabinet-level and other officials that was formed by President Obama to deal with the financial bailout of automakers Chrysler and General Motors. Based on a ...

Life and career

Farrell attended the

Loomis Chaffee School The Loomis Chaffee School (; LC or Loomis) is a selective independent, coeducational, college preparatory school for boarding and day students in grades 9–12, including postgraduate students, located in Windsor, Connecticut, seven miles north ...

, a college-preparatory boarding school in Connecticut, before attaining a B.A. from

Wesleyan University Wesleyan University ( ) is a private liberal arts university in Middletown, Connecticut. Founded in 1831 as a men's college under the auspices of the Methodist Episcopal Church and with the support of prominent residents of Middletown, the col ...

in Economics ( College of Social Studies) and an M.B.A. from Harvard Business School. She is a member of Council on Foreign Relations, the Aspen Strategy Group, the Aspen Program on the World Economy, th
Bretton Woods Committee
and the Trilateral Commission. She is a member of the World Economic Forum Global Agenda Council and was Vice-Chair of the organization’s Future of Government Global Agenda Council. She is on the

board of trustees and is married with two children. Prior to serving in government, Farrell was the Director of th
McKinsey Global Institute (MGI)
McKinsey & Company's economics research arm. While at McKinsey she was also a leader of the Global Financial Institutions and Global Strategy practices. Prior to joining McKinsey, she worked for Goldman Sachs in New York. During the Obama Administration, Farrell served as Deputy Director of the

and as a member of the

in the aftermath of the 2008 financial crisis. While at the White House, Farrell directed interagency processes for the administration’s financial regulatory reform, housing and housing-finance policy, and innovation and competitiveness agendas. On November 22, 2010, Farrell announced that she would be leaving the administration by the end of the year.

Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pres ...

, then the Director of the NEC, who had previously announced that he would return at the end of the year to Harvard University, noted that Farrell had "played a central role" in the efforts of the administration to encourage economic growth, restructure the auto industry, and respond to the housing crisis. Summers further stated: "Her natural talent as a policy maker and her good judgment made her invaluable in setting a course for economic recovery."

Research and political views

In 2003, Farrell was the author of a paper in which she argued that sending American jobs overseas might be "as beneficial to the U.S. as to the destination country, probably more so." In a video for the McKinsey Global Institute, where she formerly served as a director, Farrell describes four "newly powerful" brokers. One of these is "Asian economies which are...generating significant surpluses." Farrell has stated that she would like to see more alumni of the corporate sector serving in government, stating in an interview that "This is my first time serving in government — I came from the private sector — and I just think it is a fantastic thing for people to do, for people in the private sector to serve in government, to serve their country, and to really understand what a very large fraction of the economy and society is all about and how this works." Following the 2008 financial crisis, Farrell argued that governments had "overextended themselves" in the aftermath of the recession and called for "structural reforms" in an October 2012 interview. Farrell is a supporter of regulation of large banks. In an interview with National Public Radio, she stated: "We have created them, and we're sort of past that point, and I think that in some sense, the genie's out of the bottle and what we need to do is to manage them and to oversee them, as opposed to hark back to a time that we're unlikely to ever come back to or want to come back to."

Selected publications

References

External links

Biography
at McKinsey & Company Public Sector Practice * *
Biography
at McKinsey & Company,

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

2005
Author info
at

Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

Biography
at UN.org {{DEFAULTSORT:Farrell, Diana 1965 births American politicians of Colombian descent Assistants to the President of the United States Colombian emigrants to the United States Harvard Business School alumni Living people McKinsey & Company people Obama administration personnel Urban Institute people Wesleyan University alumni Loomis Chaffee School alumni