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Vincent Reinhart joined Morgan Stanley in October 2011 as a Managing Director and Chief US Economist. Mr. Reinhart is responsible for the firm's analysis of the US economy, leading a team that includes US Fixed Income Economist and Managing Director David Greenlaw.
For the four years prior to joining Morgan Stanley, Mr. Reinhart was a resident scholar at the American Enterprise Institute, a nonpartisan think tank located in Washington, DC. He previously spent more than two decades working in the Federal Reserve System, where he held a number of senior positions in the Divisions of Monetary Affairs and International Finance. For the last six years of his Fed career, he served as secretary and economist of the Federal Open Market Committee. In that capacity, he was the senior staff member providing advice to Fed officials on the appropriate choice and communication of monetary policy. In his research at the Fed and AEI, Mr. Reinhart worked on topics as varied as economic bubbles and the conduct of monetary policy, auctions of US Treasury securities, alternative strategies for monetary policy, the long-lived consequences of financial crises, and the patterns of international capital flows. At AEI, he frequently commented in the media on the economic outlook and macroeconomic and financial policies.
David Greenlaw is a Managing Director and Chief U.S. Fixed Income Economist. His primary duties involve analysis of the U.S. economy and credit markets, including Federal Reserve and Treasury activity. He is also responsible for the projections of key economic indicators. Before joining Morgan Stanley in 1986, David was an economist with the Policy Economics Group, a Washington, D.C., consulting firm. Prior to that he served on the staff of the Federal Reserve Board in Washington, D.C., for four years.
David holds an M.B.A. from New York University and a B.A. from the University of New Hampshire. He has also done extensive graduate work at the University of Chicago and George Washington University.
Elga Bartsch is Morgan Stanley's Chief European Economist. The main focus of her research is the euro area, especially the monetary policy of the European Central Bank. Elga is also a member of the ECB Shadow Council. In addition, she still covers some core European countries, primarily Germany, the Netherlands and Austria. Elga is also responsible for the Firmâ€™s Swedish forecasts. In addition to her European role, Elga spearheads a global research effort on the economics of climate change. She joined Morgan Stanley in September 1997 from the Kiel Institute of World Economics, a large German economic think-tank. At the Kiel Institute, Elga worked as a research associate in the President's Office between 1992 and 1997 and, amongst other things, responsible for managing The Advanced Studies in International Economic Policy Research, a post-graduate programme in international macroeconomics. Having studied at the University of Hannover and the London School of Economics, Elga received a degree in Economics from Kiel University where she graduated top of her class. Subsequently, she completed a Ph.D. in Economics at the Kiel Institute. Her dissertation deals with Liability for Environmental Damages: Incentives for Precaution and Risk Allocation. Elga is fluent in German and English.
Tevfik Aksoy (PhD) is a Managing Director and the Head of Central Eastern Europe, M. East and Africa Economics at Morgan Stanley. He is also responsible from the macroeconomic coverage of Turkey and Israel. Prior to joining Morgan Stanley in 2008, Tevfik held a similar position at Deutsche Bank, where he worked since 2004. In this role he also covered a number of East European and African countries. Prior to his role at Deutsche Bank, Tevfik held a number of positions in the financial services, public sector and academia in the UK, US and Turkey. He has 22 years of professional experience, of which 17 years had been in banking. He is a graduate of the University of Delaware, where he received his Ph.D. and MA degrees in economics. He also holds an MBA and a bachelor of science in Mechanical Engineering from the Middle East Technical University (Turkey).
Melanie Baker is UK economist at Morgan Stanley. Previously working with David Miles, she has been on the UK economics team since 2003. Before this, she worked on the currency economics team. She joined Morgan Stanley in 1999. She graduated in 1998 from the University of Edinburgh with an MA in Economics and Politics and has an MSc from University College London in Economics. She is also a CFA charterholder and active member of the company's womens' network, currently organizing the network's mentoring scheme.
Joachim Fels is Morgan Stanley's Chief International Economist and Co-Head of Global Economics, based in London. He is responsible for the economics team's bi-weekly flagship publication The Global Macro Analyst and writes the widely-followed Sunday Start, a weekly e-mail update on global macro issues.
Joachim joined Morgan Stanley in 1996 to cover the German economy. He became Co-Head of European Economics, built up the Currency Economics Team, was the Firm's ECB watcher, and then served as Morgan Stanley's Chief Global Fixed Income Economist and Head of European Fixed Income Research.
Before joining Morgan Stanley, Joachim studied economics in Germany and Italy and worked at the Kiel Institute for the World Economy (1987-92) and at Goldman Sachs (1992-96).
Pasquale Diana is an Executive Director who covers the Central European economies (Czech, Hungary, Poland), as well as Romania and Bulgaria. Pasquale joined Morgan Stanley in November 2006. Previously, he worked for 6 years at JP Morgan, where he covered the economies of Italy, Spain and Scandinavia before joining the CEEMEA Economics Team. He holds a BSc and an MSc in Economics from the London School of Economics.
Daniele Antonucci joined Morgan Stanley in 2009 as the senior European economist responsible for Italy, Spain, Portugal and Greece. Based in London, he also contributes to the formulation and communication of the eurozone economic and policy outlook, with an emphasis on fiscal matters, to equity and fixed-income investors globally. Daniele conducts thematic research on topics ranging from the propagation of the euro crisis within the EU periphery and beyond to economic rebalancing, competiveness and reforms within the region, and the deflation vs. inflation debate, along with their financial market implications.
Previously, he was an economist at Merrill Lynch in London. Daniele also worked in the credit risk field at Moody's KMV in San Francisco and started his career in the research department of Confindustria, Italy's main business association, in Rome. He holds a master's degree in economics from Duke University, where he was awarded a full scholarship for advanced study, and graduated with highest distinction from the University of Rome La Sapienza, having also been educated at the European Institute of Higher Education in Brussels. His research has been featured in peer-reviewed economics journals, trade publications, and the media, as well as academic and industry conferences.