From 1986 to 1990, as head of Citicorp’s North American Investment Bank, Mr. MacDonald had responsibility for foreign exchange trading and sales; U.S. Treasury and Agency trading, finance and sales; interest rate and foreign exchange derivatives; corporate finance; asset-backed securities; municipal finance; Citicorp’s U.S. dollar funding; and Canada and Puerto Rico investment banking activities.
Prior to this, Dr. MacDonald served as Head of Citicorp’s Information Business Group for two years. From 1979 to 1984, he served as CEO of Banco de Investimento Crefisul, Citicorp’s 49 percent-owned investment banking subsidiary in Brazil. During 1974 to 1979, Mr. MacDonald was in turn head of Citicorp’s Leasing, Finance and Export Trading subsidiaries in Colombia, and in 1976, was named CEO of Banco Internacional de Colombia, Citicorp’s 49 percent-owned commercial banking subsidiary in Colombia.
Prior to joining Citicorp, Mr. MacDonald was an economist with the United Nations Economic Commission for Europe based in Geneva, Switzerland from 1971 to 1974 and was a Financial Management Associate with General Motors in Wilmington, Delaware from 1962 to 1966.
Dr. MacDonald earned a Bachelor of Science Degree from Drexel University in 1966, a Master of Science Degree from the London School of Economics in 1968, and his Doctorate in Economics at Cambridge University, England in 1971. He is a member of The Conference Board; a member of the Economic Club of New York; a Trustee of the American Council in Germany; a Trustee of the Japan Society; a Trustee of the South Fork (Long Island NY) Chapter of the Nature Conservancy; a Trustee, member of the Executive Committee and Chair of the Marketing Committee of the New York Philharmonic Orchestra; a Trustee, member of the Executive Committee; and Chairman of the North American Advisory Board of the London School of Economics and Co-Chairman of the Research Committee of the Hospital for Special Surgery in New York. He has served as a Director of Liberty Brokerage Company; Director of the American Bankers Association Securities Association; and as a member of New York Partnership’s High Tech Committee.