New York Sovereign/ Central bank Expert

ASHISH K. BHATIA

*** *** ******, ****** ****, NJ 07302 • 646-***-**** • ******.******@*****.***

EXPERIENCE

World Gold Council July 2010 – Present

Economist and Manager (Central Bank Reserve Asset Program) New

York, NY

• Head of global outreach and relationship management with central bank reserve managers to

influence larger and more frequent gold purchases resulting in several central banks starting gold

programs

• Organized ‘in-house’ and external customized training sessions for targeted (BRICS/CIS countries)

central banks in London, New York, Hong Kong, Sri Lanka, and the Philippines

• Initiated and organized the UC Berkeley Executive Program in Gold Reserves Management . This

program attracted 27 senior executives from 18 central banks with over $5.0 trillion AUM

• Lead strategist on foreign exchange, fixed income, and monetary policy for WGC investment

quarterly publications

• Write regular research for central banks on gold market developments and portfolio optimization

strategies

• Coordinate lobbying and regulator campaign with US banks, precious metals desks, and banking

associations on Basel III

• Wrote industry comment letter for gold’s inclusion in Basel III liquidity rules to the Federal Reserve

and Reserve Bank of India

• Wrote US, European, and Turkish case studies on gold’s benefits to commercial bank liquidity

buffers

• Supervise one associate and manage several contracted agencies to support the program

Federal Reserve Bank of New York June 2006 – July 2010

Portfolio Manager / Senior Economic Analyst, (Markets Group: Foreign Exchange)

New York, NY

• Responsible for managing $20 billion equivalent yen portfolio for the US Treasury and Federal

Reserve

• Wrote quarterly investment performance reports and presented results to the US Treasury and

FRBNY Markets Head.

• Analyzed and wrote daily on developments in Japanese fixed income and foreign exchange

markets for Federal Reserve System

• Supported development of emergency FX Swap program in 2008 with other central banks and

executed regular fixed income, foreign exchange, and FX swap trades

• Organized annual foreign reserves management seminar developing strong central bank

relationships

Bank Risk Examiner (Financial Institution Supervision Group )

• Initiated and managed a project to re-engineer analysis of large bank risk data to dramatically

improve the quality of data available for regulatory analysis. This project required a deep

understanding of risk metrics, a capability to challenge deeply embedded practices, and an ability to

receive and process input from hundreds of stakeholders in large matrix organization

• Analyzed large bank exposure to structured products, leveraged loans, hedge funds, and name

specific counterparty credit risks

• Examined the adequacy of liquidity stress tests and funding plans at several large foreign banking

organizations

GreenPoint Financial / Capital One Bank June 2002 – June 2004

Strategy Analyst New York/

Boston/ San Francisco

• Identified $5 million in cost savings by offshoring mortgage underwriting and documentation job

functions

• Created the training and implementation plan for the documentation process for 100 offshore

employees

• Streamlined $2 million promotional inventory system reducing management time by 66%

EDUCATION

Tufts University: The Fletcher School of Law & Diplomacy May 2006

MA, International Finance and Monetary Policy Medford, MA

• Half semester completed at Harvard Business School in Financial Regulation, Financial

Instruments and Emerging Markets

• Summer internship at US Department of the Treasury, International Affairs

New York University: The Stern School of Business May 2002

BS, Economics and International Business, with honors in Economics New

York, NY

• Received the Department Prize in Economics for outstanding achievement

PUBLICATIONS AND LANGUAGES

Published research: Chapter 5: Optimal gold allocations for emerging-market central banks, Reserve

Management Trends 2012

This study examines the performance of a typical central bank portfolio when

denominated in nine emerging market currencies and finds that gold’s stability

across a range of currencies supports higher optimal gold allocations.

English (Native); Spanish (Intermediate); Hindi (Basic)

Languages:

Bloomberg, advanced MS Excel, NFA Asset Allocation Suite

Other:

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