David Chen Appointed Chairman of Portland Branch Federal Reserve Board
Portland, OR – The Board of Governors of the Federal Reserve System appointed David Chen chairman of the Portland Branch board of directors, effective January 1, 2011. Mr. Chen is CEO and founder of Equilibrium Capital Group LLC, an investment firm focused on real asset sectors impacted by resource constraints and sustainability.
The Portland Branch board of directors provides an economic perspective on the region to both the Federal Reserve Bank of San Francisco’s board of directors and the Board of Governors in Washington. The Board of Governors considers this information when determining monetary policy.
Prior to founding Equilibrium Capital Group, Mr. Chen was general partner at OVP Venture Partners, focused on early stage tech venture investing. He is Governor-appointed Chairman of the Oregon Innovation Council and serves on the board of other institutions including: Oregon Investment Fund; National Collegiate Inventors & Innovators Alliance; and the Freshwater Trust. Mr. Chen got his bachelor’s degree from the University of California, Berkeley and received his MM from Northwestern University’s Kellogg School of Management, where he is also on the faculty. Mr. Chen joined the Portland Branch board of directors in 2006.
Other members of the Federal Reserve’s Portland Branch Board of Directors include: Megan Clubb, Baker Boyer National Bank; Peggy Fowler, Portland General Electric; Roger Hinshaw, Bank of America; Dr. Joe Robertson, Oregon Health & Science University; and Roderick Wendt, JELD-WEN, inc.
Federal Reserve Bank of San Francisco, Portland Branch
The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffedreserve.