Chairs & Director

R. Glenn Hubbard
Co-Chair

Glenn Hubbard is dean and Russell L. Carson Professor of Finance and Economics at Columbia Business School.  Mr. Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida and also holds AM and PhD degrees in economics from Harvard University.

In addition to writing more than 100 scholarly articles in economics and finance, Mr. Hubbard is the author of three popular textbooks, as well as co-author of The Aid Trap: Hard Truths About Ending PovertyBalance: The Economics of Great Powers From Ancient Rome to Modern America, and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System.  His commentaries appear in Business Week, the Wall Street Journal, the New York Times, the Financial Times, the Washington PostNikkei, and the Daily Yomiuri, as well as on television and radio.

From 2001 until 2003, he was chairman of the U.S. Council of Economic Advisers.  In the corporate sector, he is on the boards of ADP, BlackRock, KKR Financial Corporation, and MetLife. Mr. Hubbard is a past Chair of the Economic Club of New York and a past co-chair of the Study Group on Corporate Boards.

John L. Thornton
Co-Chair

John L. Thornton currently serves as Chairman of Barrick Gold Corporation, the largest gold mining corporation in the world. He is also Chairman of the Board of Trustees of the Brookings Institution in Washington, D.C. Mr. Thornton has extensive experience in business, finance and public affairs. He has served on the boards of international public companies including China Unicom, Ford Motor Company, HSBC, Industrial and Commercial Bank of China, Intel, and News Corporation. Mr. Thornton retired as President of Goldman Sachs in 2003, and is currently a Professor and Director of the Global Leadership Program at the Tsinghua University School of Economics and Management in Beijing.

He is a trustee, advisory board member or member of the Asia Society, General Atlantic, China Securities Regulatory Commission (CSRC), China Reform Forum, National Committee on U.S.-China Relations, China Institute, McKinsey Knowledge Council, the Hotchkiss School, Council on Foreign Relations, China Foreign Affairs University and the Tsinghua University School of Economics and Management. In 2007, Institutional Investor Magazine named him one of 40 individuals who have had the greatest influence on global financial markets over the past forty years. In 2008, he was awarded the Friendship Award of the People’s Republic of China, the highest honor accorded to a non-Chinese citizen.

Mr. Thornton received an A.B. in history from Harvard College, a B.A./M.A. in jurisprudence from Oxford University and an M.P.P.M. from the Yale School of Management. He was elected a Fellow of the American Academy of Arts and Sciences in 2007.

Hal S. Scott
President & Director

Hal S. Scott is the Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School, where he has taught since 1975.

He teaches courses on Capital Markets Regulation, International Finance, and Securities Regulation. He has a B.A. from Princeton University (Woodrow Wilson School, 1965), an M.A. from Stanford University in Political Science (1967), and a J.D. from the University of Chicago Law School (1972). In 1974-1975, before joining Harvard, he clerked for Justice Byron White.

The Program on International Financial Systems, founded in 1986, engages in a variety of research projects. Its book, Capital Adequacy Beyond Basel (Oxford University Press 2004), examines capital adequacy rules for banks, insurance companies and securities firms. The Program also organizes the annual invitation-only U.S.-China, U.S.-Europe, U.S.-Japan, and U.S.-Latin America Symposia on Building the Financial System of the 21st Century, attended by financial system leaders in the concerned countries.

Professor Scott’s books include the law school textbook International Finance: Transactions, Policy and Regulation (21st ed. Foundation Press 2016); Connectedness and Contagion (M.I.T. Press 2016) and The Global Financial Crisis (Foundation Press 2009).

Professor Scott is the Director of the Committee on Capital Markets Regulation, a bi-partisan non-profit organization dedicated to enhancing the competitiveness of U.S. capital markets and ensuring the stability of the U.S. financial system via research and advocacy. He is also a member of the Bretton Woods Committee, a member of the Market Monitoring Group of the Institute of International Finance, a past independent director of Lazard, Ltd. (2006-2016), a past President of the International Academy of Consumer and Commercial Law and a past Governor of the American Stock Exchange (2002-2005).