Chairs, President, & Board

R. Glenn Hubbard
Co-Chair

Glenn Hubbard is the Russell L. Carson Professor of Finance and Economics and Dean emeritus 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 the former 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

Hal S. Scott is the Emeritus Nomura Professor of International Financial Systems at Harvard Law School (HLS), where he taught from 1975-2018. His HLS courses were on Capital Markets Regulation, International Finance, the Payment System and Securities Regulation. He is currently an adjunct Professor of Public Policy at the Harvard Kennedy School of Government where he teaches Capital Market Regulation and a guest lecturer at Tsinghua University.

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.

He is the Director of the Program on International Financial Systems (PIFS), founded in 1986, as part of Harvard Law School, which became independent in 2018. Besides doing research, the Program organizes the annual invitation-only U.S.-China, U.S.-Europe, and U.S.-Japan Symposia on Building the Financial System of the 21st Century, and special event roundtables. HLS is the non-financial sponsor or these events. In addition, PIFS partners with Executive Education at HLS in offering executive education for financial regulators.

Professor Scott’s books include the law school textbook International Finance: Transactions, Policy and Regulation (23rd ed. Foundation Press 2020); Connectedness and Contagion (M.I.T. Press 2016) and The Global Financial Crisis (Foundation Press 2009). He is the author of numerous journal articles and oped pieces in leading newspapers.

Professor Scott is also the President and Director of the Committee on Capital Markets Regulation, a bi-partisan non-profit organization organized in 2006, 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 an independent director of MEMX, the Members Exchange and a member of the Market Monitoring Group of the Institute of International Finance. He is 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).

Leslie N. Silverman
Board Member

Leslie N. Silverman is a partner at Cleary Gottlieb Steen & Hamilton LLP based in the New York office.

Mr. Silverman’s practice focuses on the domestic and international capital markets, representing both issuers and underwriters. He has extensive experience, in particular, in cross-border offerings and the development of new financial products. Mr. Silverman regularly counsels companies on compliance with the Dodd-Frank and Sarbanes-Oxley Acts, the SEC’s implementing regulations and related corporate governance matters.

Mr. Silverman is widely published and is one of the authors of U.S. Regulation of the International Securities and Derivatives Markets (Eleventh Ed., Wolters Kluwer, 2014), PLI’s Guide to the Securities Offering Reforms (Practising Law Institute, 2005) and The Sarbanes-Oxley Act of 2002: Analysis and Practice (Aspen Publishers, 2003). He also recently co-authored the articles, “Private Offerings: SEC Liberalizes the Rules but also Proposes New Requirements,” in VC Experts (October 23, 2013), “SEC’s Silent Opposition to Arbitration Bylaws Is Speaking Volumes,” in The National Law Journal (August 12, 2013), and “Stockholder Adoption of Mandatory Individual Arbitration for Stockholder Disputes,” in the Harvard Journal of Law & Public Policy (Summer 2013). He currently is serving as a member of, and counsel to, the Committee on Capital Markets Regulation. Mr. Silverman is distinguished as one of the world’s best lawyers by Chambers Global, Chambers USA, Chambers Latin America, IFLR 1000: The Guide to the World’s Leading Law Firms, The International Who’s Who of Business Lawyers, The Legal Media Group Guide to the World’s Leading Capital Markets Lawyers, The Best Lawyers in America and The Legal 500 U.S.

Mr. Silverman joined the firm in 1974 and became a partner in 1982. From 1985 to 1989, he was resident in the London office. Mr. Silverman received a J.D. degree from Yale Law School in 1973, where he was an editor of the Law Journal, and an undergraduate degree, summa cum laude, from the Wharton School of the University of Pennsylvania. He also served as law clerk to Chief Judge Irving R. Kaufman of the U.S. Court of Appeals for the Second Circuit.

Mr. Silverman is a member of the Bars in New York and the District of Columbia, and is admitted to practice before the U.S. Court of Appeals, Second Circuit, and the U.S. District Court for the Southern District of New York.

Barbara G. Novick
Board Member

Barbara G. Novick was a co-founder of BlackRock; Ms. Novick transitioned from Vice Chairman to Senior Advisor as of February 2021.

From the inception of BlackRock in 1988 to 2008, Ms. Novick headed the Global Client Group and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide.  In 2009, Ms. Novick established BlackRock’s Global Public Policy Group to provide a voice for investors; from 2018 to 2020, she additionally oversaw BlackRock’s Investment Stewardship team.

 

Ms. Novick serves on the boards of the American Financial Exchange and New York Life Insurance Company, and on the Growth Curve Capital Advisory Board.  In addition, Ms. Novick serves on the boards of Peterson Institute for International Economics, 100 Women in Finance, and the advisory boards of Center for Financial Stability, Millstein Center for Global Markets and Corporate Ownership, and Committee on Capital Markets Regulation.  Ms. Novick previously served on the board of Cornell University (2012 – 2020) and served as both Treasurer and Trustee of Westchester Jewish Center (1994 – 2012) and coached in the Westchester Youth Soccer League (1999 – 2015).

Ms. Novick has received numerous awards recognizing her contributions to asset management and to the professional development of women in finance, and her active involvement in her community, including UJA Federation’s Gustave Levy Award, Chief Investment Officer’s Pioneer Award, 100 Women in Hedge Fund’s Effecting Change Award, and Women in Finance’s Trailblazer Award.  Ms. Novick earned a BA degree, cum laude, in economics from Cornell University.