Douglas Rediker
Encyclopedia
Douglas Rediker is a member of the Executive Board of the International Monetary Fund
representing the United States. He was nominated by President Barack Obama on December 2, 2009. His confirmation hearing before the US Senate Committee on Foreign Relations was held on January 28, 2010 and he was confirmed by the United States Senate on March 10, 2010.
Previously, he spent several years as the co-founder and director of The New America Foundation
's Global Strategic Finance Initiative ("GSFI").
He has written extensively and testified before Congress on the subject of state capitalism, global finance, Sovereign Wealth Funds and other issues surrounding the relationship between global capital flows and their impact on foreign policy.
He and his wife, Heidi Crebo-Rediker co-founded the GSFI in 2007 after they both returned to the United States following 16 years in Europe. Mrs. Crebo-Rediker left GSFI to join the staff of the Senate Foreign Relations Committee in February 2009.
Mr. Rediker previously served as a senior investment banker and private equity investor for a number of investment banks, including Salomon Brothers
, Merrill Lynch
and Lehman Brothers
. He was instrumental in leading a number of the earliest privatizations in Central and Eastern Europe. In particular, Mr. Rediker led many transactions involving the Hungarian Telecommunications Company, Magyar Telekom
(previously known as Matav), including its initial public offering on the New York Stock Exchange
. He was also a London-based partner in TD Capital, a private equity firm focused on media and telecommunications investments. Mr. Rediker began his career as an attorney with Skadden Arps in New York and Washington, D.C.
Mr. Rediker has received numerous industry awards, including having been named an "Emerging Markets Superstar" by Global Finance Magazine and has received both the "EEMEA Equity" and "M&A Deals of the Year" by The International Financing Review. He is a member of the Council on Foreign Relations
, the International Institute for Strategic Studies
and the Royal Institute of International Affairs (Chatham House). Mr. Rediker appears often in both broadcast and print media, and has been published in The New Republic
, The National Interest
and The Wall Street Journal
.
Mr. Rediker was a member of the National Finance Committee for the Presidential Campaign of Barack Obama
.
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
representing the United States. He was nominated by President Barack Obama on December 2, 2009. His confirmation hearing before the US Senate Committee on Foreign Relations was held on January 28, 2010 and he was confirmed by the United States Senate on March 10, 2010.
Previously, he spent several years as the co-founder and director of The New America Foundation
New America Foundation
The New America Foundation is a non-profit public policy institute and think tank with offices in Washington, D.C. and Sacramento, CA. It was founded in 1999 by Ted Halstead, Sherle Schwenninger, Michael Lind and Walter Russell Mead....
's Global Strategic Finance Initiative ("GSFI").
He has written extensively and testified before Congress on the subject of state capitalism, global finance, Sovereign Wealth Funds and other issues surrounding the relationship between global capital flows and their impact on foreign policy.
He and his wife, Heidi Crebo-Rediker co-founded the GSFI in 2007 after they both returned to the United States following 16 years in Europe. Mrs. Crebo-Rediker left GSFI to join the staff of the Senate Foreign Relations Committee in February 2009.
Mr. Rediker previously served as a senior investment banker and private equity investor for a number of investment banks, including Salomon Brothers
Salomon Brothers
Salomon Brothers was a bulge bracket, Wall Street investment bank. Founded in 1910 by three brothers along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and then became Salomon Inc. Eventually...
, Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
and Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
. He was instrumental in leading a number of the earliest privatizations in Central and Eastern Europe. In particular, Mr. Rediker led many transactions involving the Hungarian Telecommunications Company, Magyar Telekom
Magyar Telekom
Magyar Telekom Nyrt. is Hungary's largest telecommunications company. The former monopolist is now a fully consolidated subsidiary of Deutsche Telekom....
(previously known as Matav), including its initial public offering on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
. He was also a London-based partner in TD Capital, a private equity firm focused on media and telecommunications investments. Mr. Rediker began his career as an attorney with Skadden Arps in New York and Washington, D.C.
Mr. Rediker has received numerous industry awards, including having been named an "Emerging Markets Superstar" by Global Finance Magazine and has received both the "EEMEA Equity" and "M&A Deals of the Year" by The International Financing Review. He is a member of the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
, the International Institute for Strategic Studies
International Institute for Strategic Studies
The International Institute for Strategic Studies is a British research institute in the area of international affairs. It describes itself as "the world’s leading authority on political-military conflict"...
and the Royal Institute of International Affairs (Chatham House). Mr. Rediker appears often in both broadcast and print media, and has been published in The New Republic
The New Republic
The magazine has also published two articles concerning income inequality, largely criticizing conservative economists for their attempts to deny the existence or negative effect increasing income inequality is having on the United States...
, The National Interest
The National Interest
The National Interest is a prominent conservative American bi-monthly international affairs magazine published by the Center for the National Interest. It was founded in 1985 by Irving Kristol and until 2001 was edited by Anglo-Australian Owen Harries...
and The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
.
Mr. Rediker was a member of the National Finance Committee for the Presidential Campaign of Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
.