Bob Litterman to chair Commodity Futures Trading Commission subcommittee
The U.S. Commodity Futures Trading Commission announced on November 14, 2019 that Bob Litterman will chair the new Climate-Related Market Risk Subcommittee. The Climate Subcommittee is comprised of 35 members who are experts from financial markets, the banking and insurance sectors, agricultural and energy markets, and academic disciplines.
“I am honored to join this effort to proactively identify and assess the financial market impacts of climate change, and to provide recommendations that are results-oriented, data-driven, and actionable on how best to mitigate those risks," said Litterman. "Having spent my career focused on risk management, and most recently climate risk, I am encouraged that the CFTC is bringing the private sector, academia, and the public interest together on this urgent issue."
An alumnus of the University of Minnesota Department of Economics ('80 Ph.D.), Litterman had a successful 23-year career in research, risk management, investments and thought leadership roles at Goldman Sachs. He is a founding partner of Kepos Capital. Litterman is a champion of environmental issues and a fierce advocate of using economic principles to curb the growing forces of climate change. He has served on a number of boards, including the Heller Hurwicz Economics Institute, Commonfund, the World Wildlife Fund, Resources for the Future, Robert Wood Johnson Foundation and the Sloan Foundation.