Lipsky served from September 2006 to August 2011 as the International Monetary Fund’s first deputy managing director—the organization’s No. 2 leadership role. Prior to rejoining the IMF in 2006, Lipsky spent more than 20 years in the private sector, including serving as JP Morgan’s chief economist, Chase Manhattan Bank’s chief economist and director of research and Salomon Brothers Inc.’s chief economist. Before working on Wall Street, he was at the IMF for a decade, where he helped manage the fund’s exchange rate surveillance procedure and analyzed developments in the international capital market. He received is PhD in Economics from Stanford University.