Location: HQ1 Atrium, HQ1-1-700
Most policymakers realize the urgency of combating the existential threat of climate change. Yet the same policymakers seem much more sanguine about the ongoing de-globalization, which is occurring through a combination of old fashioned protectionism and emerging geo–political concerns. Some believe we can compartmentalize action on the climate, shielding it from the hostility that increasingly characterizes economic relations between even friendly countries today. This is a pipe dream. Not just politically but also economically, continued growth of cross-border flows of trade, capital, technology, information, and people—how the speaker defines globalization—is essential to tackle climate change. Climate action and continued globalization are joined at the hip.
Guillermo Ortiz is currently Senior Advisor, Board Member of BTG Pactual and former Chairman of BTG Pactual Latin America ex-Brazil. He was Chairman of the Board of Grupo Financiero Banorte from March 2010 to December 2014.
Dr. Ortiz is Chairman of the Per Jacobsson Foundation, and a member of several organizations such as the Group of Thirty. He also serves in the Board of several companies.
He was Governor of Banco de Mexico from January 1998 to December 2009. From December 1994 to December 1997, Dr. Ortiz served as Secretary of Finance and Public Credit in the Mexican Federal Government. He served in the Board of Governors of the IMF, the WB and the IADB.
In 2006 he was appointed to the Board of the Bank for International Settlements (BIS) and was elected Chairman of the Board in 2009. At the BIS he also chaired the Central Bank Governance Forum. He chaired the External Panel for the Review of the Fund’s Risk Management Framework at the International Monetary Fund (IMF). He also participated in several working groups to examine aspects of the International Monetary Fund (IMF) governance and finance. Prior to heading the Ministry of Finance in Mexico, he was Executive Director at the IMF.
Mr. Ortiz earned a BA degree in Economics from the Universidad Nacional Autónoma de México and a PhD in Economics from Stanford University.
Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School. He was the Governor of the Reserve Bank of India between 2013 and 2016, Vice-Chairman of the Board of the Bank for International Settlements (2015-16) and Chief Economist at the International Monetary Fund (2003-2006).
Dr. Rajan’s research interests are in banking, corporate finance, and economic development. His book Fault Lines won the Financial Times prize for best business book in 2010 and his most recent book, The Third Pillar: How Markets and the State hold the Community Behind , was a finalist for the award in 2019.
Dr. Rajan was the President of the American Finance Association (AFA) and is a member of the American Academy of Arts and Sciences. He received the AFA’s inaugural Fischer Black Prize in 2003, the Deutsche Bank Prize for financial economics in 2013, Euromoney magazine’s Central Banker of the Year award in 2014, and The Banker magazine's Global Central Banker award in 2016.
Rajan is Senior Economic Advisor to BDT Capital, a Managing Director at Andersen, and a member of the governing board of KREA University, the Economic Advisory Panel Federal Reserve Bank of New York and of the IMF Managing Director’s External Advisory Group.