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An Economic Outlook by Jack Lavery - Biography

Jack Lavery is Chairman, CEO, and Chief Economist of Lavery Consulting Group, L.L.C. (LCG), an economic and public policy research firm, specializing in client presentations. LCG focuses on serving financial institutions, money managers and corporate clients, including those seeking to impact high net worth individuals.

Jack had an extraordinary 20-year career at Merrill Lynch & Co., from which he retired in 2000, to become Visiting Professor and Executive in Residence at Seton Hall University. In mid-2001, he launched LCG.  He built and orchestrated Merrill Lynch’ Global Securities Research & Economics complex for eleven years as SVP. Jack also was the executive running Merrill Lynch’ worldwide Global Equities business for three years, and served as Director of Corporate Strategy for ML & Co. for one year.  Jack created and ran the Firm’s Public Policy Research Group.

Jack joined Merrill Lynch in 1981 as Chief Economist and Director of Economic Research of Merrill Lynch & Co., before assuming broader management responsibilities as head of the then merged Securities Research & Economics Division in September 1984.  He was a member of the Institutional Investor “All America Research Team” in Economics in each of his four years as Chief Economist of Merrill Lynch.

Prior to joining Merrill Lynch, Jack was Senior Vice President, Chief Economist and Director of Investment Research at Provident National Bank (now PNC) in Philadelphia. Jack began his career as an economist with the Western Electric Company and later joined Aetna Life and Casualty where he rose to be Assistant Director of Economic and Corporate Planning.  He has taught full-time at Niagara University and was an adjunct member of the graduate school M.B.A. faculties of the U. of Hartford and LaSalle University in Philadelphia. In academic year 2000-‘01, Jack taught on the undergraduate and MBA faculty of the Stillman School of Business at Seton Hall University.

Jack served for five years on the Advisory Board of the Center for Economic Policy Studies (CEPS) at Princeton University.  Jack is a member of the Advisory Board of the Financial Markets Research Center of the Owen Graduate School of Management at Vanderbilt University.  Jack also serves as Chairman of the Board of Advisors to the Business School of the University of Maine. Jack is a lifetime member emeritus of the Board of Directors of the National Council on Economic Education. Jack has been a member of the National Association of Business Economics for 40 years, and hosted NABE’s 1976 annual meeting in Philadelphia.

Jack served for three years on the Board of Governors of the National Association of Securities Dealers.  Jack has served as Chairman of the Board of the Lupus Foundation of America (LFA) and also on the Board of the Systemic Lupus Erythematosus (SLE) Foundation.  Jack’s vision led to the creation of the Lupus Research Institute (LRI), an organization dedicated to finding the cause and cure of lupus. Jack is Co-Chairman of the LRI.


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