Steven Malin Email & Phone Number

New York, Ny

Lead analyst of a research agenda targeted on economic, financial, regulatory, and tax issues affecting high- and moderate net worth clients. [Wealthstream Advisors is a financial planning and private wealth management firm.]• Write financial markets review analyzing factors affecting periodic investment performance.• Exercise thought-leadership by measuring expected consequences of legislative and regulatory changes on retirement, tax and investment plans of high- and moderate-net worth clients. • Review the outlook for the financial markets at periodic investment strategy meetings, and recommend adjustments to clients’ asset allocations.• Compose and distribute alerts to clients, as warranted by news flows, to clarify issues and facilitate better-informed asset allocation decisions.

Philadelphia, Pa

Researcher focusing on the best use of micro- and macroeconomic data and analytical tools to strengthen stock selection and portfolio management. • Completed a study to determine the portfolio-design implications of the relationship between investment performance and equity market volatility. • Applied economic concepts and tools to make better-informed sector designations of complex companies and improve the scaling of company profits in factor models.• Presented the case for using macroeconomic analysis as an ex-post, retrospective tool for understanding model-driven investment returns. • Wrote periodic reviews linking macro developments to changes in investment factors and portfolio characteristics.

Senior member of investment team responsible for servicing clients with U.S., global and international equities and multi-asset portfolios • Maintained relationships with ~125-150 clients a year thruout North America. Retained all major clients during the difficult 2009-2010 period• Conducted servicing meetings across distribution channels to review investment philosophy, strategies and performance. • Recommended solutions to investment challenges faced by clients that focused on asset allocation, risk and return expectations, and changes in the level of assets under management. Based on recommendations, a large Texas medical center and a Michigan insurer, among others, increased AUM by over $100 million combined in 2010.Developed and implemented the currency overlays applied to portfolios with global and international equity exposures• Applied fundamental insights to adjust positioning suggested by quant model across 10 major currencies. Overrides added ~25 bps to relative returns during 2010 crisis periods• Improved the risk-return tradeoff on the ~15 different currency treatments managed, resulting in ~200 bps improvement in relative performance in 2010Product manager for the dynamic asset allocation (DAA) service launched in 2010• Provided fundamental perspectives on financial, economic and government policy developments for forecasts of expected returns and risks by asset class• Introduced and wrote monthly reports explaining DAA asset allocation decisions circulated to the firm’s senior-most management internationally. Served as ex-officio member of DAA’s investment policy group • Developed modern new-client prospecting tools. Conducted prospecting meetings with ~15 institutional prospects. Collaborated on development and writing of quarterly capital markets outlook• Beginning in 2010, specialized in analysis of economic and government policy influences on the outlook for the equities, fixed income, currency and commodities markets

One of three official spokespersons on matters related to NY Fed policies and operations• For New York Fed Presidents, wrote or edited, all or parts of 23 speeches and four Congressional testimonies. Several speeches and testimonies resulted in broad changes in banking law and regulation• Delivered speeches, testimonies and presentations before government officials, business and financial executives, and international central bankers • Served on media relations team interacting directly with journalists from all over the world. Developed the Bank’s crisis communication plans (used for Y2K and 9/11). Appointed Corporate Secretary by the Bank’s Board of Directors, reporting directly to the President and Chairman of the Board• Participated in semi-monthly meetings of the Board to set the discount rate, and weekly meetings of the Bank’s senior-most management committee on operational matters Chaired a task-force charged with determining the appropriate role for the NY Fed in regional economics and community affairs• Based on task-force recommendations, NY Fed established its first permanent Office of Regional and Community Affairs and a team of regional economists• Led team that developed financial and economic education programs recognized widely as the finest in the public sector. Programs were emulated by central banks of South Korea, U.K., New Zealand, Poland and Mexico

Introduced, developed and directed a regional economics profit center• Forecasted and analyzed U.S. demographic, consumer market and industrial trends by region. Counseled 7,000 executives in 1,000 companies in 15 countries. Generated more than 5% of Conference Board revenue during 1989-1990• Served as private consultant to 15 Fortune 500 companies, trade and industry associations and governmentsEconometrician who carried out path-breaking research about international influences on U.S. inflation Analyzed developments in financial markets, monetary and fiscal policy, regional economic development, and financial industry reform for publication in periodic reports and white papersAppointed to two bi-partisan national commissions on competitiveness by the President of the United States. Wrote legislative agenda for Congress on economic complementarity with Japanese businessesAppeared frequently on television and radio to discuss economic developments

Ph.D., Economics

Activities and Societies: Baseball coachGraduated in top 10% in Ph.D. program Decree conferred February 1980

M.A., Economics

Activities and Societies: Omicron Delta Epsilon Baseball coachGPA in top 5% of graduating class

B.A., Economics

Activities and Societies: Economics Honor Society Omicron Delta EpsilonWinner of Economics Department Award for Scholastic Excellence Phi.