University of Rochester

University of Rochester Hires Investment Officer

June 30, 2006

Richard Insalaco, a senior financial analyst for the Federal Reserve Bank of New York, has been named an investment officer at the University of Rochester. He will join the University's Office of Institutional Resources in September.

Insalaco has worked at the Federal Reserve for the past 10 years, most recently on the open markets trading desk, which implements the Federal Reserve's monetary policy. As senior financial analyst, he has provided advice and analysis to senior Federal Reserve and Treasury officials on issues relating to global financial markets, corporate credit markets, the secondary mortgage market, and U.S. equity markets. He also has overseen the open market desk's customer trading operations.

Previously, Insalaco practiced corporate law for six years in San Francisco. He is also a chartered financial analyst.

"We are genuinely excited about Rich joining the University," said Doug Phillips, senior vice president for institutional resources. "He brings an important perspective on capital markets to our investment office and his skills will blend nicely with those of our existing investment officers. I look forward to working with him for many years."

Insalaco received his Master's in Business Administration in 1996 and his law degree in 1987 from the University of Michigan. He graduated magna cum laude from the University of Rochester in 1984 with a bachelor's degree in political science and was elected to Phi Beta Kappa.