Manuel Balmaseda del Campo

Ph.D. economist with over twenty years of experience as Board Member and as Corporate Chief Economist. As Chief Economist led a team of macro-economists located across different continents. Engaged regularly with government officials, central banks members and business executives around the globe.

Expertise in the modelling and analysis of macroeconomic trends with the ability to simplify complex economic dynamics to interact with economist and non-economist audiences. Member of multiple international organizations (NABE, NBEICCBE, ICBE, among others) and regular speaker on the macroeconomic outlook, monetary policy and other economic issues at international conferences. Has also written multiple articles, both in academic journals and the press.

Corporate Experience

• CEMEX, Global Chief Economist, 2006 – 2022

• BBV/BBVA,1998 – 2006

- Chief Economist for Europe            

- Chief Economist for Spain and Southern Europe

- Chief Economist for Capital Markets and Treasury

• REALE Seguros Generales, Member of the Board, 2020 - Present 

• REALE Chile Seguros Generales, Substitute Member of the Board, 2021 - Present 

• Kronos Investment Group, Member of Advisory Board, 2019 - Present 

• Consultant on economic issues related to Spain, Europe, US and Latin America for the IMF, OECD, European Commission, SEGIB (Secretaría General para Iberoamérica), Moody’s, Standard & Poor’s and other international organizations

• Speaker in multiple conferences, forums and events all over the World (US, Europe, Latin America, China, Japan, Singapore …): Board of the Federal Reserve Bank of the US, Bank of Spain, BANXICO, Bank of France, Bank of England, Bundesbank, ECB, among other central banks. IMF, OECD, CAF, SEGIB, among other multilateral institutions. And multiple other private/public arenas

Academic Experience

• Ph.D. Economics, Northwestern University, Evanston, Evanston, Illinois, US, 1995

- Fields of specialization: Macroeconomics, Econometrics, Finance and International Finance

• M.A. Economics, Northwestern University, Evanston, Illinois, US, 1992

• B.A. Economics, Government and Mathematics-Computer Science, Colby College, Waterville, Maine, US,1989

• Certified Business Economist, 2015

Academic Background

• IE University, Adjunct Professor of Macroeconomics, fall 2022

• CEMFI (Centro de Estudios Monetarios y Financieros), Professor of Graduate Macroeconomics and Graduate Applied Economics, 1995 – 1998

• IESE, Executive Program, Professor of Macroeconomics

• Universidad Internacional Menendez Pelayo and El Escorial, Summer courses on the internationalization of businesses, on the global macroeconomic outlook, on Latin America, on Spain and on Europe

• Escuela de Organización Industrial (EOI), Intensive and online courses in • Macroeconomics and Construction Economics

• Helsinki School of Economics and Business Administration, Macroeconomics

• Bank of the Federal Reserve of Minneapolis, Visiting Professor