October 08, 2010

Marquette Economics Chair Named to Chicago Fed Advisory Council

Dr. Chowdhury is a consulting economist to First Business Trust & Investments. Congratulations to Abdur!

MILWAUKEE - Abdur Chowdhury, chair and professor of economics in Marquette University’s College of Business Administration, has been appointed to the Chicago Federal Reserve Bank’s Academic Advisory Council. Chowdhury will join more than a dozen other professors from institutions within the Chicago Fed’s district to provide monetary policy advice to the central bank.

The Fed’s Academic Advisory Council meets twice annually in March and September. Charles Evans, Chicago Fed president, presides over the daylong meetings, which typically include Fed presentations on the economy and a roundtable discussion.

"I am honored and excited about this unique opportunity," Chowdhury said. "That the Fed recognizes the value we economics professors can bring to shaping economic policy is laudable."

"Dr. Chowdhury’s appointment to the Fed’s Academic Advisory Council is a shining example of our college’s commitment to research with relevance," said Linda Salchenberger, Keyes Dean of Business Administration. "Not only do our students benefit from his research, but now the Federal Reserve will have the opportunity to capitalize on Dr. Chowdhury’s keen economic analysis in very practical ways."

Chowdhury specializes in open economy macroeconomics and monetary policy. As the chief economist for Capital Market Consultants in Milwaukee, he prepares quarterly and monthly commentaries on U.S. and global economic issues and challenges. He also provides regular advice on economic policy issues to a number of investment firms and financial institutions.

From 2003-2008, Chowdhury worked as the chief economist and director of the Economic Analysis Division at the United Nations Economic Commission for Europe (UNECE) in Geneva, Switzerland.
Prior to joining the United Nations. He also worked as a senior researcher at the Central Bank of Finland and Senior Fulbright Scholar in Thailand. He is widely published in international professional journals, newspapers and other media outlets on a variety of global macro and monetary issues.

To interview Chowdhury or to request a photo, please contact Christopher Stolarski in the Office of Marketing and Communication at (414) 288-1988 or christopher.stolarski@marquette.edu.

About First Business Financial Services, Inc.

First Business Financial Services (Nasdaq:FBIZ) is a $1.3 billion Wisconsin-based bank holding company that specializes in focused financial solutions for businesses, key executives, and high net worth individuals through its operating companies. Its companies include: First Business Bank - Madison; First Business Bank - Milwaukee; First Business Bank - Northeast; First Business Trust & Investments; First Business Equipment Finance, LLC; and First Business Capital Corp. For additional information, visit www.firstbusiness.com or call (608) 238-8008.

The First Business Financial Services, Inc. logo is available at http://www.firstbusiness.com/logo

Christopher Stolarski
Office of Marketing and Communication
Marquette University
(414) 288-1988