Charles Dallara has served as managing director of the Institute of International Finance in Washington, DC since 1993. Before joining the Institute, he was managing director at J.P. Morgan & Co from 1991 to 1993, where he was head of Morgan's investment and commercial banking business in Eastern Europe and the former Soviet Union, the Middle East, Africa and India. He also chaired J.P. Morgan's Emerging Markets Risk Committee, which reviewed the risk positions involved in all of Morgan's emerging market trading operations. During the 1980s, Dr. Dallara served in a variety of senior financial positions in the United States government including assistant secretary of the US Treasury for International Affairs from 1989 to 1991. He is a member of the Council on Foreign Relations, and a member of the Board of Directors of Private Export Funding Cooperation. Dr. Dallara has also served as a member of the US-Japan Business Council, on the board of the Industrial Credit and Corporation of India Securities, Ltd, and on the Advisory Committee of the Pacific Economic Cooperation Council. He holds a B.A. in economics from the University of South Carolina, Columbia; and two M.A. degrees and a Ph.D. from Tufts University in Medford, Massachusetts.