Ex-White House Economist Joins Hermes BPK

Sep 21 2011 | 2:29am ET

A veteran of former President Bill Clinton’s economic team is the new chairman of fund of hedge funds manager Hermes BPK Partners.

Robert Wescott served as chief economist for the President’s Council of Economic Advisors during Clinton’s first term and special assistant to the president for economic policy during Clinton’s last two years in office. In between he was deputy division chief at the International Monetary Fund, including in its European department.

After the end of Clinton’s presidency, Wescott founded Keybridge Research.

“Dr. Wescott is an exceptional individual with deep experience in advising governments, financial bodies and international companies at the highest level,” Matteo Dante Perruccio, CEO of Hermes BPK, the fund of funds management arm of the British Telecom Pension Scheme, said. “His appointment as chairman will allow us to benefit from his expertise in global economic policy and in particular his intimate understanding of U.S. fiscal policy.”

“I am excited to be joining the board of Hermes BPK Partners,” Wescott said. “An innovative company which has established itself as a next generation leader in the fund of hedge fund industry.”

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