Indian-American Daleep Singh is set to be appointed as the deputy national security adviser in the Joe Biden administration. Singh is currently the Head of the Markets Group at the Federal Reserve Bank of New York. Singh will serve as the deputy National Economic Council (NEC) Director as well and report to both National Security Adviser Jake Sullivan and NEC Director Brian Deese.
A statement put out by the New York Fed says that Singh will leave the bank in mid-February to join the Biden administration.
Singh was born in Olney, Maryland and raised in Raleigh, North Carolina and holds a bachelor's degree in economics and public policy from Duke University and a master of business administration/master of public administration from the Massachusetts Institute of Technology, and Harvard University, with a focus on international economics.
Singh worked at the US Department of the Treasury from 2011 to 2017, under the Obama administration serving as Acting Assistant Secretary for Financial Markets and Deputy Assistant Secretary for International Affairs.
The 45-year-old joined the New York Fed in February 2020 and also served as a member of the Executive Committee. Previously, Singh was Senior Partner and Chief US Economist at SPX Capital, a global investment firm.
Singh's great grand-uncle was Daleep Singh Saund, the first Asian-American elected to the US Congress.