On December 12, 2019, the Federal Reserve Bank of New York announced that Daleep Singh “has been named Executive Vice President and Head of the Markets Group.” The release said he would “join the New York Fed in February 2020 and be responsible for the group’s entire portfolio, with a focus on bringing together policy, strategy, analysis and operational effectiveness,” and that as a member of the Executive Committee he would “play a key role in developing and implementing the New York Fed’s strategic direction and priorities.” It identified him then as Senior Partner and Chief U.S. Economist at SPX Capital.
On February 5, 2021, the New York Fed announced that Singh “has stepped down from his role as Head of the Markets Group and will be leaving the Bank in mid-February to join the Biden Administration as Deputy National Security Advisor and Deputy National Economic Council Director.” President John C. Williams is quoted: “Over the past year, Daleep has played a critical leadership role in the emergency facilities the Fed launched in response to COVID-19.” The same release says he joined in February 2020 and served on the Executive Committee. PGIM’s later biography says he “led the implementation for most of the Fed’s emergency facilities launched during the COVID-19 pandemic.” That is the employer’s phrasing. The Fact on this page is the Fed’s own hire and resignation language.