Citigroup has appointed Catherine Mann as its new global chief economist, replacing Willem Buiter who will step down from the role to become the firm’s special economic adviser.

Mann will join Citi’s research team and manage the firm’s global economics team. Based in New York, she will head research across all areas of economics.

She is joining from Organization for Economic Cooperation and Development (OECD), where she held the responsibility of chief economist since 2014.

She previously also worked at the Federal Reserve Board, the Council of Economic Advisors and the World Bank, as well was involved in research and teaching at the Peterson Institute for International Economics and as the Rosenberg professor of global economics at Brandeis University.

Meanwhile, Buiter will now focus on direct client service and major economics research projects. The changes will be effective from February 2018.

Citi Research global head Andrew Pitt said: “Catherine’s appointment will allow us to increase the flow and depth of both our research outputs and our client service. We are thrilled that Catherine has accepted the position and we are looking forward to enhancing our economics product further by leveraging Catherine’s unique capabilities and experience in the field.

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“We are also delighted that Willem’s breadth of expertise and outstanding research will continue to be showcased via his new advisory position.”