Preston Martin
CA, US
Is widely published and noted as an incisive observer of economic trends and policies.
Never before have you been so bombarded by news of events in the economic and financial worlds. "Ignore it at your own peril" says Preston Martin, former Federal Reserve Vice Chairman. "We have no alternative but to understand what those people in Washington and around the world in all those connected markets are doing." Preston Martin speaks from experience. He was instrumental in shaping many of the nation's vital economic and financial institutions, and his distinguished career is exemplified by high-profile government and private enterprise CEO positions. An incisive observer of economic trends and policies, Martin delivers penetrating insights and valuable analysis into: - The "New Economy": What it Means and Where it's Headed - What is Going on in Today's Financial World - The Global Economy: It's Risks and Rewards - 1998 and Beyond: What's Ahead for Business Martin appears frequently on PBS, CNN and CNBC, deftly explaining current business trends. Few experts have his ability to make complex economic and finance issues compelling to all audiences. His commentary is also featured in such respected publications as The Economist, The Wall Street Journal and Investor Magazine As Vice Chairman of the Federal Reserve Board, Martin was renowned for his ability to accurately forecast economic shifts and trends. In the critically acclaimed book on the Federal Reserve, William Greider wrote "Martin's analysis of what lies ahead for the American economy proved to be more accurate than the "expert" forecasts from Volcker .... and the Fed's other respected voices," in Secrets of the Temple. The influential Craven Fixed Income Report commented further on Martin's expert forecasting and business acumen: "Martin constantly exhibited an ability to sense change. He was a businessman. He was accurate . . . Martin's eyes were always focused ahead, theirs out the back window." Preston Martin also served as Chairman of the Federal Home Loan Bank Board, where he founded the Federal Home Loan Mortgage Corporation (Freddie Mac) and helped structure it as a business enterprise for its growth into a multi-billion dollar organization. Background Preston Martin's distinguished career spans the course of several decades and includes high level government and private sector positions. He is widely published and is noted as an incisive observer of economic trends and policies. Currently, Mr. Martin is Chairman of the Board of Martin Associates, a San Francisco based financial services firm. Mr. Martin was Vice Chairman of the Federal Reserve Board of Governors. In addition to Fed monetary policy responsibilities, he managed the entry of the twelve Federal Reserve Banks into the commercial services marketplace. While serving as Chairman of the Federal Home Loan Bank Board, Mr. Martin engineered the legislation that created the criteria and implementation for the Federal Home Loan Mortgage Corporation Freddie Mac. He helped structure Freddie Mac as a business enterprise and staffed it for its growth into a multi-billion dollar organization. He founded Neighborhood Housing Services of America (NHSA), dedicated to affordable housing in urban and rural areas throughout the United States and, in addition, he created The Social Compact, a group that recognizes affordable housing enterprise and minority owned business financing. He had a hand in the creation of many of the financial services "products" we take for granted. For example, Mr. Martin is credited with being one of the principal architects of the Adjustable Rate Mortgage (ARM) when he served as Savings and Loan Commissioner for California. He also led the initial conversion of mutual savings banks to public, stock-holder owned institutions. In private enterprise Mr. Martin was the founding executive of PMI Mortgage Insurance Company and PMI Mortgage Corporation, for both of which he served as Chairman and Chief Executive Officer. From an initial capitalization base of $25 million, these companies grew in value to hundreds of millions of dollars over the ensuing two decades. Mr. Martin was CEO of Seraco Corporation, a Sears Roebuck enterprise with four subsidiaries, including Homart Development Corporation. Through his association with Simon and Sons, Mr. Martin was instrumental in forming entities which acquired three savings banks in California and one in Hawaii as well as several real estate development firms in California and Hawaii. In academe, he was Professor of Finance and Director of Executive Programs at the University of Southern California. He also founded graduate business schools in Italy and Pakistan. Mr. Martin received his BA and MBA from the University of Southern California and his monetary economics Ph.D. from Indiana University. He is a frequent public speaker and is often called upon by CNN, CNBC, and other television and radio networks to help make sense of complex financial news.
Never before have you been so bombarded by news of events in the economic and financial worlds. "Ignore it at your own peril" says Preston Martin, former Federal Reserve Vice Chairman. "We have no alternative but to understand what those people in Washington and around the world in all those connected markets are doing." Preston Martin speaks from experience. He was instrumental in shaping many of the nation's vital economic and financial institutions, and his distinguished career is exemplified by high-profile government and private enterprise CEO positions. An incisive observer of economic trends and policies, Martin delivers penetrating insights and valuable analysis into: - The "New Economy": What it Means and Where it's Headed - What is Going on in Today's Financial World - The Global Economy: It's Risks and Rewards - 1998 and Beyond: What's Ahead for Business Martin appears frequently on PBS, CNN and CNBC, deftly explaining current business trends. Few experts have his ability to make complex economic and finance issues compelling to all audiences. His commentary is also featured in such respected publications as The Economist, The Wall Street Journal and Investor Magazine As Vice Chairman of the Federal Reserve Board, Martin was renowned for his ability to accurately forecast economic shifts and trends. In the critically acclaimed book on the Federal Reserve, William Greider wrote "Martin's analysis of what lies ahead for the American economy proved to be more accurate than the "expert" forecasts from Volcker .... and the Fed's other respected voices," in Secrets of the Temple. The influential Craven Fixed Income Report commented further on Martin's expert forecasting and business acumen: "Martin constantly exhibited an ability to sense change. He was a businessman. He was accurate . . . Martin's eyes were always focused ahead, theirs out the back window." Preston Martin also served as Chairman of the Federal Home Loan Bank Board, where he founded the Federal Home Loan Mortgage Corporation (Freddie Mac) and helped structure it as a business enterprise for its growth into a multi-billion dollar organization. Background Preston Martin's distinguished career spans the course of several decades and includes high level government and private sector positions. He is widely published and is noted as an incisive observer of economic trends and policies. Currently, Mr. Martin is Chairman of the Board of Martin Associates, a San Francisco based financial services firm. Mr. Martin was Vice Chairman of the Federal Reserve Board of Governors. In addition to Fed monetary policy responsibilities, he managed the entry of the twelve Federal Reserve Banks into the commercial services marketplace. While serving as Chairman of the Federal Home Loan Bank Board, Mr. Martin engineered the legislation that created the criteria and implementation for the Federal Home Loan Mortgage Corporation Freddie Mac. He helped structure Freddie Mac as a business enterprise and staffed it for its growth into a multi-billion dollar organization. He founded Neighborhood Housing Services of America (NHSA), dedicated to affordable housing in urban and rural areas throughout the United States and, in addition, he created The Social Compact, a group that recognizes affordable housing enterprise and minority owned business financing. He had a hand in the creation of many of the financial services "products" we take for granted. For example, Mr. Martin is credited with being one of the principal architects of the Adjustable Rate Mortgage (ARM) when he served as Savings and Loan Commissioner for California. He also led the initial conversion of mutual savings banks to public, stock-holder owned institutions. In private enterprise Mr. Martin was the founding executive of PMI Mortgage Insurance Company and PMI Mortgage Corporation, for both of which he served as Chairman and Chief Executive Officer. From an initial capitalization base of $25 million, these companies grew in value to hundreds of millions of dollars over the ensuing two decades. Mr. Martin was CEO of Seraco Corporation, a Sears Roebuck enterprise with four subsidiaries, including Homart Development Corporation. Through his association with Simon and Sons, Mr. Martin was instrumental in forming entities which acquired three savings banks in California and one in Hawaii as well as several real estate development firms in California and Hawaii. In academe, he was Professor of Finance and Director of Executive Programs at the University of Southern California. He also founded graduate business schools in Italy and Pakistan. Mr. Martin received his BA and MBA from the University of Southern California and his monetary economics Ph.D. from Indiana University. He is a frequent public speaker and is often called upon by CNN, CNBC, and other television and radio networks to help make sense of complex financial news.
2010