Richard Berner has served as director of the Office of Financial Research at the US Department of the Treasury since January 2013. In this capacity, he leads the office that serves the Financial Stability Oversight Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information; by conducting and sponsoring research related to financial stability; and by promoting best practices in risk management.
Berner previously served as counselor to the secretary of the Treasury. Before joining the Treasury, he was co-head of global economics at Morgan Stanley. He has also worked at Mellon Bank, Salomon Brothers, Morgan Guaranty Trust Company, Wharton Econometrics, and the Federal Reserve Board.
Berner received his bachelor’s degree from Harvard College and PhD from the University of Pennsylvania.