News Release

CHICAGO - The Federal Reserve Bank of Chicago today announced that its Board of Directors has approved the promotion of David Marshall as vice president in economic research and Matt LaRocco as assistant vice president in the human resources department.

Dr. Marshall serves as a team leader for the research department's macroeconomics group. In addition, he is an adjunct professor of finance at the University of Chicago and an associate editor for the economic research journal Macroeconomic Dynamics.

Before joining the Chicago Fed as a senior financial economist, Dr. Marshall served on the faculty at both Northwestern University and the University of Chicago.

Prior to graduate school, Dr. Marshall was a violinist with the Houston Symphony Orchestra. He received a B.A. in philosophy from Yale University and his M.S. and Ph.D. in economics from Carnegie Mellon University.

Mr. LaRocco previously served as manager of compensation and benefits. He joined the Chicago Fed in 1998, expanding his responsibilities to include benefits, compensation and payroll.

Prior to joining the Chicago Fed, Mr. LaRocco was benefits and human resources manager at Amersham, plc, Princeton, New Jersey. In that position, he oversaw the company's North American employee benefit programs as well as corporate human resource activities. Before that, he was manager of retirement plans at Apollo Travel Services, Rosemont, Illinois, where he administered corporate retirement plans. Prior to that, he was a human resources analyst at Nalco Chemical Company, Naperville, Illinois.

Mr. LaRocco received a bachelor's degree in business administration from Aurora University, Aurora, Illinois.